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<SEC-DOCUMENT>0000825324-09-000016.txt : 20100121
<SEC-HEADER>0000825324-09-000016.hdr.sgml : 20100121
<ACCEPTANCE-DATETIME>20090904130233
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000825324-09-000016
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090904

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GOOD TIMES RESTAURANTS INC
		CENTRAL INDEX KEY:			0000825324
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				841133368
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		601 CORPORATE CIRCLE
		CITY:			GOLDEN
		STATE:			CO
		ZIP:			80401
		BUSINESS PHONE:		3033841400

	MAIL ADDRESS:	
		STREET 1:		601 CORPORATE CIRCLE
		CITY:			GOLDEN
		STATE:			CO
		ZIP:			80401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PARAMOUNT VENTURES INC
		DATE OF NAME CHANGE:	19900205
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<html>

<head>
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<title>March 9, 2009</title>



</head>

<body lang=EN-US>















<p class=MsoNoSpacing align=center style='margin-bottom:24.0pt;text-align:center'>September 4, 2009</p>

<p class=MsoNoSpacing style='text-align:justify'>United
  States Securities
and Exchange Commission</p>

<p class=MsoNoSpacing style='margin-bottom:12.0pt;text-align:justify'>Washington, D.C. 20549</p>

<p class=MsoNoSpacing style='margin-bottom:12.0pt;text-align:justify'>Submitted Electronically with
Copy to Staff</p>

<p class=MsoNoSpacing style='margin-left:.5in;text-align:justify;text-indent:
- -.5in'>Re: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Good Times
Restaurants, Inc.</p>

<p class=MsoNoSpacing style='margin-left:.5in;text-align:justify;text-indent:
- -.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form
10-KSB for the year ended September 30, 2008</p>

<p class=MsoNoSpacing style='margin-left:.5in;text-align:justify;text-indent:
- -.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Filed
December 29, 2008</p>

<p class=MsoNoSpacing style='margin-top:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:.5in;text-align:justify;text-indent:-.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; File No. 0-18590</p>

<p class=MsoNoSpacing style='margin-bottom:6.0pt;text-align:justify'>Good Times Restaurants, Inc. (the
&quot;Company&quot;, &quot;we&quot;, &quot;our&quot; or &quot;us&quot;) has received your letter dated July 8, 2009 containing
comments on the Company's response to your letter dated June 2, 2009. This
letter on behalf of the Company responds to each of the comments set forth in
your letter.</p>

<p class=MsoNoSpacing style='margin-bottom:12.0pt;text-align:justify'>For convenience of reference, we
have set forth the Commission's comments in bold below, with the Company's
response following each comment.</p>

<p class=MsoNoSpacing style='text-align:justify'><b><u>Form 10-KSB for the year ended September 30, 2008</u></b></p>

<p class=MsoNoSpacing style='margin-bottom:6.0pt;text-align:justify'><b><u>&nbsp;</u></b></p>

<p class=MsoNoSpacing style='margin-bottom:6.0pt;text-align:justify'><b><u>Management Discussion and Analysis,
and Consolidated Balance Sheets</u></b></p>

<p class=MsoNoSpacing style='margin-top:0in;margin-right:0in;margin-bottom:
6.0pt;margin-left:40.5pt;text-align:justify;text-indent:-.25in'><b>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b><b>We have
reviewed your response to our prior comment number 1 but do not believe that
your response addressed all of the concerns raised in our prior comment. As
previously requested, please provide us a copy of your most recent impairment
analysis with regard to the long-lived assets at your various restaurant
properties. This impairment analysis should be accompanied by narrative
disclosures explaining the significant assumptions used in preparing the
impairment analysis along with managements basis or rationale for the
assumptions.</b></p>

<p class=MsoNoSpacing style='margin-left:40.5pt;text-align:justify;text-indent:
- -.25in'><b>2.&nbsp;&nbsp; </b><b>In addition, we note from your
response to our prior comment that you have projected restaurant sales to
increase 3% annually for periods subsequent to fiscal 2009 for purposes of your
impairment analysis. Please explain why you believe it is appropriate to assume
your restaurant sales will increase 3% in periods subsequent to the current
period, given that your same store restaurant sales declined by 14.5% during
the six months ended March 31, 2009 as compared to the comparable period of the
prior year. We may have further comment upon reviewing your response.</b></p>

<p class=MsoNoSpacing style='margin-top:0in;margin-right:0in;margin-bottom:
6.0pt;margin-left:22.5pt;text-align:justify'><b><u>&nbsp;</u></b></p>

<p class=MsoNoSpacing style='margin-top:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:22.5pt;text-align:justify'>We
have completed an updated impairment analysis with regards to our long-lived
assets as of March 31, 2009. Attached to this response letter are the results
of our impairment analysis on a restaurant by restaurant basis for the period ending
March 31, 2009. The cash flow figures used are for the trailing twelve month
period ending March 31, 2009. As indicated in the data there are only three
restaurants that have negative cash flow for the trailing twelve month period
ending March 31, 2009. One restaurant is projected to have a negative cash flow
over the next five years, and this is the only restaurant with any possible significant
impairment risk. This is the first year that these restaurants have experienced
negative cash flow and the accounting firm that has audited our financial
statements for several years have agreed that it is premature to take an
impairment charge until the sales trends are confirmed and there is little
likelihood of asset recovery.</p>



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<p class=MsoHeader>United States Securities and Exchange Commission</p>

<p class=MsoHeader>September 4, 2009</p>

<p class=MsoHeader style='margin-bottom:12.0pt'>Page 2 of 3</p>



<p class=MsoNoSpacing style='margin-bottom:12.0pt;text-align:justify'>Assumptions to the projections
are as follows:</p>

<p class=MsoNoSpacing style='margin-top:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:85.5pt;text-align:justify;text-indent:-.25in'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Annual sales
increases of 3%. The 3% annual sales increase was used as we began comparing to
double digit declines in late fiscal '08 and early fiscal '09 (see explanation
below).</p>

<p class=MsoNoSpacing style='margin-top:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:85.5pt;text-align:justify;text-indent:-.25in'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our variable
and semi-variable restaurant operating costs are projected to increase
proportionately with the 3% sales increases.</p>

<p class=MsoNoSpacing style='margin-top:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:85.5pt;text-align:justify;text-indent:-.25in'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our other
fixed restaurant operating costs are projected to increase 1% per year.</p>

<p class=MsoNoSpacing style='margin-top:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:85.5pt;text-align:justify;text-indent:-.25in'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Food and
packaging costs have been relatively high in the past two years and we have
begun to see a stabilizing of these costs. With menu engineering and commodity
cost declines we anticipate these costs to decrease as much as 1% as a
percentage of restaurant sales. For the two years prior to fiscal 2008 our food
and packaging costs averaged 31.3% as a percentage of restaurant sales. In
fiscal 2008 and 2009 food and packaging costs increased to 31.7% and 33.6%,
respectively.&nbsp; The cash flow projections included in the impairment analysis
assume our cost of sales at 33%.&nbsp; </p>

<p class=MsoNoSpacing style='margin-left:22.5pt;text-align:justify'>We have evaluated our historical
and current sales trends as a basis for our assumption of a 3% sales increase
in fiscal 2010 and beyond. Following are our historical sales trends through March
31, 2008. We experienced same store sales growth in seventeen consecutive
quarters until the quarter ending June 30, 2008 when our sales declined 5.7%.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:1.2in;border-collapse:collapse'>
 <tr>
  <td width=219 valign=top style='width:164.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'><u>Period</u></p>
  </td>
  <td width=189 valign=top style='width:141.95pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'><u>Same Store Sales Variance</u></p>
  </td>
 </tr>
 <tr>
  <td width=219 valign=top style='width:164.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>Fiscal 2004</p>
  </td>
  <td width=189 valign=top style='width:141.95pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing align=center style='text-align:center'>2.7%</p>
  </td>
 </tr>
 <tr>
  <td width=219 valign=top style='width:164.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>Fiscal 2005</p>
  </td>
  <td width=189 valign=top style='width:141.95pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing align=center style='text-align:center'>4.8%</p>
  </td>
 </tr>
 <tr>
  <td width=219 valign=top style='width:164.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>Fiscal 2006</p>
  </td>
  <td width=189 valign=top style='width:141.95pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing align=center style='text-align:center'>1.0%</p>
  </td>
 </tr>
 <tr>
  <td width=219 valign=top style='width:164.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>Fiscal 2007</p>
  </td>
  <td width=189 valign=top style='width:141.95pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing align=center style='text-align:center'>6.0%</p>
  </td>
 </tr>
 <tr>
  <td width=219 valign=top style='width:164.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>Fiscal 2008 thru 3/31/08</p>
  </td>
  <td width=189 valign=top style='width:141.95pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing align=center style='text-align:center'>7.6%</p>
  </td>
 </tr>
</table>



<p class=MsoNoSpacing style='margin-left:22.5pt;text-align:justify'>The average same store sales
growth over this 5 year period was 5%. Restaurant sales began to turn negative in
the quarter ending June 30, 2008 with the economic recession taking full hold.</p>



<p class=MsoNoSpacing style='margin-left:22.5pt;text-align:justify'>We have begun to see a flattening
of our negative sales trends as we overlap the large declines of the prior year:</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:1.2in;border-collapse:collapse'>
 <tr>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>Qtr ending 12/31/08</p>
  </td>
  <td width=78 valign=top style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>-15%</p>
  </td>
 </tr>
 <tr>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>Qtr ending 3/31/09</p>
  </td>
  <td width=78 valign=top style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>-13.5%</p>
  </td>
 </tr>
 <tr>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>Qtr ending 6/30/09</p>
  </td>
  <td width=78 valign=top style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>-12.5%</p>
  </td>
 </tr>
 <tr>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>Projected Qtr ending 9/30/09</p>
  </td>
  <td width=78 valign=top style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNoSpacing style='text-align:justify'>-7.5%</p>
  </td>
 </tr>
</table>





<p class=MsoNoSpacing style='margin-left:22.5pt;text-align:justify'>Our fiscal 2010 projections
annualize at a 3% increase with a first quarter increase of only 1.3%.&nbsp; These projected
increases include the effect of menu price increases and assume only nominal
real growth. Our ongoing analysis will confirm the viability of these
projections, however we believe it is appropriate to use an annual 3% increase
in our impairment analysis.</p>



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clear=all style='page-break-before:always'>








<p class=MsoHeader>United States Securities and Exchange Commission</p>

<p class=MsoHeader>September 4, 2009</p>

<p class=MsoHeader>Page 3 of 3</p>



<p class=MsoNoSpacing style='margin-top:12.0pt;margin-right:0in;margin-bottom:
12.0pt;margin-left:0in;text-align:justify'>In
connection with our response to your comments, we acknowledge that:</p>

<p class=MsoNoSpacing style='margin-left:.5in;text-align:justify;text-indent:
- -.25in'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the Company
and its management &nbsp;is responsible for the adequacy and accuracy of the
disclosure in our filings;</p>

<p class=MsoNoSpacing style='margin-left:.5in;text-align:justify;text-indent:
- -.25in'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Staff
comments or changes to disclosure in response to Staff comments do not
foreclose the Commission from taking action with respect to the filing; and</p>

<p class=MsoNoSpacing style='margin-top:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:.5in;text-align:justify;text-indent:-.25in'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the Company
may not assert Staff comments as a defense in any proceeding initiated by the
Commission or any person under the federal securities laws of the United States.</p>

<p class=MsoNoSpacing style='margin-bottom:12.0pt;text-align:justify'>If you have any additional
questions or comments, please feel free to contact me directly at 303-384-1411
or Sue Knutson at 303-384-1424.</p>

<p class=MsoNoSpacing style='text-align:justify'>Sincerely,</p>



<p class=MsoNoSpacing style='text-align:justify'><i>/s/ Boyd E. Hoback</i></p>

<p class=MsoNoSpacing style='text-align:justify'><i>&nbsp;</i></p>



<p class=MsoNoSpacing style='text-align:justify'>Boyd
E. Hoback</p>

<p class=MsoNoSpacing style='text-align:justify'>President
and CEO</p>

<p class=MsoNoSpacing style='text-align:justify'>Good
Times Restaurants Inc.</p>



<p class=MsoNoSpacing style='text-align:justify'>cc:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Linda
Cvrkel, Branch Chief</p>

<p class=MsoNoSpacing style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effie
Simpson</p>



<p class=MsoNoSpacing style='text-align:justify'>Attachment:
Restaurant level impairment analysis</p>



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</div>





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<p class=MsoNoSpacing align=center style='text-align:center'><b>Good Times Drive
Thru</b></p>

<p class=MsoNoSpacing align=center style='text-align:center'><b>Property &amp;
Equipment Impairment Analysis</b></p>

<p class=MsoNoSpacing align=center style='text-align:center'><b>March 31, 2009</b></p>

<p class=MsoNoSpacing style='text-align:justify'><b>&nbsp;</b></p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0 width=1002
 style='margin-left:-12.6pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=36 valign=top style='width:27.0pt;border:solid black 1.0pt;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>&nbsp;</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Store #</b></p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>Store Location</b></p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Training 12 month Net Income</b></p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Trailing 12 month Depreciation Expense</b></p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Trailing 12 month Cash Flow</b></p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Projected 5 Yr CF w/ 3% sales incr each yr</b></p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>PP&amp;E, Net</b></p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Realization Term (in yrs)</b></p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Avg Deprec. Term of PP&amp;E (in yrs)</b></p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Expected FY 2010 Sales Increase</b></p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:solid black 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Impairment Risk?</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=top style='width:27.0pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=54 valign=top style='width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=126 valign=top style='width:94.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=66 valign=bottom style='width:49.5pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>A</b></p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>A</b></p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>A A</b></p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>B</b></p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>B / A A</b></p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>{b}</b></p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>{a}</b></p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>{c}</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>1</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>101</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Boulder</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 60,042</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 35,610 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 395,652 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 236,547 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>REALIZED</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>2</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>102</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Colfax</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ 123,909</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 21,366 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 145,275 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 87,268 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>REALIZED</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>3</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>103</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Colorado
  Boulevard</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 50,971</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 32,588 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; 83,559 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 130,204 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>1.6 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>4</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>105</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Wadsworth</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 15,275</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 25,078 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; 40,353 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 120,129 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>5</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>108</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>SW Comm</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ 338,783</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 45,269 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 384,052 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 213,857 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>REALIZED</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>6</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>110</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Hampden</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 39,458</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 52,064 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; 91,522 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 427,456 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>4.7 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>7</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>112</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>50th &amp;
  Federal</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 60,199</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 34,712 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; 94,911 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 42,557 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>REALIZED</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>8</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>113</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Colfax and
  Harrison</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 28,325</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 39,155 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; 67,480 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 89,499 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>1.3 yr</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>9</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>114</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>1st and
  Wadsworth</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 52,631</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 31,965 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; 84,596 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 51,918 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>REALIZED</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>10</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>115</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Broadway &amp;
  Evans</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 56,385</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 44,987 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 101,372 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 112,513 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>1.1 yr</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>11</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>117</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Havana &amp;
  Mississippi</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ 104,680</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 50,988 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 155,668 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 113,382 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>REALIZED</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>12</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>121</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>1st &amp; Union</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; (5,438)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 44,247 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; 38,809 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 94,483 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>2.4 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>13</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>127</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>92nd &amp;
  Wadsworth</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 82,515</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 43,053 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 125,568 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 127,932 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>REALIZED</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>14</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>130</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>2000 S. Federal</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ (39,050)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 44,819 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 5,769 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp;&nbsp; 115,000 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 86,167 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>14.9 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>15</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>132</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Silverthorne, CO</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ (52,189)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 40,617 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ (11,572)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp;&nbsp;&nbsp;&nbsp; 50,000 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 199,026 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:red;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>YES</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>{d}</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>16</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>133</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>58th &amp;
  Kipling</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 68,235</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 39,596 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 107,831 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 118,708 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>1.1 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>17</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>134</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Fort Collins, CO</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ 105,501</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 19,015 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 124,516 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 76,822 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>REALIZED</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>18</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>137</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Commerce City</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ (78,694)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 45,902 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ (32,792)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; (35,000)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 286,561 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:red;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>YES</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>{d}</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>19</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>139</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Youngfield</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ 159,743</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 43,868 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 203,611</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 231,951 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>1.1 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>20</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>140</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Buckley &amp;
  Qunicy</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 14,302</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 46,012 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; 60,314 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 226,536 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.8 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>21</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>141</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Brighton, CO</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ (11,744)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 25,024 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; 13,280</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 65,498 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>4.9 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>22</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>142</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Peoria</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; (6,554)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 13,825 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 7,271</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 96,059 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13.2 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>23</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>151</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Astrozon</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp;&nbsp;&nbsp; 1,483</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 35,461 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; 36,944</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 171,784 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>4.6 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>24</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>154</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Southlands</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ 184,847</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 33,238 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 218,085</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 152,971 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>REALIZED</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>25</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>155</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Larkridge</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ 143,196</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 75,746 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 218,942 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 686,790 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.1 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>26</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>159</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>16th St Mall</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 95,297</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 43,243 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 138,540 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 274,938 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>2 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>27</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>160</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Centerra</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ (52,608)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 87,941 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; 35,333</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp;&nbsp; 651,000 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 819,463 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>23 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:red;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>YES</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>{d}</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>28</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>166</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Kipling &amp;
  Chatfield</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$ (55,463)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 48,078 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp; (7,385)</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$&nbsp;&nbsp; 109,000 </p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 440,470 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:red;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>YES</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>{d}</b></p>
  </td>
 </tr>
 <tr>
  <td width=36 valign=bottom style='width:27.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>29</b></p>
  </td>
  <td width=54 valign=bottom style='width:40.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>167</p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>N. Academy</p>
  </td>
  <td width=66 valign=bottom style='width:49.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:3.5pt;text-align:right'>$&nbsp; 70,305</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:11.2pt;text-align:right'>$&nbsp;&nbsp; 31,817 </p>
  </td>
  <td width=72 valign=bottom style='width:.75in;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:8.1pt;text-align:right'>$ 102,122</p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=right style='margin-right:12.6pt;text-align:right'>$&nbsp; 201,067 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>2.0 yrs</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>13 </p>
  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>3.0%</p>
  </td>
  <td width=18 valign=bottom style='width:13.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=78 valign=bottom style='width:58.5pt;border-top:none;border-left:
  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
  background:#66FF33;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>NO</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  </td>
 </tr>
</table>



<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0 width=996
 style='margin-left:-12.6pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=996 valign=bottom style='width:747.0pt;border:solid black 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>{d}</b></p>
  </td>
 </tr>
 <tr>
  <td width=996 valign=top style='width:747.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Store #132 - This is the
  first year that this restaurant has shown a negative cash flow and it is in a
  mountain area that has experienced a more severe impact from the recession.
  The five year cash flow with only 3% sales increases is positive and we
  anticipate the increases could be greater in this location when the economy
  begins to recover. The risk of impairment related to this stores' assets does
  not appear significant.</p>
  </td>
 </tr>
 <tr>
  <td width=996 valign=top style='width:747.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Store #137 - This is the
  first year that the restaurant has shown a negative cash flow, we will
  re-evaluate at September 30, 2009 for possible impairment.</p>
  </td>
 </tr>
 <tr>
  <td width=996 valign=top style='width:747.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Store #160 opened in August
  2006.&nbsp; Historically, stores usually achieve positive income within 12 months
  of operations, however this store is in a new development that is expected to
  grow over the coming years. The store has made progress towards profitability
  and is projected to cash flow $71,000 in 2009 and $102,000 in 2010. The risk
  of impairment related to this stores' assets does not appear significant.</p>
  </td>
 </tr>
 <tr>
  <td width=996 valign=top style='width:747.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Store #166 opened in May
  2007.&nbsp; The store was profitable in 2008 and projections show a return to
  profitablility in 2010. The risk of impairment related to this stores' assets
  does not appear significant.</p>
  </td>
 </tr>
 <tr>
  <td width=996 valign=top style='width:747.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>The Company is expecting
  sales to increase an average of 3.0% across all stores in fiscal 2010, with
  some sales declines in the first quarter</p>
  </td>
 </tr>
 <tr>
  <td width=996 valign=top style='width:747.0pt;border:solid black 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>The Company assigns asset
  classes the following depreciable lives: leaseholds (7 to 15 years),
  buildings (15 to 30 years), furniture and fixtures (5 to 8 years).</p>
  </td>
 </tr>
</table>



<div class=MsoNormal align=center style='text-align:center'>

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