%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 1 J 1 j 3 M 36 751.1 m 576 751.1 l s BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.75 725.10 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 319.33 725.10 Td (A) Tj ET Q q 0 0 0 rg BT 325.44 725.10 Td (TES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.90 701.10 Td (SECURITIES ) Tj ET Q q 0 0 0 rg BT 262.52 701.10 Td (AND EXCHANGE COMMISSION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.05 677.10 Td (W) Tj ET Q q 0 0 0 rg BT 255.38 677.10 Td (ASHINGT) Tj ET Q q 0 0 0 rg BT 299.09 677.10 Td (ON, D.C. 20549) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.80 653.10 Td (FORM 8-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.70 629.10 Td (CURRENT) Tj ET Q q 0 0 0 rg BT 309.19 629.10 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 343.32 629.10 Td (T) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.80 605.10 Td (Pursuant to Section 13 or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 400.42 605.10 Td (Act of 1934) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.20 573.17 Td (Date of Report \(Date of Earliest Event Reported\):) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.70 573.17 Td (December 14, 2012) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.35 545.10 Td (Hines Global REIT) Tj ET Q q 0 0 0 rg BT 334.37 545.10 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 533.10 Td (__________________________________) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.35 521.10 Td (Exact name of registrant as specified in its charter\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 45.5 470.6 m 228.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 470.6 m 384.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 470.6 m 565.5 470.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 48.00 489.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.00 489.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.00 489.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.00 489.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.00 489.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.05 475.17 Td (Maryland) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.00 475.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.30 475.17 Td (000-53964) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.00 475.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.30 475.17 Td (26-3999995) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 48.60 461.17 Td (\(State or other jurisdiction of incorporation\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.00 461.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.70 461.17 Td (\(Commission File Number\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.00 461.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.85 461.17 Td (\(I.R.S. Employer Identification No.\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 48.00 447.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.00 447.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.00 447.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.00 447.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.00 447.17 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 431.10 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 377.6 m 157.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 377.6 m 264.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 377.6 m 463.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 377.6 m 494.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 377.6 m 569.5 377.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 411.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.00 411.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.00 411.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.00 411.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.00 411.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 411.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.85 382.27 Td (2800 Post Oak Blvd, Suite 5000, Houston, Texas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.00 382.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.00 382.27 Td (77056-6118) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.65 368.17 Td (\(Address of principal executive offices\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.00 368.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.90 368.17 Td (\(Zip Code\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 352.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.80 332.17 Td (Registrant's telephone number, including area code:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.25 332.17 Td (\(888\) 220-6121) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 316.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.55 304.10 Td (Not ) Tj ET Q q 0 0 0 rg BT 292.50 304.10 Td (Applicable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.00 292.10 Td (______________________________________________) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.30 280.10 Td (Former name or former address, if changed since last report) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 268.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 256.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 244.10 Td (Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 232.10 Td (registrant under any of the following provisions:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 220.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 208.10 Td ([ ] ) Tj ET Q q 0 0 0 rg BT 74.48 208.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.52 208.10 Td (ritten communications pursuant to Rule 425 under the Securities ) Tj ET Q q 0 0 0 rg BT 343.19 208.10 Td (Act \(17 CFR 230.425\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 196.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 184.10 Td ([ ] Soliciting material pursuant to Rule 14a-12 under the Exchange ) Tj ET Q q 0 0 0 rg BT 331.54 184.10 Td (Act \(17 CFR 240.14a-12\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 172.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 160.10 Td ([ ] Pre-commencement communications pursuant to Rule 14d-2\(b\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 413.18 160.10 Td (Act \(17 CFR 240.14d-2\(b\)\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 148.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 136.10 Td ([ ] Pre-commencement communications pursuant to Rule 13e-4\(c\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 412.05 136.10 Td (Act \(17 CFR 240.13e-4\(c\)\)) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 1 J 1 j 3 M 36 90.10000000000002 m 576 90.10000000000002 l s BT /F2 10.00 Tf ET endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Item 8.01 Other) Tj ET Q q 0 0 0 rg BT 103.86 749.25 Td ( Items) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 737.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td (On October 10, 2012, a wholly-owned subsidiary of Hines Global REIT) Tj ET Q q 0 0 0 rg BT 324.66 725.25 Td ( Properties LP) Tj ET Q q 0 0 0 rg BT 380.77 725.25 Td (, which is a subsidiary of Hines Global REIT) Tj ET Q q 0 0 0 rg BT 560.27 725.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (Inc. \("Hines Global"\),acquiredDistribution Park Sosnowiec, an industrial park located in Katowice, Poland.) Tj ET Q q 0 0 0 rg BT 476.10 713.25 Td (The seller is not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (af) Tj ET Q q 0 0 0 rg BT 43.59 701.25 Td (filiated with Hines Global or its af) Tj ET Q q 0 0 0 rg BT 180.60 701.25 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 215.13 701.25 Td (This acquisition represents the fifth industrial park in Hines Global Poland Logistics ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (Portfolio of industrial parks.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (After reasonable inquiry) Tj ET Q q 0 0 0 rg BT 133.09 665.25 Td (,Hines Globalis not aware of any material factors relating to the logistics facility that would cause the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (reported financial information not to be necessarily indicative of future operating results. ) Tj ET Q q 0 0 0 rg BT 393.75 653.25 Td (ThisForm 8-K is being filed for thesole ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (purpose of filing the financialstatements and pro forma financialinformation required by Item 9.01 of Form 8-K.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Item 9.01 Financial Statements and Exhibits.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (\(a\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.60 593.25 Td (Financial Statements of Real Estate Pr) Tj ET Q q 0 0 0 rg BT 205.03 593.25 Td (operty ) Tj ET Q q 0 0 0 rg BT 232.90 593.25 Td (Acquir) Tj ET Q q 0 0 0 rg BT 259.75 593.25 Td (ed. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.18 593.25 Td (The following financial statements are submitted at the end of this Current ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (Report on Form 8-K and are filed herewith and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (Distribution Park Sosnowiec, Poland - For) Tj ET Q q 0 0 0 rg BT 216.94 557.25 Td ( theNine Months EndedSeptember) Tj ET Q q 0 0 0 rg BT 369.26 557.25 Td ( 30, 2012 \(Unaudited\) and the ) Tj ET Q q 0 0 0 rg BT 497.52 557.25 Td (Y) Tj ET Q q 0 0 0 rg BT 503.63 557.25 Td (ear) Tj ET Q q 0 0 0 rg BT 517.33 557.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 109.42 545.25 Td ( 31, 201) Tj ET Q q 0 0 0 rg BT 141.37 545.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 87.37 521.25 Td (Auditors' Report) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (Statements of Revenues and Certain Operating Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (Notes to Statements of Revenues and Certain Operating Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (\(b\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.16 473.25 Td (Unaudited Pr) Tj ET Q q 0 0 0 rg BT 104.51 473.25 Td (o Forma Financial Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.89 473.25 Td (. ) Tj ET Q q 0 0 0 rg BT 235.71 473.25 Td (The following financial information is submitted at the end of this Current Report on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (Form 8-K and is filed herewith and incorporated herein by reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (Hines Global REIT) Tj ET Q q 0 0 0 rg BT 118.06 437.25 Td (, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (Unaudited Pro Forma Consolidated Balance Sheet as of September 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (Unaudited Pro Forma Consolidated Statement of Operations for the Nine Months Ended September 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (Unaudited Pro Forma Consolidated Statement of Operations for the) Tj ET Q q 0 0 0 rg BT 308.63 389.25 Td (Y) Tj ET Q q 0 0 0 rg BT 314.85 389.25 Td (ear EndedDecember 31, 201) Tj ET Q q 0 0 0 rg BT 430.82 389.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (Notes to Unaudited Pro Forma Consolidated Financial Statements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (\(d\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.16 353.25 Td (Exhibits - None.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.85 749.25 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 749.25 Td (TURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 737.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td (Pursuant to the requirements of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 262.05 725.25 Td (Act of 1934, the registrant has duly caused this report to be signed on its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (behalf by the undersigned hereunto duly authorized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 634.75 m 355 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 634.75 m 405 634.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 48.50 681.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.50 681.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.50 681.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.50 681.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.50 681.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 48.50 667.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.50 667.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.50 667.32 Td (Hines Global REIT, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 48.50 653.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.50 653.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.50 653.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.50 653.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.50 653.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.90 639.32 Td (December 14, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.50 639.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.50 639.32 Td (By:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.50 639.32 Td (/s/ J. Shea Morgenroth) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.50 639.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 48.50 625.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.50 625.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.50 625.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.50 625.32 Td (Name: J. Shea Morgenroth) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.50 625.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 48.50 611.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.50 611.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.50 611.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.50 611.32 Td (Title: Chief Accounting Officer and Treasurer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.50 611.32 Td () Tj ET Q BT /F2 10.00 Tf ET endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 219.20 737.10 Td (INDEPENDENT) Tj ET Q q 0 0 0 rg BT 291.81 737.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.76 737.10 Td (AUDIT) Tj ET Q q 0 0 0 rg BT 325.80 737.10 Td (ORS' REPOR) Tj ET Q q 0 0 0 rg BT 386.29 737.10 Td (T) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (T) Tj ET Q q 0 0 0 rg BT 41.75 713.10 Td (o the Partners of) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (Hines Global REIT) Tj ET Q q 0 0 0 rg BT 118.62 701.10 Td ( Pr) Tj ET Q q 0 0 0 rg BT 131.48 701.10 Td (operties, L.P) Tj ET Q q 0 0 0 rg BT 184.72 701.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 76.94 689.10 Td (TX) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 665.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 665.10 Td (e have audited the accompanying statement of revenues and certain operating expenses \(the Historical Summary\) of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (Distribution Park Sosnowiec, a logistics facility located in Katowice, Poland for the year ended December 31, 201) Tj ET Q q 0 0 0 rg BT 493.01 653.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 502.83 653.10 Td (This Historical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (Summary is the responsibility of Distribution Park Sosnowiec's management. Our responsibility is to express an opinion on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (Historical Summary based on our audit.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 605.10 Td (e conducted our audit in accordance with auditing standards generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 491.60 605.10 Td (America. ) Tj ET Q q 0 0 0 rg BT 530.85 605.10 Td (Those ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (standards require that we plan and perform the audit to obtain reasonable assurance about whether the Historical Summary is free of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (material misstatement. ) Tj ET Q q 0 0 0 rg BT 128.48 581.10 Td (An audit includes consideration of internal control over financial reporting as it relates to the Historical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (Summary as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (opinion on the ef) Tj ET Q q 0 0 0 rg BT 103.86 557.10 Td (fectiveness of the Logistics Facility's internal control over financial reporting as it relates to the Historical Summary) Tj ET Q q 0 0 0 rg BT 567.66 557.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 85.34 545.10 Td (, we express no such opinion. ) Tj ET Q q 0 0 0 rg BT 205.32 545.10 Td (An audit also includes examining, on a test basis, evidence supporting the amounts and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (disclosures in the Historical Summary) Tj ET Q q 0 0 0 rg BT 188.10 533.10 Td (, assessing the accounting principles used and significant estimates made by management, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (well as evaluating the overall presentation of the Historical Summary) Tj ET Q q 0 0 0 rg BT 312.77 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 317.59 521.10 Td (W) Tj ET Q q 0 0 0 rg BT 326.22 521.10 Td (e believe that our audit provides a reasonable basis for our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (opinion.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 485.10 Td (The accompanying Historical Summary was prepared for the purpose of complying with the rules and regulations of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (Securities and Exchange Commission \(for inclusion in thisForm 8-K of Hines Global REIT) Tj ET Q q 0 0 0 rg BT 403.82 473.10 Td (, Inc.\) as discussed in Note 2 to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (Historical Summary and is not intended to be a complete presentation of theLogistics Facility's revenues and expenses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 437.10 Td (In our opinion, such Historical Summary presents fairly) Tj ET Q q 0 0 0 rg BT 294.64 437.10 Td (, in all material respects, the revenues and certain operating expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (discussed in Note 2 to the Historical Summary of the Logistics Facility for the year ended December 31, 201) Tj ET Q q 0 0 0 rg BT 470.80 425.10 Td (1 in conformity with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (accounting principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 292.86 413.10 Td (America.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (/s/ Saville Dodgen & Company) Tj ET Q q 0 0 0 rg BT 160.90 389.10 Td (, PLLC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 66.37 365.10 Td (T) Tj ET Q q 0 0 0 rg BT 71.78 365.10 Td (exas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (December 14, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 36.00 295.50 Td ( ) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 221.90 749.25 Td (DISTRIBUTION P) Tj ET Q q 0 0 0 rg BT 303.68 749.25 Td (ARK SOSNOWIEC) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 254.20 737.25 Td (KA) Tj ET Q q 0 0 0 rg BT 268.46 737.25 Td (T) Tj ET Q q 0 0 0 rg BT 274.95 737.25 Td (OWICE, POLAND) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 142.25 725.25 Td (ST) Tj ET Q q 0 0 0 rg BT 153.74 725.25 Td (A) Tj ET Q q 0 0 0 rg BT 160.22 725.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 225.14 725.25 Td ( REVENUES ) Tj ET Q q 0 0 0 rg BT 284.04 725.25 Td (AND CER) Tj ET Q q 0 0 0 rg BT 328.97 725.25 Td (T) Tj ET Q q 0 0 0 rg BT 334.90 725.25 Td (AIN OPERA) Tj ET Q q 0 0 0 rg BT 389.99 725.25 Td (TING EXPENSES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 91.65 713.25 Td (For) Tj ET Q q 0 0 0 rg BT 107.02 713.25 Td ( the Nine Months Ended September) Tj ET Q q 0 0 0 rg BT 259.34 713.25 Td ( 30, 2012 \(Unaudited\) and the ) Tj ET Q q 0 0 0 rg BT 387.60 713.25 Td (Y) Tj ET Q q 0 0 0 rg BT 393.71 713.25 Td (ear) Tj ET Q q 0 0 0 rg BT 407.41 713.25 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 483.32 713.25 Td ( 31, 201) Tj ET Q q 0 0 0 rg BT 515.27 713.25 Td (1) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 661.75 335.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 661.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 661.75 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 661.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 633.75 335.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 633.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 633.75 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 633.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 605.75 335.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 605.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 605.75 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 605.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 577.75 335.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 577.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 577.75 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 577.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 549.75 335.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 549.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 549.75 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 549.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 521.75 335.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 521.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 521.75 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 521.75 92.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 661.75 m 470.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 661.75 m 575.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 633.75 m 470.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 633.75 m 575.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 521.75 m 470.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 521.75 m 575.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 507.75 m 470.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 494.75 m 470.5 494.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 492.75 m 470.5 492.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 507.75 m 575.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 494.75 m 575.5 494.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 492.75 m 575.5 492.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.00 666.43 Td (Revenues:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 377.20 676.43 Td (Nine Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 378.25 666.43 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 503.90 676.43 Td (Year Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 488.95 666.43 Td (December 31, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 652.32 Td (Rental revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.00 652.32 Td ($2,423,379) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.00 652.32 Td ($3,244,340) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 638.32 Td (Other revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.65 638.32 Td (73) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 638.32 Td (5,266) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 624.32 Td ( Totalrevenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.65 624.32 Td (2,423,452) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 624.32 Td (3,249,606) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.00 610.43 Td (Certain operating expenses:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.00 610.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 610.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 596.32 Td (Utilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.15 596.32 Td (274,488) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.15 596.32 Td (416,048) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 582.32 Td (Real estate taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.15 582.32 Td (319,275) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.15 582.32 Td (445,185) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 568.32 Td (Repairs and maintenance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.15 568.32 Td (97,684) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.15 568.32 Td (116,485) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 554.32 Td (Cleaning services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.65 554.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 554.32 Td (31,270) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 540.32 Td (Building management services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.15 540.32 Td (124,738) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.15 540.32 Td (143,680) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 526.32 Td (Insurance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.15 526.32 Td (23,483) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 526.32 Td (33,610) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 512.32 Td (Total certain operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.15 512.32 Td (839,668) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 512.32 Td (1,186,278) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 38.00 498.43 Td (Revenues in excess of certain operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.00 498.32 Td ($1,583,784) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.00 498.32 Td ($2,063,328) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.60 470.25 Td (See accompanying notes to statements of revenues and certain operating expenses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 434.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 36.00 412.65 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 576.00 403.05 Td ( ) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 221.90 749.25 Td (DISTRIBUTION P) Tj ET Q q 0 0 0 rg BT 303.68 749.25 Td (ARK SOSNOWIEC) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 254.20 737.25 Td (KA) Tj ET Q q 0 0 0 rg BT 268.46 737.25 Td (T) Tj ET Q q 0 0 0 rg BT 274.95 737.25 Td (OWICE, POLAND) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 115.75 725.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 151.97 725.25 Td (T) Tj ET Q q 0 0 0 rg BT 158.46 725.25 Td (O ST) Tj ET Q q 0 0 0 rg BT 180.23 725.25 Td (A) Tj ET Q q 0 0 0 rg BT 186.71 725.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 251.62 725.25 Td ( REVENUES ) Tj ET Q q 0 0 0 rg BT 310.53 725.25 Td (AND CER) Tj ET Q q 0 0 0 rg BT 355.46 725.25 Td (T) Tj ET Q q 0 0 0 rg BT 361.38 725.25 Td (AIN OPERA) Tj ET Q q 0 0 0 rg BT 416.48 725.25 Td (TING EXPENSES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 91.65 713.25 Td (For) Tj ET Q q 0 0 0 rg BT 107.02 713.25 Td ( the Nine Months Ended September) Tj ET Q q 0 0 0 rg BT 259.34 713.25 Td ( 30, 2012 \(Unaudited\) and the ) Tj ET Q q 0 0 0 rg BT 387.60 713.25 Td (Y) Tj ET Q q 0 0 0 rg BT 393.71 713.25 Td (ear) Tj ET Q q 0 0 0 rg BT 407.41 713.25 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 483.32 713.25 Td ( 31, 201) Tj ET Q q 0 0 0 rg BT 515.27 713.25 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (\(1\)Organization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 665.25 Td (On December 22, 201) Tj ET Q q 0 0 0 rg BT 150.93 665.25 Td (1,a subsidiary of Hines Global REIT) Tj ET Q q 0 0 0 rg BT 299.33 665.25 Td (, Inc. \(the Company\) entered into a purchase agreement for) Tj ET Q q 0 0 0 rg BT 544.10 665.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (Distribution Park Sosnowiec, a logistics facility located in Katowice, Poland. On March 29, 2012, the preliminary purchase agreement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (for the acquisition of Distribution Park Sosnowiecwas amended to add certain additional closing conditions to the purchaser's ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (obligation to acquire the asset and the closing of such asset was delayed pending the satisfaction of these closing conditions.) Tj ET Q q 0 0 0 rg BT 535.42 629.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Company completed the acquisition of Distribution Park Sosnowiec on October 10, 2012, after the completion of these closing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (conditions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 581.25 Td (Distribution Park Sosnowiec was constructed in 2005 and consists of 506,980 square feet of rentable area that is 100% leased to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (five tenants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (\(2\)Basis of Pr) Tj ET Q q 0 0 0 rg BT 98.59 545.25 Td (esentation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 521.25 Td (The statements of revenues and certain operating expenses \(the Historical Summary\) has been prepared for the purpose of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (complying with the provisions of ) Tj ET Q q 0 0 0 rg BT 170.72 509.25 Td (Article 3-14 of Regulation S-X promulgated by the Securities and Exchange Commission \(the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (SEC\), which requires certain information with respect to real estate operations to be included with certain filings with the SEC.) Tj ET Q q 0 0 0 rg BT 556.22 497.25 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (Historical Summary includes the historical revenues and operating expenses of Distribution Park Sosnowiec, exclusive of interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (expense, depreciation and amortization and management fees, and other nonrecurring owner specific expenses, which may not be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (comparable to the corresponding amounts reflected in the future operations of Distribution Park Sosnowiec.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 437.25 Td (The statement of revenues and certain operating expenses and notes thereto for the nine months ended September 30, 2012 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (included in this report is unaudited. In the opinion of management, all adjustments necessary for a fair presentation of such statement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (of revenues and certain operating expenses have been included. Such adjustments consisted of normal recurring items. Interim results ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (are not necessarily indicative of results for a full year) Tj ET Q q 0 0 0 rg BT 248.42 401.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 377.25 Td (In preparing the accompanying financial statements, we evaluated events and transactions that occurred subsequent to December ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (31, 201) Tj ET Q q 0 0 0 rg BT 65.63 365.25 Td (1, through the date that the accompanying financial statements were available tobe issued on December 14, 2012.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (\(3\)Use of Estimates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 317.25 Td (The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (America requires management to make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 329.33 305.25 Td (fect the reported amounts of revenues and expenses during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (the reporting period.) Tj ET Q q 0 0 0 rg BT 122.37 293.25 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 215.78 293.25 Td (fer from those estimates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 281.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 269.25 Td (\(4\) Significant ) Tj ET Q q 0 0 0 rg BT 100.73 269.25 Td (Accounting Policies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td () Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 245.25 Td (\(a\)Revenue Recognition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 221.25 Td (Distribution Park Sosnowiec's operations consist of rentalrevenue earned from tenants under leasing arrangements which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (generally provide for minimum rents, escalations, and char) Tj ET Q q 0 0 0 rg BT 271.58 209.25 Td (ges to tenants for their pro rata share of real estate taxes and operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (expenses.) Tj ET Q q 0 0 0 rg BT 79.42 197.25 Td (The tenant leases have been accounted for as operating leases.Rental revenue is recognized by amortizing the aggregate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (lease payments on the straight-line basis over the entire terms of the leases, which resulted in a decrease to rentalrevenue contractual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (rent of $36,292 for the nine months ended September 30, 2012 and an excess of contractual rent of $308,297 for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (December 31, 201) Tj ET Q q 0 0 0 rg BT 109.21 161.25 Td (1.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 137.25 Td (\(b\)Repairs and Maintenance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 113.25 Td (Expenditures for repairs and maintenance are expensed as incurred.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 91.25 Td (\(c\)International Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 67.25 Td (The Polish zloty \(PLN\) is the functional currency for Distribution Park Sosnowiec.) Tj ET Q q 0 0 0 rg BT 399.86 67.25 Td (The Historical Summary of Distribution ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 55.25 Td (Park Sosnowiec has been translated into U.S. dollars for reporting purposes using the average exchange rate for the period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 43.25 Td () Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 221.90 749.25 Td (DISTRIBUTION P) Tj ET Q q 0 0 0 rg BT 303.68 749.25 Td (ARK SOSNOWIEC) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 254.20 737.25 Td (KA) Tj ET Q q 0 0 0 rg BT 268.46 737.25 Td (T) Tj ET Q q 0 0 0 rg BT 274.95 737.25 Td (OWICE, POLAND) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 115.75 725.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 151.97 725.25 Td (T) Tj ET Q q 0 0 0 rg BT 158.46 725.25 Td (O ST) Tj ET Q q 0 0 0 rg BT 180.23 725.25 Td (A) Tj ET Q q 0 0 0 rg BT 186.71 725.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 251.62 725.25 Td ( REVENUES ) Tj ET Q q 0 0 0 rg BT 310.53 725.25 Td (AND CER) Tj ET Q q 0 0 0 rg BT 355.46 725.25 Td (T) Tj ET Q q 0 0 0 rg BT 361.38 725.25 Td (AIN OPERA) Tj ET Q q 0 0 0 rg BT 416.48 725.25 Td (TING EXPENSES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 91.65 713.25 Td (For) Tj ET Q q 0 0 0 rg BT 107.02 713.25 Td ( the Nine Months Ended September) Tj ET Q q 0 0 0 rg BT 259.34 713.25 Td ( 30, 2012 \(Unaudited\) and the ) Tj ET Q q 0 0 0 rg BT 387.60 713.25 Td (Y) Tj ET Q q 0 0 0 rg BT 393.71 713.25 Td (ear) Tj ET Q q 0 0 0 rg BT 407.41 713.25 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 483.32 713.25 Td ( 31, 201) Tj ET Q q 0 0 0 rg BT 515.27 713.25 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (\(5\)Rental Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 665.25 Td (The aggregate annual minimum cash payments to be received on the noncancelable operating leases in ef) Tj ET Q q 0 0 0 rg BT 475.04 665.25 Td (fect as of December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (201) Tj ET Q q 0 0 0 rg BT 50.63 653.25 Td (1 are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 616.75 429.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 616.75 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 616.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 616.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 588.75 429.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 588.75 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 588.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 588.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 560.75 429.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 560.75 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 560.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 560.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 532.75 429.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 532.75 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 532.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 532.75 85.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 616.75 m 464.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 616.75 m 490.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 616.75 m 575.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 532.75 m 490.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 532.75 m 575.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 519.75 m 490.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 517.75 m 490.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 519.75 m 575.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 517.75 m 575.5 517.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 621.32 Td (Year ending December 31:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 621.32 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 509.95 621.43 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 607.32 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 607.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.00 607.32 Td ($2,193,156) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 593.32 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 593.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 593.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 593.32 Td (2,055,644) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 579.32 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 579.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 579.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 579.32 Td (1,300,735) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 565.32 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 565.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 565.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.15 565.32 Td (189,611) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 551.32 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 551.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 551.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 561.65 551.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 537.32 Td (Thereafter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 537.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 537.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 561.65 537.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 523.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 523.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.00 523.32 Td ($5,739,146) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 509.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 509.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 509.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 509.32 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 493.25 Td () Tj ET Q q 0 0 0 rg BT 56.32 493.25 Td (T) Tj ET Q q 0 0 0 rg BT 61.73 493.25 Td (otal minimumfuture rental revenuerepresents the base rent that tenants are required to pay under the terms of their leases in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 481.25 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 481.25 Td (fect at December 31, 201) Tj ET Q q 0 0 0 rg BT 144.00 481.25 Td (1 exclusive of char) Tj ET Q q 0 0 0 rg BT 219.62 481.25 Td (ges for contingent rents, operating expenses and real estate taxes.) Tj ET Q q 0 0 0 rg BT 485.18 481.25 Td (There were no ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 469.25 Td (significant contingent rents during the year ended December 31, 201) Tj ET Q q 0 0 0 rg BT 309.98 469.25 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 457.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 445.25 Td (Of the total rental revenue for the year ended December 31, 201) Tj ET Q q 0 0 0 rg BT 309.63 445.25 Td (1, 37% was earned from two tenants in the distribution industry ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 433.25 Td (whose leases expire in 2014 and 2015, 35% was earned from a tenant in the supply chain industry whose lease expires in 2014, 18% ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 421.25 Td (was earned from a tenant in the manufacturing industry whose lease expires in 2017 and 10% was earned from a tenant in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 409.25 Td (warehousing industry whose lease expires in 2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.00 385.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.50 373.25 Td (* * * * *) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.50 730.10 Td (HINES GLOBAL) Tj ET Q q 0 0 0 rg BT 322.36 730.10 Td ( REIT) Tj ET Q q 0 0 0 rg BT 348.57 730.10 Td (, INC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 143.10 718.10 Td (UNAUDITED PRO FORMA) Tj ET Q q 0 0 0 rg BT 266.99 718.10 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 329.31 718.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 408.49 718.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 422.48 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 428.96 718.10 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 694.10 Td (Hines Global REIT) Tj ET Q q 0 0 0 rg BT 131.02 694.10 Td (, Inc. \(Hines Global\) and, together with Hines Global REIT) Tj ET Q q 0 0 0 rg BT 377.44 694.10 Td ( Properties, LP) Tj ET Q q 0 0 0 rg BT 436.78 694.10 Td ( \(the Operating Partnership\), \(the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td (Company\) made the following acquisitions since January 1, 201) Tj ET Q q 0 0 0 rg BT 301.40 682.10 Td (1:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 658.60 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.00 658.60 130.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 658.60 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 630.60 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.00 630.60 130.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 630.60 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 602.60 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.00 602.60 130.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 602.60 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 574.60 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.00 574.60 130.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 574.60 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 546.60 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.00 546.60 130.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 546.60 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 518.60 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.00 518.60 130.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 518.60 188.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 658.6 m 253 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 658.6 m 383 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 658.6 m 571 658.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 662.33 Td (Property Name) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 276.65 662.33 Td (Date of Acquisition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.75 662.33 Td (Net Purchase Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 649.17 Td (Stonecutter Court) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.05 649.17 Td (March 11, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.05 649.17 Td ($145.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 635.17 Td (FM Logistic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.35 635.17 Td (April 27, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.55 635.17 Td ($70.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 621.17 Td (Gogolevsky 11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.45 621.17 Td (August 25, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.55 621.17 Td ($96.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 607.17 Td (250 Royall Street) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.05 607.17 Td (September 9, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.55 607.17 Td ($57.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 593.17 Td (Campus at Marlborough) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.80 593.17 Td (October 28, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.05 593.17 Td ($103.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 579.17 Td (Fisher Plaza) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.35 579.17 Td (December 15, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.05 579.17 Td ($160.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 565.17 Td (9320 Excelsior Boulevard) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.35 565.17 Td (December 27, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.55 565.17 Td ($69.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 551.17 Td (Poland Logistics Portfolio \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.70 551.17 Td (March 29, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.05 551.17 Td ($157.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 537.17 Td (144 Montague) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.15 537.17 Td (April 16, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.55 537.17 Td ($91.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 523.17 Td (100 Brookes Street) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.40 523.17 Td (July 13, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.55 523.17 Td ($67.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 509.17 Td (Minneapolis Retail Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.80 509.17 Td (August 1, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.05 509.17 Td ($125.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 495.17 Td (550 ) Tj ET Q q 0 0 0 rg BT 68.82 495.17 Td (T) Tj ET Q q 0 0 0 rg BT 74.23 495.17 Td (erry Francois) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.30 495.17 Td (August 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.05 495.17 Td ($180.0 million) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 479.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 467.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 52.48 467.10 Td (The net contract purchase price for four logistics facilities was 98.6 million \(approximately $131.3 million based on a rate of $1.33 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 455.10 Td (per Euro as of the transaction date\), exclusive of transaction costs and working capital reserves. On October 10, 2012, a subsidiary of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 443.10 Td (the Company acquired a fifth logistics facility) Tj ET Q q 0 0 0 rg BT 219.19 443.10 Td (, Distribution Park Sosnowiec. ) Tj ET Q q 0 0 0 rg BT 346.50 443.10 Td (The contract purchase price was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.83 443.10 Td (19.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.72 443.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 431.10 Td (\(approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.59 431.10 Td ($25.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.48 431.10 Td ( based on a rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.00 431.10 Td ($1.29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.50 431.10 Td ( per Euro as of the transaction date\), exclusive of transaction costs and working ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 419.10 Td (capital reserves. ) Tj ET Q q 0 0 0 rg BT 105.23 419.10 Td (The Company refers to all five of these logistics facilities located in Poland, collectively) Tj ET Q q 0 0 0 rg BT 457.81 419.10 Td (, as the Poland Logistics ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 407.10 Td (Portfolio.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 383.10 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 383.10 Td (The unaudited pro forma consolidated balance sheet assumes that the acquisition of Distribution Park Sosnowiec occurred on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 371.10 Td (September30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.26 371.10 Td ( and the unaudited pro forma consolidated statements of operations assume that all acquisitions described above ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 359.10 Td (occurred on January1, 201) Tj ET Q q 0 0 0 rg BT 144.20 359.10 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 335.10 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 335.10 Td (In management's opinion, all adjustments necessary to reflect the ef) Tj ET Q q 0 0 0 rg BT 324.42 335.10 Td (fects of these acquisitions have been made. ) Tj ET Q q 0 0 0 rg BT 499.18 335.10 Td (The unaudited pro ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 323.10 Td (forma consolidated statements of operations are not necessarily indicative of what actual results of operations would have been had the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 311.10 Td (Company made these acquisitions on the first day of the period presented, nor does it purport to represent the results of operations for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 299.10 Td (future periods.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 275.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 263.10 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 585.00 241.50 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 36.00 231.90 Td ( ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.50 742.25 Td (HINES GLOBAL) Tj ET Q q 0 0 0 rg BT 322.36 742.25 Td ( REIT) Tj ET Q q 0 0 0 rg BT 348.57 742.25 Td (, INC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 163.55 730.25 Td (UNAUDITED PRO FORMA) Tj ET Q q 0 0 0 rg BT 287.44 730.25 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 349.76 730.25 Td (TED BALANCE SHEET) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 256.55 718.25 Td (As of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 280.99 718.25 Td (September) Tj ET Q q 0 0 0 rg BT 326.91 718.25 Td (30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 222.60 706.25 Td (\(In thousands, except per) Tj ET Q q 0 0 0 rg BT 330.21 706.25 Td ( shar) Tj ET Q q 0 0 0 rg BT 351.42 706.25 Td (e amounts\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 649.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 649.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 649.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 649.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 649.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 649.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 649.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 649.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 621.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 621.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 621.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 621.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 621.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 621.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 621.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 621.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 593.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 593.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 593.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 593.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 593.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 593.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 593.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 593.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 565.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 565.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 565.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 565.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 565.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 565.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 565.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 565.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 537.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 537.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 537.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 537.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 537.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 537.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 537.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 537.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 509.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 509.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 509.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 509.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 509.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 509.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 509.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 509.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 481.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 481.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 481.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 481.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 481.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 481.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 481.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 481.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 453.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 453.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 453.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 453.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 453.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 453.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 453.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 453.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 425.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 425.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 425.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 425.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 425.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 425.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 425.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 425.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 397.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 397.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 397.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 397.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 397.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 397.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 397.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 397.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 369.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 369.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 369.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 369.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 369.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 369.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 369.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 369.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 341.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 341.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 341.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 341.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 341.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 341.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 341.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 341.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 313.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 313.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 313.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 313.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 313.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 313.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 313.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 313.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 285.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 285.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 285.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 285.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 285.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 285.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 285.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 285.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 257.75 216.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 257.75 6.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 257.75 99.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 257.75 5.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 257.75 111.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 257.75 29.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 257.75 5.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 257.75 78.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 193.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 193.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 193.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 193.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 193.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 193.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 193.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 193.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 165.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 165.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 165.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 165.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 165.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 165.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 165.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 165.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 137.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 137.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 137.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 137.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 137.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 137.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 137.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 137.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 109.75 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 109.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 109.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 109.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 109.75 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 109.75 29.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 109.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 109.75 78.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 663.75 m 356.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 663.75 m 472.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 663.75 m 584.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 495.75 m 356.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 495.75 m 472.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 495.75 m 584.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 482.75 m 356.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 480.75 m 356.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 482.75 m 472.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 480.75 m 472.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 482.75 m 584.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 480.75 m 584.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 341.75 m 356.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 341.75 m 472.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 341.75 m 584.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 151.75 m 356.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 151.75 m 472.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 151.75 m 584.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 137.75 m 356.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 137.75 m 472.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 137.75 m 584.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 123.75 m 356.5 123.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 123.75 m 472.5 123.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 123.75 m 584.5 123.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 109.75 m 356.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 109.75 m 472.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 109.75 m 584.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 96.75 m 356.5 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 94.75 m 356.5 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 96.75 m 472.5 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 94.75 m 472.5 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 96.75 m 584.5 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 94.75 m 584.5 94.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 668.21 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 264.75 668.43 Td (September 30, 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.20 686.20 Td (Adjustments for) Tj ET Q q 0 0 0 rg BT 447.78 686.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.35 677.20 Td (Distribution Park ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.85 668.20 Td (Sosnowiec ) Tj ET Q q 0 0 0 rg BT 415.11 668.20 Td (Acquisition) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 668.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.95 668.20 Td (Pro Forma) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 126.20 654.20 Td (ASSETS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 654.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 640.21 Td (Investment property, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.00 640.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.00 640.21 Td (1,440,105) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 640.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.25 640.21 Td (22,614) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 640.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 640.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.00 640.21 Td (1,462,719) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 626.21 Td (Investment in unconsolidated entities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.75 626.21 Td (3,573) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 626.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.75 626.21 Td (3,573) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 612.21 Td (Cash and cash equivalents) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 612.21 Td (72,007) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.25 612.21 Td (\(10,175) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 612.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 612.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 612.21 Td (61,832) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 598.21 Td (Restricted cash) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.75 598.21 Td (8,410) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 598.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 598.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.75 598.21 Td (8,410) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 584.21 Td (Derivative instruments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.75 584.21 Td (3,360) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 584.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.75 584.21 Td (3,360) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 570.21 Td (Tenant and other receivables) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 570.21 Td (22,597) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 570.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 570.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 570.21 Td (22,597) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 556.21 Td (Intangible lease assets, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 556.21 Td (400,114) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.75 556.21 Td (3,389) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 556.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.75 556.21 Td (403,503) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 542.21 Td (Deferred leasing costs, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.75 542.21 Td (5,005) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 542.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 542.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.75 542.21 Td (5,005) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 528.21 Td (Deferred financing costs, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 528.21 Td (11,527) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 528.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 528.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 528.21 Td (11,527) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 514.21 Td (Real estate loans receivable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 514.21 Td (30,073) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 514.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 514.21 Td (30,073) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 500.21 Td (Other assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.75 500.21 Td (8,694) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.75 500.21 Td (\(1,020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 500.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 500.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.75 500.21 Td (7,674) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 486.20 Td (Total Assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.00 486.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.00 486.21 Td (2,005,465) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 486.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.25 486.21 Td (14,808) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 486.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 486.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.00 486.21 Td (2,020,273) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.85 472.20 Td (LIABILITIES AND EQUITY) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 472.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 472.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 472.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 472.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 458.20 Td (Liabilities:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 458.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 458.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 458.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 458.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 444.21 Td (Accounts payable and accrued expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 444.21 Td (36,670) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 444.21 Td (73) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 444.21 Td (\(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 444.21 Td (36,743) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 430.21 Td (Due to affiliates) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.75 430.21 Td (6,449) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 430.21 Td (579) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 430.21 Td (\(c\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.75 430.21 Td (7,028) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 416.21 Td (Intangible lease liabilities, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 416.21 Td (28,139) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 416.21 Td (285) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 416.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 416.21 Td (28,424) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 402.21 Td (Other liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 402.21 Td (15,539) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 402.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 402.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 402.21 Td (15,539) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 388.21 Td (Derivative instruments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 388.21 Td (16,785) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 388.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 388.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 388.21 Td (16,785) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 374.21 Td (Distributions payable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 374.21 Td (10,281) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 374.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 374.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 374.21 Td (10,281) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 360.21 Td (Notes payable to af) Tj ET Q q 0 0 0 rg BT 107.56 360.21 Td (filiates) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 360.21 Td (21,026) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 360.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 360.21 Td (21,026) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 346.21 Td (Notes payable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 346.21 Td (964,473) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.25 346.21 Td (14,523) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 346.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.75 346.21 Td (978,996) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 332.20 Td (Total liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.00 332.21 Td (1,099,362) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.25 332.21 Td (15,460) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 332.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.00 332.21 Td (1,114,822) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 318.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 318.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 318.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 318.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 318.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 304.21 Td (Commitments and Contingencies) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.00 304.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 304.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 304.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 572.00 304.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 290.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 290.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 290.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 290.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 290.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 276.20 Td (Equity:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 276.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 276.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 276.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 276.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 262.21 Td (Stockholders' equity:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 262.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 262.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 262.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 262.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 248.21 Td (Preferred shares, $.001par value; 500,000 preferred ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 239.21 Td (shares authorized, none issued or outstanding as ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 230.21 Td (ofSeptember 30, 2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.00 230.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 230.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 230.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 572.00 230.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 216.21 Td (Common shares, $.001par value; 1,500,000 common ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 207.21 Td (shares authorized, 124,959 common shares issued and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 198.21 Td (outstanding as ofSeptember 30, 2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.50 198.21 Td (125) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 198.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 567.50 198.21 Td (125) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 184.21 Td (Additional paid-in capital) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 184.21 Td (997,841) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 184.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.75 184.21 Td (997,841) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 170.21 Td (Accumulated deficit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.75 170.21 Td (\(114,786) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 170.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.50 170.21 Td (\(652) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 170.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 170.21 Td (\(b\)\(c\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.75 170.21 Td (\(115,438) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 170.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 156.21 Td (Accumulated other comprehensive income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.25 156.21 Td (\(13,013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 156.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 156.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 156.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.25 156.21 Td (\(13,013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 156.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 142.21 Td (Total stockholders' equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 142.21 Td (870,167) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.50 142.21 Td (\(652) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 142.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 142.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.75 142.21 Td (869,515) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 128.21 Td (Noncontrolling interests) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 128.21 Td (35,936) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 128.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 128.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 128.21 Td (35,936) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 114.20 Td (T) Tj ET Q q 0 0 0 rg BT 43.18 114.20 Td (otal equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 114.21 Td (906,103) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.50 114.21 Td (\(652) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 114.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 114.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.75 114.21 Td (905,451) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 100.20 Td (Total Liabilities and Equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.00 100.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.00 100.21 Td (2,005,465) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 100.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.25 100.21 Td (14,808) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 100.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 100.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.00 100.21 Td (2,020,273) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.35 72.25 Td (See notes to unaudited pro forma consolidated balance sheet and notes to unaudited pro forma consolidated financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.50 60.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 48.25 Td () Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.25 742.25 Td (Notes to Unaudited Pr) Tj ET Q q 0 0 0 rg BT 225.34 742.25 Td (o Forma Consolidated Balance Sheet as of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 407.28 742.25 Td (September) Tj ET Q q 0 0 0 rg BT 453.20 742.25 Td (30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 706.25 Td (Adjustments for) Tj ET Q q 0 0 0 rg BT 105.54 706.25 Td ( Distribution Park Sosnowiec) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 682.25 Td (\(a\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 682.25 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 682.25 Td (fect of the Company's acquisition of Distribution Park Sosnowiec assuming it had occurred on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 670.25 Td (September30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.26 670.25 Td (. Investment property and intangible lease assets and liabilities were recorded at fair value. Pro forma ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 658.25 Td (adjustments related to these amounts are preliminary and subject to change.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 634.25 Td (\(b\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 634.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 634.25 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 634.25 Td (fect of the Company's acquisition expenses related to the acquisition of Distribution Park Sosnowiec.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 610.25 Td (\(c\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 610.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 610.25 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 610.25 Td (fect of the Company's 2.25% acquisition fee related to the acquisition of Distribution Park ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 598.25 Td (Sosnowiec.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 574.25 Td (\(d\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 574.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 574.25 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 574.25 Td (fect of the additional borrowings made on the Poland Logistics Portfolio secured credit facility to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 562.25 Td (complete the acquisition of Distribution Park Sosnowiec. ) Tj ET Q q 0 0 0 rg BT 305.02 562.25 Td (Additional borrowings were made in the amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.75 562.25 Td (1) Tj ET Q q 0 0 0 rg BT 522.38 562.25 Td (1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 566.27 562.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 550.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 550.25 Td ($14.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.22 550.25 Td ( based on a rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.74 550.25 Td ($1.29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.24 550.25 Td ( on the transaction date\) at a variable interest rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.42 550.25 Td (2.93%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.25 550.25 Td ( in ef) Tj ET Q q 0 0 0 rg BT 483.62 550.25 Td (fect on the transaction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 538.25 Td (date. See See Note 5 - Debt Financing in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.73 538.25 Td (September30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.99 538.25 Td ( 10-Q for additional information regarding the Poland ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 526.25 Td (Logistics Portfolio's secured credit facility) Tj ET Q q 0 0 0 rg BT 240.89 526.25 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 585.00 444.65 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 36.00 435.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 411.05 Td () Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.50 742.25 Td (HINES GLOBAL) Tj ET Q q 0 0 0 rg BT 322.36 742.25 Td ( REIT) Tj ET Q q 0 0 0 rg BT 348.57 742.25 Td (, INC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.35 730.25 Td (UNAUDITED PRO FORMA) Tj ET Q q 0 0 0 rg BT 257.24 730.25 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.56 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 354.11 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 360.59 730.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 403.75 730.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 419.77 730.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 456.52 730.25 Td (TIONS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 207.90 718.25 Td (For) Tj ET Q q 0 0 0 rg BT 223.27 718.25 Td ( theNine Months Ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.67 718.25 Td (September) Tj ET Q q 0 0 0 rg BT 375.59 718.25 Td (30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 222.60 706.25 Td (\(In thousands, except per) Tj ET Q q 0 0 0 rg BT 330.21 706.25 Td ( shar) Tj ET Q q 0 0 0 rg BT 351.42 706.25 Td (e amounts\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 642.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 642.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 642.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 642.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 642.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 642.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 642.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 642.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 642.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 614.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 614.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 614.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 614.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 614.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 614.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 614.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 614.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 614.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 586.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 586.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 586.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 586.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 586.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 586.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 586.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 586.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 586.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 558.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 558.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 558.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 558.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 558.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 558.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 558.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 558.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 558.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 530.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 530.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 530.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 530.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 530.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 530.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 530.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 530.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 530.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 502.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 502.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 502.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 502.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 502.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 502.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 502.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 502.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 502.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 474.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 474.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 474.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 474.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 474.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 474.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 474.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 474.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 474.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 437.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 437.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 437.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 437.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 437.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 437.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 437.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 437.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 437.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 409.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 409.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 409.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 409.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 409.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 409.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 409.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 409.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 409.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 381.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 381.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 381.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 381.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 381.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 381.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 381.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 381.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 381.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 344.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 344.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 344.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 344.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 344.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 344.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 344.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 344.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 344.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 316.75 206.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 316.75 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 316.75 92.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 316.75 10.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 316.75 76.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 316.75 27.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 316.75 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 316.75 17.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 316.75 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 270.75 206.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 270.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 270.75 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 270.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 270.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 270.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 270.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 270.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 270.75 53.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 642.75 m 338.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 642.75 m 424.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 642.75 m 514.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 642.75 m 584.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 600.75 m 338.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 600.75 m 424.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 600.75 m 514.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 600.75 m 584.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 474.75 m 338.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 474.75 m 424.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 474.75 m 514.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 474.75 m 584.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 460.75 m 338.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 460.75 m 424.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 460.75 m 514.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 460.75 m 584.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 367.75 m 338.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 367.75 m 424.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 367.75 m 514.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 367.75 m 584.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 344.75 m 338.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 344.75 m 424.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 344.75 m 514.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 344.75 m 584.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 330.75 m 338.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 330.75 m 424.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 330.75 m 514.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 330.75 m 584.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 316.75 m 338.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 316.75 m 424.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 316.75 m 514.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 316.75 m 584.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 293.75 m 338.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 293.75 m 424.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 293.75 m 514.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 293.75 m 584.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 271.75 m 338.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 269.75 m 338.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 271.75 m 424.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 269.75 m 424.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 271.75 m 514.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 269.75 m 514.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 271.75 m 584.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 269.75 m 584.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 257.75 m 338.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 255.75 m 338.5 255.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 257.75 m 424.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 255.75 m 424.5 255.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 257.75 m 514.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 255.75 m 514.5 255.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 257.75 m 584.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 255.75 m 584.5 255.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 243.75 m 338.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 241.75 m 338.5 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 243.75 m 424.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 241.75 m 424.5 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 255.75 m 514.5 255.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 257.75 m 514.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 243.75 m 514.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 241.75 m 514.5 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 243.75 m 584.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 241.75 m 584.5 241.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.45 656.20 Td (Nine Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.45 647.20 Td (September 30, 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.70 674.20 Td (Adjustments for) Tj ET Q q 0 0 0 rg BT 417.28 674.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.85 665.20 Td (Distribution Park ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.20 656.20 Td (Sosnowiec ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 363.95 647.20 Td (Acquisition) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.05 656.20 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.95 647.20 Td (Adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 647.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.20 647.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.70 647.21 Td (Pr) Tj ET Q q 0 0 0 rg BT 548.03 647.21 Td (o Forma) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 633.20 Td (Revenues:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 633.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.00 633.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 633.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.00 633.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 633.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 619.21 Td (Rental revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.00 619.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.75 619.21 Td (121,244) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.00 619.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.75 619.21 Td (2,458) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 619.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.00 619.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 619.21 Td (31,848) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 619.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.00 619.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.75 619.21 Td (155,550) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 605.21 Td (Other revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.75 605.21 Td (8,706) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 605.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.75 605.21 Td (1,433) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 605.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 605.21 Td (10,139) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 591.21 Td (Total revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.75 591.21 Td (129,950) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 591.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.75 591.21 Td (2,458) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 591.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 591.21 Td (33,281) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 591.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.75 591.21 Td (165,689) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 577.20 Td (Expenses:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.00 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.00 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.00 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.00 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 563.21 Td (Property operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.25 563.21 Td (28,140) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.50 563.21 Td (520) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 563.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.75 563.21 Td (5,180) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 563.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 563.21 Td (33,840) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 549.21 Td (Real property taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.25 549.21 Td (11,380) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.50 549.21 Td (319) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 549.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.75 549.21 Td (3,373) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 549.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 549.21 Td (15,072) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 535.21 Td (Property management fees) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.75 535.21 Td (2,748) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 535.21 Td (74) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 535.21 Td (\(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.50 535.21 Td (774) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 535.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.75 535.21 Td (3,596) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 521.21 Td (Depreciation and amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.25 521.21 Td (60,602) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.75 521.21 Td (1,311) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 521.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 521.21 Td (15,734) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 521.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 521.21 Td (77,647) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 507.21 Td (Acquisition related expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.25 507.21 Td (11,577) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 507.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 507.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.25 507.21 Td (\(11,491) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.00 507.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 507.21 Td (\(e\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 572.00 507.21 Td (86) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 493.21 Td (Asset management and acquisition fees) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.25 493.21 Td (19,427) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 493.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.25 493.21 Td (\(15,485) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.00 493.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 493.21 Td (\(f\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.75 493.21 Td (3,942) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 479.21 Td (General and administrative expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.75 479.21 Td (2,650) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.75 479.21 Td (2,650) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 465.21 Td (Total expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.75 465.21 Td (136,524) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.75 465.21 Td (2,224) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.75 465.21 Td (\(1,915) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.00 465.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.75 465.21 Td (136,833) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 451.20 Td (Income \(loss\) befor) Tj ET Q q 0 0 0 rg BT 111.32 451.20 Td (e other) Tj ET Q q 0 0 0 rg BT 137.90 451.20 Td ( income \(expenses\) and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 442.20 Td (benefit \(pr) Tj ET Q q 0 0 0 rg BT 78.58 442.20 Td (ovision\) for) Tj ET Q q 0 0 0 rg BT 122.16 442.20 Td ( income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.75 442.21 Td (\(6,574) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 442.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 442.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.50 442.21 Td (234) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 442.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 442.21 Td (35,196) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 442.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.25 442.21 Td (28,856) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 428.20 Td (Other income \(expenses\):) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 414.21 Td (Gain \(loss\) on derivative instruments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.50 414.21 Td (427) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 414.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 414.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 414.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 414.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 567.50 414.21 Td (427) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 400.21 Td (Other gains \(losses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.50 400.21 Td (446) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 400.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 400.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 400.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 400.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 567.50 400.21 Td (446) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 386.21 Td (Interest expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.25 386.21 Td (\(26,912) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 386.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.50 386.21 Td (\(319) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 386.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 386.21 Td (\(c\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.75 386.21 Td (\(5,698) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.00 386.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 386.21 Td (\(g\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.25 386.21 Td (\(32,929) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 386.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 372.21 Td (Interest income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.00 372.21 Td (55) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 372.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 372.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 372.21 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 372.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 572.00 372.21 Td (68) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 358.20 Td (Income \(loss\) befor) Tj ET Q q 0 0 0 rg BT 111.32 358.20 Td (e benefit \(pr) Tj ET Q q 0 0 0 rg BT 158.15 358.20 Td (ovision\) for) Tj ET Q q 0 0 0 rg BT 201.73 358.20 Td ( income ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 349.20 Td (taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.25 349.21 Td (\(32,558) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 349.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 349.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.00 349.21 Td (\(85) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 349.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 349.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 349.21 Td (29,511) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 349.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.75 349.21 Td (\(3,132) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 349.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 335.21 Td (Benefit \(provision\) for income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.50 335.21 Td (154) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 335.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 335.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 335.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 335.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 567.50 335.21 Td (154) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 321.20 Td (Net income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.25 321.21 Td (\(32,404) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 321.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 321.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.00 321.21 Td (\(85) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 321.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 321.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 321.21 Td (29,511) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 321.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.75 321.21 Td (\(2,978) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 321.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 307.21 Td (Net \(income\) loss attributable to noncontrolling) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 298.21 Td (interests) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.50 298.21 Td (508) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 298.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 298.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 298.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 298.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 298.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 567.50 298.21 Td (508) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 284.20 Td (Net income \(loss\) attributable to common) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 275.20 Td (stockholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.00 275.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.25 275.21 Td (\(31,896) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 275.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 275.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.00 275.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.00 275.21 Td (\(85) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 275.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 275.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.00 275.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 275.21 Td (29,511) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 275.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.00 275.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.75 275.21 Td (\(2,470) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 275.21 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 38.00 261.20 Td (Basic and diluted income \(loss\) per) Tj ET Q q 0 0 0 rg BT 171.59 261.20 Td ( common shar) Tj ET Q q 0 0 0 rg BT 225.93 261.20 Td (e:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.00 261.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 316.25 261.21 Td (\(0.30) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 261.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 261.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 261.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 261.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.00 261.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 562.25 261.21 Td (\(0.02) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 581.00 261.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 247.21 Td (Weighted average number common shares outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.75 247.21 Td (105,985) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 247.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 247.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.00 247.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.75 247.21 Td (1,431) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.00 247.21 Td (\(h\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.75 247.21 Td (107,416) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.05 219.25 Td (See notes to unaudited pro forma consolidated statement of operations and notes to unaudited pro forma consolidated financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.10 207.25 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 183.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 585.00 173.65 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 36.00 164.05 Td ( ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.50 730.10 Td (Notes to Unaudited Pr) Tj ET Q q 0 0 0 rg BT 241.59 730.10 Td (o Forma Consolidated Statement of Operations for) Tj ET Q q 0 0 0 rg BT 458.61 730.10 Td ( the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 224.75 718.10 Td (Nine MonthsEnded ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 312.83 718.10 Td (September) Tj ET Q q 0 0 0 rg BT 358.74 718.10 Td (30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 682.10 Td (\(a\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 682.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 682.10 Td (fect of the Company's acquisition of Distribution Park Sosnowiec based on its historical results ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 670.10 Td (ofoperationsassuming that the acquisition had occurred on January1, 201) Tj ET Q q 0 0 0 rg BT 371.00 670.10 Td (1. Depreciation and amortization was calculated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 658.10 Td (based on the fair values of the investment property and intangible lease assets and liabilities, which are preliminary and subject ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 646.10 Td (to change.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 622.10 Td (\(b\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 622.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 622.10 Td (fect of the Company's 3.0% property management fee assuming that the acquisition of Distribution ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 610.10 Td (Park Sosnowiec had occurred on January 1, 201) Tj ET Q q 0 0 0 rg BT 263.80 610.10 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 586.10 Td (\(c\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 586.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 586.10 Td (fect of interest expense on the addtional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.34 586.10 Td (1) Tj ET Q q 0 0 0 rg BT 348.97 586.10 Td (1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.86 586.10 Td ( \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.69 586.10 Td ($14.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.59 586.10 Td ( based on a rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.11 586.10 Td ($1.29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.61 586.10 Td ( on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 574.10 Td (transaction date\) borrowings made on the Poland Logistics Portfolio's secured credit facility to acquire Distribution Park ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 562.10 Td (Sosnowiec. ) Tj ET Q q 0 0 0 rg BT 122.65 562.10 Td (The interest rate on the secured credit facility was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.50 562.10 Td (2.93%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.33 562.10 Td ( as of the date of acquisition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 538.10 Td (\(d\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 538.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 538.10 Td (fect of the Company's acquisitions of the first four industrial properties in the Poland Logistics ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 526.10 Td (Portfolio, 144 Montague, 100 Brookes Street, the Minneapolis Retail Center and 550 ) Tj ET Q q 0 0 0 rg BT 414.27 526.10 Td (T) Tj ET Q q 0 0 0 rg BT 419.68 526.10 Td (erry Francois based on their historical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 514.10 Td (results ofoperationsassuming that the acquisitions had occurred on January1, 201) Tj ET Q q 0 0 0 rg BT 403.50 514.10 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 490.10 Td (\(e\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 490.10 Td (o eliminate the ef) Tj ET Q q 0 0 0 rg BT 146.92 490.10 Td (fect of non-recurring acquisition expenses recordedin relationto the Company's acquisitions listed in \(d\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 478.10 Td (above.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 454.10 Td (\(f\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 454.10 Td (o eliminate the ef) Tj ET Q q 0 0 0 rg BT 146.92 454.10 Td (fect of the non-recurring acquisition fees recordedin relationto the Company's acquisitions listed in \(d\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 442.10 Td (above. No pro forma adjustments were made in relation to the 1.5% asset management fee.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 418.10 Td (\(g\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 418.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 418.10 Td (fect of the Company's interest expense assuming that the Company had permanent financing in place ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 406.10 Td (as of January 1, 201) Tj ET Q q 0 0 0 rg BT 151.89 406.10 Td (1 related to its acquisitions of its first four industrial properties in the Poland Logistics Portfolio, 144 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 394.10 Td (Montague, 100 Brookes Street, and the Minneapolis Retail Center) Tj ET Q q 0 0 0 rg BT 335.84 394.10 Td (. See Note 5 - Debt Financing in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.47 394.10 Td (September30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.74 394.10 Td ( 10-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 382.10 Td (Q for additional information regarding the Company's financing activity) Tj ET Q q 0 0 0 rg BT 360.30 382.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 358.10 Td (\(h\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 358.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 358.10 Td (fect of the proceeds required from the issuance of shares of the Company's common stock to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 346.10 Td (complete the acquisitions described in \(a\) and \(d\) above, less amounts received from the financing activities described in \(c\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 334.10 Td (and \(g\)above.) Tj ET Q q 0 0 0 rg BT 134.29 334.10 Td (This adjustment assumes thatthe Company sold shares at a price of $10 per share less commissions, dealer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 322.10 Td (manager fees and issuer costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td () Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.50 742.25 Td (Notes to Unaudited Pr) Tj ET Q q 0 0 0 rg BT 241.59 742.25 Td (o Forma Consolidated Statement of Operations for) Tj ET Q q 0 0 0 rg BT 458.61 742.25 Td ( the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 224.75 730.25 Td (Nine MonthsEnded ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 312.83 730.25 Td (September) Tj ET Q q 0 0 0 rg BT 358.74 730.25 Td (30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 718.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 674.75 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 674.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 674.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 674.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 646.75 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 646.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 646.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 646.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 618.75 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 618.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 618.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 618.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 590.75 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 590.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 590.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 590.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 562.75 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 562.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 562.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 562.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 534.75 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 534.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 534.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 534.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 506.75 414.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 506.75 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 506.75 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 506.75 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 477.75 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 477.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 477.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 477.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 449.75 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 449.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 449.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 449.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 421.75 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 421.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 421.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 421.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 393.75 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 393.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 393.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 393.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 365.75 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 365.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 365.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 365.75 113.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 674.75 m 471.5 674.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 674.75 m 584.5 674.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 435.75 m 471.5 435.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 435.75 m 584.5 435.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 407.75 m 471.5 407.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 407.75 m 584.5 407.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 365.75 m 471.5 365.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 365.75 m 584.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 352.75 m 471.5 352.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 350.75 m 471.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 352.75 m 584.5 352.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 350.75 m 584.5 350.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 679.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 679.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.85 698.48 Td (Pr) Tj ET Q q 0 0 0 rg BT 497.22 698.48 Td (o FormaNine ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.75 688.48 Td (MonthsEnded September) Tj ET Q q 0 0 0 rg BT 577.24 688.48 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.00 678.48 Td (30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 665.32 Td (Cash needed to acquire 17600 Gillette) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 665.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 665.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 665.32 Td (20,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 651.32 Td (Cash needed to acquire the Brindleyplace Project) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 651.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 651.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 651.32 Td (59,290) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 637.32 Td (Cash needed to acquire Hock Plaza) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 637.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 637.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 637.32 Td (17,933) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 623.32 Td (Cash needed to acquire Southpark) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 623.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 623.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 623.32 Td (13,187) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 609.32 Td (Cash needed to acquire Fifty South Sixth) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 609.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 609.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 609.32 Td (89,992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 595.32 Td (Cash needed to acquire Stonecutter Court) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 595.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 595.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 595.32 Td (54,751) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 581.32 Td (Cash needed to acquire FM Logistic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 581.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 581.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 581.32 Td (70,848) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 567.32 Td (Cash needed to acquire Gogolevsky 11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 567.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 567.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 567.32 Td (56,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 553.32 Td (Cash needed to acquire 250 Royall) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 553.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 553.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 553.32 Td (57,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 539.32 Td (Cash needed to acquire the Campus at Marlborough) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 539.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 539.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 539.32 Td (45,584) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 525.32 Td (Cash needed to acquire Fisher Plaza) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 525.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 525.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 525.32 Td (160,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 511.32 Td (Cash needed to acquire 9320 Excelsior Boulevard) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 511.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 511.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 511.32 Td (69,470) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 496.42 Td (Cash needed to acquire the Poland Logistics Portfolio \(including Distribution Park Sosnowiec\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 496.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 496.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 496.42 Td (75,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 482.32 Td (Cash needed to acquire 144 Montague) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 482.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 482.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 482.32 Td (32,946) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 468.32 Td (Cash needed to acquire 100 Brookes Street) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 468.32 Td (23,700) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 454.32 Td (Cash needed to acquire the Minneapolis Retail Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 454.32 Td (59,784) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 440.32 Td (Cash needed to acquire 550 Terry Francois) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 440.32 Td (38,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 426.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 426.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 426.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 426.32 Td (945,264) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 412.32 Td (Net cash received from each share of common stock issued) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 412.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 412.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 563.15 412.32 Td (8.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 398.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 398.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 398.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.00 398.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 384.32 Td (Common stock needed to purchase the properties listed above) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 384.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 384.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 384.32 Td (107,416) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 370.32 Td (Less: Historical weighted average common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 370.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 370.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 370.32 Td (\(105,985) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 580.65 370.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 356.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 356.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 356.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 356.32 Td (1,431) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.50 742.25 Td (HINES GLOBAL) Tj ET Q q 0 0 0 rg BT 322.36 742.25 Td ( REIT) Tj ET Q q 0 0 0 rg BT 348.57 742.25 Td (, INC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.35 730.25 Td (UNAUDITED PRO FORMA) Tj ET Q q 0 0 0 rg BT 257.24 730.25 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.56 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 354.11 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 360.59 730.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 403.75 730.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 419.77 730.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 456.52 730.25 Td (TIONS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.45 718.25 Td (For) Tj ET Q q 0 0 0 rg BT 242.82 718.25 Td ( the) Tj ET Q q 0 0 0 rg BT 260.78 718.25 Td (Y) Tj ET Q q 0 0 0 rg BT 266.89 718.25 Td (ear) Tj ET Q q 0 0 0 rg BT 280.58 718.25 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 356.50 718.25 Td ( 31, 201) Tj ET Q q 0 0 0 rg BT 388.45 718.25 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 222.60 706.25 Td (\(In thousands, except per) Tj ET Q q 0 0 0 rg BT 330.21 706.25 Td ( shar) Tj ET Q q 0 0 0 rg BT 351.42 706.25 Td (e amounts\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 642.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 642.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 642.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 642.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 642.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 642.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 642.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 642.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 642.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 614.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 614.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 614.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 614.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 614.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 614.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 614.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 614.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 614.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 586.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 586.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 586.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 586.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 586.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 586.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 586.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 586.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 586.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 558.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 558.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 558.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 558.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 558.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 558.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 558.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 558.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 558.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 530.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 530.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 530.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 530.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 530.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 530.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 530.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 530.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 530.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 502.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 502.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 502.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 502.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 502.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 502.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 502.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 502.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 502.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 474.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 474.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 474.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 474.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 474.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 474.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 474.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 474.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 474.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 437.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 437.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 437.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 437.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 437.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 437.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 437.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 437.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 437.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 409.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 409.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 409.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 409.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 409.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 409.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 409.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 409.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 409.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 381.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 381.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 381.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 381.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 381.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 381.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 381.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 381.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 381.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 344.75 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 344.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 344.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 344.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 344.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 344.75 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 344.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 344.75 17.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 344.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 316.75 180.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 316.75 6.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 316.75 76.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 316.75 6.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 316.75 84.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 316.75 27.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 316.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 316.75 17.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 316.75 77.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 41.00 270.75 180.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 270.75 6.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 270.75 76.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 270.75 6.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 270.75 84.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 270.75 27.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 270.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 270.75 17.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 270.75 77.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 642.75 m 303 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 642.75 m 393 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 642.75 m 485 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 642.75 m 579 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 600.75 m 303 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 600.75 m 393 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 600.75 m 485 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 600.75 m 579 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 474.75 m 303 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 474.75 m 393 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 474.75 m 485 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 474.75 m 579 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 460.75 m 303 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 460.75 m 393 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 460.75 m 485 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 460.75 m 579 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 367.75 m 303 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 367.75 m 393 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 367.75 m 485 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 367.75 m 579 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 344.75 m 303 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 344.75 m 393 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 344.75 m 485 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 344.75 m 579 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 330.75 m 303 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 330.75 m 393 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 330.75 m 485 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 330.75 m 579 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 316.75 m 303 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 316.75 m 393 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 316.75 m 485 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 316.75 m 579 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 293.75 m 303 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 293.75 m 393 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 293.75 m 485 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 293.75 m 579 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 271.75 m 303 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 269.75 m 303 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 271.75 m 393 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 269.75 m 393 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 271.75 m 485 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 269.75 m 485 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 271.75 m 579 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 269.75 m 579 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 248.75 m 303 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 246.75 m 303 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 248.75 m 393 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 246.75 m 393 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 248.75 m 485 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 246.75 m 485 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 248.75 m 579 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 246.75 m 579 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 225.75 m 303 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 223.75 m 303 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 225.75 m 393 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 223.75 m 393 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 246.75 m 485 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 248.75 m 485 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 225.75 m 485 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 223.75 m 485 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 225.75 m 579 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 223.75 m 579 223.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.95 665.20 Td (Year Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 238.30 656.20 Td (December 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 255.70 647.20 Td (2011) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.20 674.20 Td (Adjustments for) Tj ET Q q 0 0 0 rg BT 381.78 674.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.35 665.20 Td (Distribution Park ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.70 656.20 Td (Sosnowiec ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 647.20 Td (Acquisition) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.55 656.20 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.45 647.20 Td (Adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 647.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.70 647.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.20 647.21 Td (Pr) Tj ET Q q 0 0 0 rg BT 530.53 647.21 Td (o Forma) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 633.20 Td (Revenues:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 633.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 633.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.50 633.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 633.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.50 633.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 633.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 619.21 Td (Rental revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 619.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.75 619.21 Td (88,657) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 619.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.25 619.21 Td (3,291) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 619.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.25 619.21 Td (117,938) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 619.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.25 619.21 Td (209,886) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 605.21 Td (Other revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 605.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.25 605.21 Td (6,869) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 605.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 385.00 605.21 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 605.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.25 605.21 Td (7,160) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 605.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.75 605.21 Td (14,034) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 591.21 Td (Total revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 591.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.75 591.21 Td (95,526) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 591.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.25 591.21 Td (3,296) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 591.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.25 591.21 Td (125,098) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 591.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.25 591.21 Td (223,920) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 577.20 Td (Expenses:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.50 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.50 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.50 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 504.50 577.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 563.21 Td (Property operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 563.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.75 563.21 Td (19,403) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 563.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.00 563.21 Td (741) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 563.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.75 563.21 Td (23,740) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 563.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.75 563.21 Td (43,884) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 549.21 Td (Real property taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 549.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.25 549.21 Td (7,677) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 549.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.00 549.21 Td (445) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 549.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.75 549.21 Td (11,089) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 549.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.75 549.21 Td (19,211) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 535.21 Td (Property management fees) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 535.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.25 535.21 Td (2,231) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 535.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.50 535.21 Td (99) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 535.21 Td (\(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.25 535.21 Td (3,174) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 535.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.25 535.21 Td (5,504) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 521.21 Td (Depreciation and amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 521.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.75 521.21 Td (53,167) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 521.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.25 521.21 Td (1,748) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 521.21 Td (\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.75 521.21 Td (56,655) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 521.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.25 521.21 Td (111,570) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 507.21 Td (Acquisition related expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 507.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.25 507.21 Td (5,863) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 507.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.50 507.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 507.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.25 507.21 Td (\(5,599) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.50 507.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 507.21 Td (\(e\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 562.00 507.21 Td (264) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 493.21 Td (Asset management and acquisition fees) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 493.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.75 493.21 Td (20,453) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 493.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.50 493.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.25 493.21 Td (\(3,503) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.50 493.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 493.21 Td (\(f\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.75 493.21 Td (16,950) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 479.21 Td (General and administrative expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.25 479.21 Td (3,129) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.50 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.50 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.25 479.21 Td (3,129) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 465.21 Td (Total expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.25 465.21 Td (111,923) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.25 465.21 Td (3,033) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.75 465.21 Td (85,556) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.25 465.21 Td (200,512) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 451.20 Td (Income \(loss\) befor) Tj ET Q q 0 0 0 rg BT 116.82 451.20 Td (e other) Tj ET Q q 0 0 0 rg BT 143.40 451.20 Td ( income \(expenses\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 442.20 Td (and benefit \(pr) Tj ET Q q 0 0 0 rg BT 100.84 442.20 Td (ovision\) for) Tj ET Q q 0 0 0 rg BT 144.42 442.20 Td ( income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 442.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.75 442.21 Td (\(16,397) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.50 442.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 442.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.00 442.21 Td (263) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 442.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.75 442.21 Td (39,542) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 442.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.75 442.21 Td (23,408) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 428.20 Td (Other income \(expenses\):) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.50 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.50 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.50 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 504.50 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 414.21 Td (Gain \(loss\) on derivative instruments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 414.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.75 414.21 Td (\(16,523) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.50 414.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 414.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.50 414.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 414.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.50 414.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 414.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.75 414.21 Td (\(16,523) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 575.50 414.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 400.21 Td (Other gains \(losses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 400.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.00 400.21 Td (174) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 400.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.50 400.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 400.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.50 400.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 400.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 562.00 400.21 Td (174) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 386.21 Td (Interest expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 386.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.75 386.21 Td (\(23,167) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.50 386.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 386.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.00 386.21 Td (\(425) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 386.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 386.21 Td (\(c\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.75 386.21 Td (\(17,444) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.50 386.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 386.21 Td (\(g\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.75 386.21 Td (\(41,036) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 575.50 386.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 372.21 Td (Interest income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 372.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.00 372.21 Td (189) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 372.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.50 372.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 372.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.50 372.21 Td (51) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 372.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 562.00 372.21 Td (240) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 358.20 Td (Income \(loss\) befor) Tj ET Q q 0 0 0 rg BT 116.82 358.20 Td (e benefit \(pr) Tj ET Q q 0 0 0 rg BT 163.65 358.20 Td (ovision\) for) Tj ET Q q 0 0 0 rg BT 207.23 358.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 349.20 Td (income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 349.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.75 349.21 Td (\(55,724) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.50 349.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 349.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.00 349.21 Td (\(162) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 349.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 349.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.75 349.21 Td (22,149) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 349.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.75 349.21 Td (\(33,737) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 575.50 349.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 335.21 Td (Benefit \(provision\) for income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 335.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.25 335.21 Td (\(2,885) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.50 335.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 335.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.50 335.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 335.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.25 335.21 Td (\(1,306) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.50 335.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 335.21 Td (\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.25 335.21 Td (\(4,191) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 575.50 335.21 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 321.20 Td (Net income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 321.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.75 321.21 Td (\(58,609) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.50 321.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 321.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.00 321.21 Td (\(162) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 321.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 321.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.75 321.21 Td (20,843) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 321.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.75 321.21 Td (\(37,928) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 575.50 321.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 307.21 Td (Net \(income\) loss attributable to noncontrolling) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 298.21 Td (interests) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 298.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.25 298.21 Td (1,592) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 298.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.50 298.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 298.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.50 298.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.25 298.21 Td (1,592) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 284.20 Td (Net income \(loss\) attributable to common) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 275.20 Td (stockholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 275.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.75 275.21 Td (\(57,017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.50 275.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 275.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.00 275.21 Td (\(162) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 275.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 275.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.75 275.21 Td (20,843) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 275.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.75 275.21 Td (\(36,336) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 575.50 275.21 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 261.20 Td (Basic and diluted income \(loss\) per) Tj ET Q q 0 0 0 rg BT 177.09 261.20 Td ( common ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 43.50 252.20 Td (shar) Tj ET Q q 0 0 0 rg BT 60.34 252.20 Td (e:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 252.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 280.75 252.21 Td (\(0.85) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.50 252.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 252.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 252.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.50 252.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 252.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.75 252.21 Td (\(0.34) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 575.50 252.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 238.21 Td (Weighted average number common shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 43.50 229.21 Td (outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.50 229.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.75 229.21 Td (67,429) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.50 229.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.50 229.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 229.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.75 229.21 Td (39,987) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.50 229.21 Td (\(h\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.25 229.21 Td (107,416) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.05 201.25 Td (See notes to unaudited pro forma consolidated statement of operations and notes to unaudited pro forma consolidated financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.10 189.25 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 177.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 165.25 Td () Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.50 742.25 Td (Notes to Unaudited Pr) Tj ET Q q 0 0 0 rg BT 241.59 742.25 Td (o Forma Consolidated Statement of Operations for) Tj ET Q q 0 0 0 rg BT 458.61 742.25 Td ( the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 244.15 730.25 Td (Y) Tj ET Q q 0 0 0 rg BT 250.26 730.25 Td (ear) Tj ET Q q 0 0 0 rg BT 263.96 730.25 Td (Ended December) Tj ET Q q 0 0 0 rg BT 339.88 730.25 Td ( 31, 201) Tj ET Q q 0 0 0 rg BT 371.83 730.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 694.25 Td (\(a\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 694.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 694.25 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 694.25 Td (fect of the Company's acquisition of Distribution Park Sosnowiec based on its historical results ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 682.25 Td (ofoperationsassuming that the acquisition had occurred on January1, 201) Tj ET Q q 0 0 0 rg BT 371.00 682.25 Td (1. Depreciation and amortization was calculated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 670.25 Td (based on the fair values of the investment property and intangible lease assets and liabilities, which are preliminary and subject ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 658.25 Td (to change.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 634.25 Td (\(b\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 634.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 634.25 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 634.25 Td (fect of the Company's 3.0% property management fee assuming that the acquisition of Distribution ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 622.25 Td (Park Sosnowiec had occurred on January1, 201) Tj ET Q q 0 0 0 rg BT 263.80 622.25 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 598.25 Td (\(c\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 598.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 598.25 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 598.25 Td (fect of interest expense on the additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.12 598.25 Td (1) Tj ET Q q 0 0 0 rg BT 351.75 598.25 Td (1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.64 598.25 Td ( \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.47 598.25 Td ($14.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.36 598.25 Td ( based on a rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.89 598.25 Td ($1.29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.39 598.25 Td ( on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 586.25 Td (transaction date\) borrowings made on the Poland Logistics Portfolio's secured credit facility to acquire Distribution Park ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 574.25 Td (Sosnowiec. ) Tj ET Q q 0 0 0 rg BT 122.65 574.25 Td (The interest rate on the secured credit facility was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.50 574.25 Td (2.93%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.33 574.25 Td ( as of the date of acquisition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 550.25 Td (\(d\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 550.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 550.25 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 550.25 Td (fect of the Company's acquisitions of Stonecutter Court, FM Logistic, Gogolevsky 1) Tj ET Q q 0 0 0 rg BT 514.68 550.25 Td (1, 250 Royall, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 538.25 Td (the Campus at Marlborough, Fisher Plaza, 9320 Excelsior Boulevard, the first four industrial properties in the Poland Logistics ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 526.25 Td (Portfolio, 144 Montague, 100 Brookes Street, the Minneapolis Retail Center and 550 ) Tj ET Q q 0 0 0 rg BT 414.27 526.25 Td (T) Tj ET Q q 0 0 0 rg BT 419.68 526.25 Td (erry Francois based on their historical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 514.25 Td (results ofoperationsassuming that the acquisitions had occurred on January1, 201) Tj ET Q q 0 0 0 rg BT 403.50 514.25 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 490.25 Td (\(e\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 490.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 490.25 Td (o eliminate the ef) Tj ET Q q 0 0 0 rg BT 146.92 490.25 Td (fect of non-recurring acquisition expenses recordedin relationto the Company's acquisitions listed in \(d\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 478.25 Td (above.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 454.25 Td (\(f\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 454.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 454.25 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 454.25 Td (fect of the Company's 1.5% asset management fee assuming that the Company's acquisitions had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 442.25 Td (occurred on January1, 201) Tj ET Q q 0 0 0 rg BT 180.20 442.25 Td (1.In addition, this adjustment includesamounts required to eliminate the ef) Tj ET Q q 0 0 0 rg BT 482.45 442.25 Td (fect of non-recurring ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 430.25 Td (acquisition fees included in the Company's statement of operations for thetwelve months endedDecember 31, 201) Tj ET Q q 0 0 0 rg BT 531.37 430.25 Td (1 related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 418.25 Td (tothese acquisitions of $14.2 million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 394.25 Td (\(g\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 394.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 394.25 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 394.25 Td (fect of the Company's interest expense assuming that the Company had permanent financing in place ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 382.25 Td (as of January 1, 201) Tj ET Q q 0 0 0 rg BT 151.89 382.25 Td (1 related to its acquisitions of Stonecutter Court, Gogolevsky 1) Tj ET Q q 0 0 0 rg BT 403.70 382.25 Td (1, the Campus at Marlborough, 144 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 370.25 Td (Montague, the first four industrial properties in the Poland Logistics Portfolio, 100 Brookes Street, and the Minneapolis Retail ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 358.25 Td (Center) Tj ET Q q 0 0 0 rg BT 98.10 358.25 Td (. See Note 4 - Debt Financing in our Form 10-K for the year ended December 31, 201) Tj ET Q q 0 0 0 rg BT 441.25 358.25 Td (1 for further details related to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 346.25 Td (Stonecutter Court, Gogolevsky 1) Tj ET Q q 0 0 0 rg BT 203.28 346.25 Td (1 and the Campus at Marlborough. See Note 5 - Debt Financing in the September 30, 2012 10-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 334.25 Td (Q for additional information regarding the Company's financing activity related to 144 Montague, the first four industrial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 322.25 Td (properties in the Poland Logistics Portfolio, 100 Brookes Street, and the Minneapolis Retail Center) Tj ET Q q 0 0 0 rg BT 467.77 322.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 298.25 Td (\(h\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 298.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 298.25 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 298.25 Td (fect of the proceeds required from the issuance of shares of the Company's common stock to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 286.25 Td (complete the acquisitions described in \(a\) and \(d\) above, less amounts received from the financing activities described in \(c\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 274.25 Td (and \(g\)above.) Tj ET Q q 0 0 0 rg BT 134.29 274.25 Td (This adjustment assumes thatthe Company sold shares at a price of $10 per share less commissions, dealer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 262.25 Td (manager fees and issuer costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 250.25 Td () Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.50 742.25 Td (Notes to Unaudited Pr) Tj ET Q q 0 0 0 rg BT 241.59 742.25 Td (o Forma Consolidated Statement of Operations for) Tj ET Q q 0 0 0 rg BT 458.61 742.25 Td ( the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 244.15 730.25 Td (Y) Tj ET Q q 0 0 0 rg BT 250.26 730.25 Td (ear) Tj ET Q q 0 0 0 rg BT 263.96 730.25 Td (Ended December) Tj ET Q q 0 0 0 rg BT 339.88 730.25 Td ( 31, 201) Tj ET Q q 0 0 0 rg BT 371.83 730.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 706.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 672.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 672.75 22.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 672.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 672.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 644.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 644.75 22.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 644.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 644.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 616.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 616.75 22.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 616.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 616.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 588.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 588.75 22.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 588.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 588.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 560.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 560.75 22.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 560.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 560.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 532.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 532.75 22.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 532.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 532.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 504.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 504.75 22.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 504.75 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 504.75 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 475.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 475.75 22.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 475.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 475.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 447.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 447.75 22.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 447.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 447.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 419.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 419.75 22.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 419.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 419.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 391.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 391.75 22.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 391.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 391.75 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 363.75 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 363.75 22.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 363.75 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 363.75 113.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 672.75 m 471.5 672.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 672.75 m 584.5 672.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 672.75 m 584.5 672.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 433.75 m 471.5 433.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 433.75 m 584.5 433.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 405.75 m 471.5 405.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 405.75 m 584.5 405.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 363.75 m 471.5 363.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 363.75 m 584.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 350.75 m 471.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 348.75 m 471.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 350.75 m 584.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 348.75 m 584.5 348.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 677.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 677.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.00 686.48 Td (Pr) Tj ET Q q 0 0 0 rg BT 482.37 686.48 Td (o Forma) Tj ET Q q 0 0 0 rg BT 520.87 686.48 Td (Y) Tj ET Q q 0 0 0 rg BT 526.99 686.48 Td (ear) Tj ET Q q 0 0 0 rg BT 540.68 686.48 Td (Ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 481.45 676.48 Td (December) Tj ET Q q 0 0 0 rg BT 524.58 676.48 Td ( 31, 201) Tj ET Q q 0 0 0 rg BT 556.52 676.48 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 663.32 Td (Cash needed to acquire 17600 Gillette) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 663.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 663.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 663.32 Td (20,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 649.32 Td (Cash needed to acquire the Brindleyplace Project) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 649.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 649.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 649.32 Td (59,290) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 635.32 Td (Cash needed to acquire Hock Plaza) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 635.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 635.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 635.32 Td (17,933) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 621.32 Td (Cash needed to acquire Southpark) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 621.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 621.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 621.32 Td (13,187) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 607.32 Td (Cash needed to acquire Fifty South Sixth) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 607.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 607.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 607.32 Td (89,992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 593.32 Td (Cash needed to acquire Stonecutter Court) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 593.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 593.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 593.32 Td (54,751) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 579.32 Td (Cash needed to acquire FM Logistic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 579.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 579.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 579.32 Td (70,848) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 565.32 Td (Cash needed to acquire Gogolevsky 11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 565.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 565.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 565.32 Td (56,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 551.32 Td (Cash needed to acquire 250 Royall) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 551.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 551.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 551.32 Td (57,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 537.32 Td (Cash needed to acquire the Campus at Marlborough) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 537.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 537.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 537.32 Td (45,584) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 523.32 Td (Cash needed to acquire Fisher Plaza) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 523.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 523.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 523.32 Td (160,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 509.32 Td (Cash needed to acquire 9320 Excelsior Boulevard) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 509.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 509.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 509.32 Td (69,470) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 494.42 Td (Cash needed to acquire the Poland Logistics Portfolio \(including Distribution Park Sosnowiec\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 494.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 494.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 494.42 Td (75,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 480.32 Td (Cash needed to acquire 144 Montague) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 480.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 480.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 480.32 Td (32,946) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 466.32 Td (Cash needed to acquire 100 Brookes Street) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 466.32 Td (23,700) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 452.32 Td (Cash needed to acquire the Minneapolis Retail Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 452.32 Td (59,784) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 438.32 Td (Cash needed to acquire 550 Terry Francois) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 438.32 Td (38,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 424.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 424.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 424.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 424.32 Td (945,264) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 410.32 Td (Net cash received from each share of common stock issued) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 410.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 410.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 563.15 410.32 Td (8.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 396.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 396.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 396.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.00 396.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 382.32 Td (Common stock needed to purchase the properties listed above) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 382.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 382.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 382.32 Td (107,416) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 368.32 Td (Less: Historical weighted average common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 368.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 368.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.80 368.32 Td (\(67,429) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 580.65 368.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 354.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 354.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 354.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 354.32 Td (39,987) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.00 742.10 Td (N) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 167.22 742.10 Td (otes to Unaudited Pr) Tj ET Q q 0 0 0 rg BT 255.09 742.10 Td (o Forma Consolidated Statements of Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.55 730.10 Td (For) Tj ET Q q 0 0 0 rg BT 213.92 730.10 Td ( the Nine Months Ended September) Tj ET Q q 0 0 0 rg BT 366.24 730.10 Td ( 30, 2012 and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 236.40 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.86 718.10 Td (Y) Tj ET Q q 0 0 0 rg BT 257.97 718.10 Td (ear) Tj ET Q q 0 0 0 rg BT 271.67 718.10 Td (Ended December) Tj ET Q q 0 0 0 rg BT 347.59 718.10 Td ( 31, 201) Tj ET Q q 0 0 0 rg BT 379.53 718.10 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 694.10 Td (\(1\)Investment Pr) Tj ET Q q 0 0 0 rg BT 113.30 694.10 Td (operties ) Tj ET Q q 0 0 0 rg BT 149.13 694.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 178.94 694.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 190.89 694.10 Td (After) Tj ET Q q 0 0 0 rg BT 213.47 694.10 Td ( January 1, 201) Tj ET Q q 0 0 0 rg BT 278.48 694.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 670.10 Td (On March 1) Tj ET Q q 0 0 0 rg BT 101.95 670.10 Td (1, 201) Tj ET Q q 0 0 0 rg BT 126.58 670.10 Td (1, the Company acquired all of the share capital of Sofinafor the sole purpose of acquiring Stonecutter Court, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (core of) Tj ET Q q 0 0 0 rg BT 63.86 658.10 Td (fice building with two adjacent, ancillary buildings located in London, United Kingdom. Stonecutter Courtwas constructed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 646.10 Td (in1995 and consists of 152,829 square feet of rentable area that is 100% leased to three tenants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 622.10 Td (On) Tj ET Q q 0 0 0 rg BT 68.17 622.10 Td (April 27, 201) Tj ET Q q 0 0 0 rg BT 121.41 622.10 Td (1, a subsidiary of the Companyacquired Dolorous Limited and Ifmall Finance Ltd. for the sole purpose of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (acquiring FM Logistic Industrial Park. FM Logistic Industrial Park was constructed from 1998 - 2004 and consists of 748,578 square ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (feet of rentable area that is 100% leased to one tenant.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 574.10 Td (On) Tj ET Q q 0 0 0 rg BT 68.17 574.10 Td (August 25, 201) Tj ET Q q 0 0 0 rg BT 129.19 574.10 Td (1, a subsidiary of the Companyacquired Maxrange and Fibersoft Limited for the sole purpose of acquiring ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (Gogolevsky 1) Tj ET Q q 0 0 0 rg BT 91.46 562.10 Td (1, a nine-story of) Tj ET Q q 0 0 0 rg BT 159.59 562.10 Td (fice building located in Moscow) Tj ET Q q 0 0 0 rg BT 288.36 562.10 Td (, Russia.Gogolevsky 1) Tj ET Q q 0 0 0 rg BT 382.99 562.10 Td (1 was constructed in 1996 and consists of 85,740 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (square feet of rentable area that is 100% leased to six tenants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 526.10 Td (On September 9, 201) Tj ET Q q 0 0 0 rg BT 138.61 526.10 Td (1, a subsidiary of the Company acquired 250 Royall Street, an of) Tj ET Q q 0 0 0 rg BT 398.10 526.10 Td (fice building located in Canton, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 514.10 Td (Massachusetts.250 Royall Street was constructed in 2002 and consists of 185,171 square feet of rentable area that is 100% leased to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 502.10 Td (one tenant.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 478.10 Td (On October 28, 201) Tj ET Q q 0 0 0 rg BT 133.06 478.10 Td (1, a subsidiary of the Company acquired the Campus of Marlborough, a complex of three interconnected of) Tj ET Q q 0 0 0 rg BT 562.75 478.10 Td (fice ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 466.10 Td (buildings and one amenity building along with an undeveloped parcel of land located in Marlborough, Massachusetts. ) Tj ET Q q 0 0 0 rg BT 510.16 466.10 Td (The Campus at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 454.10 Td (Marlborough was constructed in 1999 and consists of 532,246 square feet of rentable area that is 100% leased to six tenants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 430.10 Td (On December 15, 201) Tj ET Q q 0 0 0 rg BT 141.93 430.10 Td (1, a subsidiary of the Company acquired Fisher Plaza, a two-building of) Tj ET Q q 0 0 0 rg BT 429.75 430.10 Td (fice complex located in Seattle, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 418.10 Td (ashington that was constructed from 2000 - 2003 and consists of 293,727 square feet of rentable area and is 96% leased to 39 tenants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 394.10 Td (On December 27, 201) Tj ET Q q 0 0 0 rg BT 141.93 394.10 Td (1, a subsidiary of the Company acquired 9320 Excelsior Boulevard, an of) Tj ET Q q 0 0 0 rg BT 435.85 394.10 Td (fice building located in Minneapolis, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 382.10 Td (Minnesota that was constructed in 2010 and consists of 254,915 square feet of rentable area.In connection with this acquisition, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (Company entered into a lease with Car) Tj ET Q q 0 0 0 rg BT 191.33 370.10 Td (gill, Inc \(the seller\) for all of the net rentable area of the building.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 346.10 Td (On March 29, 2012, a subsidiary of the Company acquired a portfolio of four logistics facilities in Poland: ProLogis Park ) Tj ET Q q 0 0 0 rg BT 542.07 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 550.70 346.10 Td (arsaw I, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (located in ) Tj ET Q q 0 0 0 rg BT 77.47 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 86.11 334.10 Td (arsaw) Tj ET Q q 0 0 0 rg BT 108.78 334.10 Td (, Poland; ProLogis Park ) Tj ET Q q 0 0 0 rg BT 206.65 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 215.29 334.10 Td (arsaw III, located in ) Tj ET Q q 0 0 0 rg BT 297.57 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 306.21 334.10 Td (arsaw) Tj ET Q q 0 0 0 rg BT 328.88 334.10 Td (, Poland; ProLogis Park Bedzin I, located in Upper Silesia, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (Poland; and ProLogis Park ) Tj ET Q q 0 0 0 rg BT 145.81 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 154.85 322.10 Td (roclaw II, located in ) Tj ET Q q 0 0 0 rg BT 237.69 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 246.73 322.10 Td (roclaw) Tj ET Q q 0 0 0 rg BT 273.29 322.10 Td (, Poland.) Tj ET Q q 0 0 0 rg BT 313.38 322.10 Td (The net contract purchase price for these four logistics facilities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (was 98.6 million \(approximately $131.3 million based on a rate of $1.33 per Euro as of the transaction date\), exclusive of transaction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (costs and working capital reserves. On October 10, 2012, a subsidiary of the Company acquired its fifth logistics facility in Poland, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (Distribution Park Sosnowiec. ) Tj ET Q q 0 0 0 rg BT 155.81 286.10 Td (The net contract purchase price was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.85 286.10 Td (19.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.75 286.10 Td ( \(approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.83 286.10 Td ($25.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.73 286.10 Td ( based on a rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.25 286.10 Td ($1.29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 573.75 286.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (per Euro as of the transaction date\), exclusive of transaction costs and working capital reserves. ) Tj ET Q q 0 0 0 rg BT 425.40 274.10 Td (The Company refers to all five of these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td (logistics facilities located in Poland, collectively) Tj ET Q q 0 0 0 rg BT 229.19 262.10 Td (, as the Poland Logistics Portfolio. ) Tj ET Q q 0 0 0 rg BT 372.05 262.10 Td (The Poland Logistics Portfolio properties were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 250.10 Td (constructed between 1995 and 2009 and consist of 2,266,404 square feet of rentable area that is 95% leased to 26 tenants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 226.10 Td (On ) Tj ET Q q 0 0 0 rg BT 68.17 226.10 Td (April 16, 2012, a subsidiary of the Company acquired 144 Montague, an of) Tj ET Q q 0 0 0 rg BT 369.32 226.10 Td (fice building located in Brisbane, ) Tj ET Q q 0 0 0 rg BT 504.28 226.10 Td (Australia.) Tj ET Q q 0 0 0 rg BT 548.26 226.10 Td (The net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (contract purchase price was 88.1 million ) Tj ET Q q 0 0 0 rg BT 200.12 214.10 Td (Australian dollars \(AUD\) \(approximately $91.3 million using a rate of $1.04 per ) Tj ET Q q 0 0 0 rg BT 532.81 214.10 Td (AUD as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td (the transaction date\).Hines Global funded the acquisition using proceeds from our current public of) Tj ET Q q 0 0 0 rg BT 437.92 202.10 Td (fering and debt financing.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 178.10 Td (On July 13, 2012, a subsidiary of the Company acquired 100 Brookes Street, an of) Tj ET Q q 0 0 0 rg BT 384.04 178.10 Td (fice building located in Brisbane, ) Tj ET Q q 0 0 0 rg BT 519.00 178.10 Td (Australia. ) Tj ET Q q 0 0 0 rg BT 562.98 178.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (net purchase price for 100 Brookes Street was 66.5 million ) Tj ET Q q 0 0 0 rg BT 273.45 166.10 Td (AUD \($67.6 million assuming a rate of $1.02 per ) Tj ET Q q 0 0 0 rg BT 472.58 166.10 Td (AUD based on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (exchange rate in ef) Tj ET Q q 0 0 0 rg BT 111.61 154.10 Td (fect on the transaction date\), exclusive of transaction costs, financing fees and working capital reserves. ) Tj ET Q q 0 0 0 rg BT 530.99 154.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (acquisition was funded using proceeds from the Initial Of) Tj ET Q q 0 0 0 rg BT 266.32 142.10 Td (fering and a 43.2 million ) Tj ET Q q 0 0 0 rg BT 367.41 142.10 Td (AUD \($44.3 million assuming a rate of $1.02 per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (AUD based on the transaction date\) mortgage loan with the Bank of ) Tj ET Q q 0 0 0 rg BT 310.74 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 319.38 130.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 345.20 130.10 Td (Australia Ltd.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 106.10 Td (On ) Tj ET Q q 0 0 0 rg BT 68.17 106.10 Td (August 1, 2012, a wholly-owned subsidiary of the Company acquired Minneapolis Retail Center) Tj ET Q q 0 0 0 rg BT 454.37 106.10 Td (, a retail project located just ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (outside Minneapolis, Minnesota. ) Tj ET Q q 0 0 0 rg BT 171.92 94.10 Td (The net purchase price was $125.3 million dollars, exclusive of transaction costs and working capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 76.08 82.10 Td (The acquisition was funded using proceeds from the Initial Of) Tj ET Q q 0 0 0 rg BT 324.44 82.10 Td (fering, borrowings under the Revolving Credit Facility and a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td ($65.5 million mortgage loan with ) Tj ET Q q 0 0 0 rg BT 172.10 70.10 Td (Allianz Life Insurance Company of North ) Tj ET Q q 0 0 0 rg BT 342.05 70.10 Td (America.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 742.10 Td (On ) Tj ET Q q 0 0 0 rg BT 68.17 742.10 Td (August 31, 2012, a wholly-owned subsidiary of the Company acquired 550 ) Tj ET Q q 0 0 0 rg BT 371.55 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 376.96 742.10 Td (erry Francois, a core of) Tj ET Q q 0 0 0 rg BT 469.80 742.10 Td (fice building located in San ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 730.10 Td (Francisco, California. ) Tj ET Q q 0 0 0 rg BT 127.74 730.10 Td (The net purchase price for 550 ) Tj ET Q q 0 0 0 rg BT 252.50 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 257.91 730.10 Td (erry Francois was $180.0 million, exclusive of transaction costs and working ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (capital reserves. ) Tj ET Q q 0 0 0 rg BT 105.23 718.10 Td (The acquisition was funded using proceeds from the Initial Of) Tj ET Q q 0 0 0 rg BT 353.59 718.10 Td (fering and borrowings under the Revolving Credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 65.90 706.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 682.10 Td (The unaudited pro forma consolidated balance sheet assumes that the acquisition of Distribution Park Sosnowiec occurred on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (September30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.26 670.10 Td ( and the unaudited pro forma consolidated statements of operations assume that all acquisitions described above ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (occurred on January1, 201) Tj ET Q q 0 0 0 rg BT 144.20 658.10 Td (1.) Tj ET Q BT /F1 9.00 Tf ET endstream endobj 39 0 obj <> /View <>>>>> endobj 40 0 obj <> /View <>>>>> endobj 41 0 obj <> endobj 42 0 obj <> endobj 43 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;