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410.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 410.32 Td (104,665) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 396.32 Td (Due to affiliates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 396.32 Td (4,673) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 396.32 Td (7,158) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 382.32 Td (Intangible lease liabilities, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 382.32 Td (26,546) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 382.32 Td (38,551) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 368.32 Td (Other liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 368.32 Td (11,025) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 368.32 Td (16,262) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 354.32 Td (Interest rate swap contracts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 354.32 Td (81,667) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 354.32 Td (101,211) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 340.32 Td (Participation interest liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 340.32 Td (88,782) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 340.32 Td (92,404) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 326.32 Td (Distributions payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 326.32 Td (15,817) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 326.32 Td (29,573) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 312.32 Td (Notes payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 312.32 Td (1,164,707) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 312.32 Td (1,323,564) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 298.32 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 298.32 Td (1,483,972) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 298.32 Td (1,713,388) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 270.32 Td (Commitments and contingencies \(Note 12\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 270.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 270.32 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 242.43 Td (EQUITY:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 242.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 242.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 228.32 Td (Preferred shares, $.001 par value; 500,000 preferred shares authorized, none issued or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 218.32 Td (outstanding as of June 30, 2013 and December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 218.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 218.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 204.32 Td (Common shares, $.001 par value; 1,500,000 common shares authorized, 233,947 and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 194.32 Td (231,680 common shares issued and outstanding as of June 30, 2013 and December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 184.32 Td (2012, respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 184.42 Td (234) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 184.42 Td (232) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 170.32 Td (Additional paid-in capital) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 170.32 Td (1,195,007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 170.32 Td (1,433,567) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 156.32 Td (Accumulated deficit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.80 156.37 Td (\(142,656) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 156.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.80 156.37 Td (\(378,017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 156.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 142.32 Td (Accumulated other comprehensive income \(loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.30 142.37 Td (\(496) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 142.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 142.37 Td (\(1,961) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 142.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 128.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 128.32 Td (otal stockholders) Tj ET Q q 0 0 0 rg BT 129.04 128.32 Td ( equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 128.32 Td (1,052,089) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 128.32 Td (1,053,821) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 114.32 Td (Noncontrolling interests) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 114.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 114.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 100.32 Td (Total equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 100.32 Td (1,052,089) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 100.32 Td (1,053,821) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 86.43 Td (TOTAL LIABILITIES AND EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 86.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 86.32 Td (2,536,061) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 86.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 86.32 Td (2,767,209) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.25 58.25 Td (See notes to the condensed consolidated financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q 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 (2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 190.15 749.25 Td (HINES REAL) Tj ET Q q 0 0 0 rg BT 251.00 749.25 Td ( EST) Tj ET Q q 0 0 0 rg BT 271.66 749.25 Td (A) Tj ET Q q 0 0 0 rg BT 278.14 749.25 Td (TE INVESTMENT) Tj ET Q q 0 0 0 rg BT 361.04 749.25 Td ( ) Tj ET Q q 0 0 0 rg BT 363.36 749.25 Td (TRUST) Tj ET Q q 0 0 0 rg BT 395.96 749.25 Td (, INC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 59.00 737.25 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 184.11 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 218.66 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 225.14 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 290.06 737.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 326.82 737.25 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 359.89 737.25 Td (AND COMPREHENSIVE INCOME \(LOSS\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.65 725.25 Td (For) Tj ET Q q 0 0 0 rg BT 191.02 725.25 Td ( the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 209.17 725.25 Td (Thr) Tj ET Q q 0 0 0 rg BT 225.65 725.25 Td (ee and Six) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.99 725.25 Td ( Months Ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 337.07 725.25 Td (June30, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 395.13 725.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 416.26 725.25 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.26 725.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 272.35 713.25 Td (\(UNAUDITED\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 646.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 646.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 646.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 646.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 646.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 646.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 646.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 646.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 618.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 618.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 618.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 618.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 618.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 618.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 618.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 618.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 590.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 590.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 590.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 590.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 590.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 590.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 590.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 590.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 562.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 562.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 562.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 562.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 562.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 562.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 562.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 562.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 534.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 534.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 534.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 534.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 534.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 534.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 534.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 534.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 506.75 288.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 506.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 506.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 506.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 506.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 506.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 506.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 506.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 479.75 288.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 479.75 60.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 479.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 479.75 60.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 479.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 479.75 60.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 479.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 479.75 60.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 433.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 433.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 433.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 433.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 433.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 433.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 433.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 433.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 405.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 405.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 405.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 405.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 405.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 405.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 405.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 405.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 359.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 359.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 359.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 359.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 359.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 359.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 359.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 359.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 331.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 331.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 331.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 331.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 331.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 331.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 331.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 331.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 303.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 303.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 303.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 303.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 303.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 303.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 303.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 303.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 275.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 275.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 275.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 275.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 275.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 275.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 275.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 275.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 247.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 247.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 247.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 247.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 247.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 247.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 247.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 247.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 219.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 219.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 219.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 219.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 219.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 219.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 219.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 219.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 192.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 192.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 192.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 192.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 192.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 192.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 192.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 192.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 164.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 164.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 164.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 164.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 164.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 136.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 136.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 136.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 136.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 136.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 108.75 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 108.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 108.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 108.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 108.75 60.00 -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 324.5 674.75 m 384.5 674.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 674.75 m 448.5 674.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 674.75 m 512.5 674.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 674.75 m 576.5 674.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 618.75 m 384.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 618.75 m 448.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 618.75 m 512.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 618.75 m 576.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 493.75 m 384.5 493.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 493.75 m 448.5 493.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 493.75 m 512.5 493.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 493.75 m 576.5 493.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 479.75 m 384.5 479.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 479.75 m 448.5 479.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 479.75 m 512.5 479.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 479.75 m 576.5 479.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 391.75 m 384.5 391.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 391.75 m 448.5 391.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 391.75 m 512.5 391.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 391.75 m 576.5 391.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 359.75 m 384.5 359.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 359.75 m 448.5 359.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 359.75 m 512.5 359.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 359.75 m 576.5 359.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 317.75 m 384.5 317.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 317.75 m 448.5 317.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 317.75 m 512.5 317.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 317.75 m 576.5 317.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 289.75 m 384.5 289.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 289.75 m 448.5 289.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 289.75 m 512.5 289.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 289.75 m 576.5 289.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 261.75 m 384.5 261.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 261.75 m 448.5 261.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 261.75 m 512.5 261.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 261.75 m 576.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 248.75 m 384.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 246.75 m 384.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 248.75 m 448.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 246.75 m 448.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 248.75 m 512.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 246.75 m 512.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 248.75 m 576.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 246.75 m 576.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 234.75 m 384.5 234.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 232.75 m 384.5 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 234.75 m 448.5 234.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 232.75 m 448.5 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 234.75 m 512.5 234.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 232.75 m 512.5 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 234.75 m 576.5 234.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 232.75 m 576.5 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 220.75 m 384.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 218.75 m 384.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 220.75 m 448.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 218.75 m 448.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 220.75 m 512.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 218.75 m 512.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 220.75 m 576.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 218.75 m 576.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 206.75 m 384.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 204.75 m 384.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 206.75 m 448.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 204.75 m 448.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 206.75 m 512.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 204.75 m 512.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 206.75 m 576.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 204.75 m 576.5 204.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 136.75 m 384.5 136.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 136.75 m 448.5 136.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 136.75 m 512.5 136.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 136.75 m 576.5 136.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 108.75 m 384.5 108.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 108.75 m 448.5 108.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 108.75 m 512.5 108.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 108.75 m 576.5 108.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 95.75 m 384.5 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 93.75 m 384.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 95.75 m 448.5 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 93.75 m 448.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 95.75 m 512.5 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 93.75 m 512.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 95.75 m 576.5 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 93.75 m 576.5 93.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 693.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.90 693.20 Td (Three Months Ended June 30,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.35 693.20 Td (Six Months Ended June 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 679.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.00 679.20 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.00 679.20 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.00 679.20 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.00 679.20 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 665.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.90 665.20 Td (\(In thousands, except per share amounts\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 651.20 Td (Revenues:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 651.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.00 651.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 651.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 651.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 637.21 Td (Rental revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 637.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 637.21 Td (51,183) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.00 637.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 637.21 Td (51,906) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 637.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.75 637.21 Td (102,603) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 637.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.75 637.21 Td (105,292) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 623.21 Td (Other revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 623.21 Td (5,176) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.75 623.21 Td (5,239) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.25 623.21 Td (10,226) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.25 623.21 Td (10,033) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 45.00 609.21 Td (Total revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 609.21 Td (56,359) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 609.21 Td (57,145) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.75 609.21 Td (112,829) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.75 609.21 Td (115,325) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 595.20 Td (Expenses:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 595.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.00 595.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 595.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 595.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 581.21 Td (Property operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 581.21 Td (16,857) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 581.21 Td (16,529) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.25 581.21 Td (33,985) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.25 581.21 Td (32,871) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 567.21 Td (Real property taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 567.21 Td (8,182) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.75 567.21 Td (6,644) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.25 567.21 Td (15,721) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.25 567.21 Td (13,708) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 553.21 Td (Property management fees) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 553.21 Td (1,336) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.75 553.21 Td (1,449) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.75 553.21 Td (2,659) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 553.21 Td (2,684) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 539.21 Td (Depreciation and amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 539.21 Td (15,482) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 539.21 Td (17,811) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.25 539.21 Td (31,722) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.25 539.21 Td (35,679) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 525.21 Td (Asset management fees) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 525.21 Td (8,262) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.75 525.21 Td (7,821) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.25 525.21 Td (16,720) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.25 525.21 Td (15,564) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 511.21 Td (General and administrative) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 511.21 Td (1,909) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.75 511.21 Td (2,125) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.75 511.21 Td (3,576) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 511.21 Td (3,608) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 498.01 Td (Impairment losses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 498.01 Td (3,956) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 498.01 Td (46,058) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.75 498.01 Td (3,956) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.25 498.01 Td (46,058) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 45.00 484.21 Td (Total expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 484.21 Td (55,984) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 484.21 Td (98,437) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.75 484.21 Td (108,339) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.75 484.21 Td (150,172) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 470.20 Td (Income \(loss\) fr) Tj ET Q q 0 0 0 rg BT 98.82 470.20 Td (om continuing operations befor) Tj ET Q q 0 0 0 rg BT 219.41 470.20 Td (e other) Tj ET Q q 0 0 0 rg BT 245.99 470.20 Td ( income \(expenses\), ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 461.20 Td (benefit \(pr) Tj ET Q q 0 0 0 rg BT 79.58 461.20 Td (ovision\) for) Tj ET Q q 0 0 0 rg BT 123.16 461.20 Td ( income taxes, gain on sale of unconsolidated joint ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 452.20 Td (ventur) Tj ET Q q 0 0 0 rg BT 64.33 452.20 Td (e and equity in earnings \(losses\) of unconsolidated entities, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.50 452.21 Td (375) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.25 452.21 Td (\(41,292) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 452.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.75 452.21 Td (4,490) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 452.21 Td (\(34,847) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 452.21 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 438.20 Td (Other income \(expenses\):) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 438.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.00 438.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 438.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 438.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 424.21 Td (Gain \(loss\) on derivative instruments, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 424.21 Td (13,258) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.75 424.21 Td (\(2,394) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 424.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.25 424.21 Td (19,544) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 424.21 Td (1,374) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 410.21 Td (Interest expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.25 410.21 Td (\(14,088) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 410.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.25 410.21 Td (\(17,129) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 410.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.25 410.21 Td (\(30,808) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 410.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 410.21 Td (\(34,267) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 410.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 396.21 Td (Interest income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.50 396.21 Td (197) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.50 396.21 Td (178) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.50 396.21 Td (383) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.50 396.21 Td (351) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 382.20 Td (Income \(loss\) fr) Tj ET Q q 0 0 0 rg BT 98.82 382.20 Td (om continuing operations befor) Tj ET Q q 0 0 0 rg BT 219.41 382.20 Td (e benefit \(pr) Tj ET Q q 0 0 0 rg BT 266.24 382.20 Td (ovision\) for) Tj ET Q q 0 0 0 rg BT 309.82 382.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 373.20 Td (income taxes, gain on sale of unconsolidated joint ventur) Tj ET Q q 0 0 0 rg BT 255.59 373.20 Td (e and equity in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 364.20 Td (earnings \(losses\) of unconsolidated entities, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 364.21 Td (\(258) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 364.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.25 364.21 Td (\(60,637) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 364.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.75 364.21 Td (\(6,391) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 364.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 364.21 Td (\(67,389) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 364.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 350.21 Td (Benefit \(provision\) for income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 350.21 Td (\(71) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 350.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.50 350.21 Td (\(120) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 350.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.50 350.21 Td (\(138) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 350.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.50 350.21 Td (\(189) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 350.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 336.21 Td (Gain \(loss\) on sale of unconsolidated joint venture) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.50 336.21 Td (122) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.00 336.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.25 336.21 Td (16,087) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 564.00 336.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 322.21 Td (Equity in earnings \(losses\) of unconsolidated entities, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 322.21 Td (78,829) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.75 322.21 Td (1,041) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.25 322.21 Td (81,424) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.50 322.21 Td (\(106) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 322.21 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 308.20 Td (Income \(loss\) from continuing operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 308.21 Td (78,622) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.25 308.21 Td (\(59,716) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 308.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.25 308.21 Td (90,982) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 308.21 Td (\(67,684) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 308.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 294.21 Td (Income \(loss\) from discontinued operations, net of taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.00 294.21 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.75 294.21 Td (1,053) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.75 294.21 Td (145,477) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 294.21 Td (3,601) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 280.20 Td (Net income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 280.21 Td (78,637) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.25 280.21 Td (\(58,663) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 280.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.75 280.21 Td (236,459) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 280.21 Td (\(64,083) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 280.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 266.21 Td (Less: Net income attributable to noncontrolling interests) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 266.21 Td (\(960) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 266.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.50 266.21 Td (\(139) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 266.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.75 266.21 Td (\(1,098) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 266.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.50 266.21 Td (\(278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 266.21 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 252.20 Td (Net income \(loss\) attributable to common stockholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 252.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 252.21 Td (77,677) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.00 252.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.25 252.21 Td (\(58,802) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 252.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 252.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.75 252.21 Td (235,361) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 252.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 252.21 Td (\(64,361) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 252.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 238.21 Td (Basic and diluted income \(loss\) per common share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 238.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.25 238.21 Td (0.33) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.00 238.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.25 238.21 Td (\(0.26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 238.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 238.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.25 238.21 Td (1.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 238.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.25 238.21 Td (\(0.28) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 238.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 224.21 Td (Distributions declared per common share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 224.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.25 224.21 Td (0.13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.00 224.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.25 224.21 Td (0.13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 224.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.25 224.21 Td (0.25) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 224.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.25 224.21 Td (0.25) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 210.21 Td (Weighted average number of common shares outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.75 210.21 Td (233,947) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.75 210.21 Td (229,494) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.75 210.21 Td (233,410) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.75 210.21 Td (228,950) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 183.20 Td (Net comprehensive income \(loss\):) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 183.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.00 183.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 183.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 183.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 169.21 Td (Net income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 169.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 169.21 Td (78,637) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.00 169.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.25 169.21 Td (\(58,663) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 169.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 169.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.75 169.21 Td (236,459) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 169.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 169.21 Td (\(64,083) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 169.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 155.21 Td (Other comprehensive income \(loss\):) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 155.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.00 155.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 155.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 155.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 45.00 141.21 Td (Foreign currency translation adjustment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 141.21 Td (\(109) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 141.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.75 141.21 Td (\(3,230) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 141.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.75 141.21 Td (1,465) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 141.21 Td (\(2,103) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 141.21 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 127.20 Td (Net comprehensive income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 127.21 Td (78,528) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.25 127.21 Td (\(61,893) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 127.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.75 127.21 Td (237,924) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 127.21 Td (\(66,186) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 127.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 45.00 113.21 Td (Net comprehensive income \(loss\) attributable to noncontrolling interests) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 113.21 Td (\(960) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 113.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.50 113.21 Td (\(139) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 113.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.75 113.21 Td (\(1,098) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 113.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.50 113.21 Td (\(278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 113.21 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 99.20 Td (Net compr) Tj ET Q q 0 0 0 rg BT 79.57 99.20 Td (ehensive income \(loss\) attributable to common stockholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 99.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.25 99.21 Td (77,568) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.00 99.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.25 99.21 Td (\(62,032) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 99.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 99.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.75 99.21 Td (236,826) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 99.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 99.21 Td (\(66,464) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 99.21 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 578.00 95.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.25 71.25 Td (See notes to the condensed consolidated financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 31.60 Td (3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 190.15 742.25 Td (HINES REAL) Tj ET Q q 0 0 0 rg BT 251.00 742.25 Td ( EST) Tj ET Q q 0 0 0 rg BT 271.66 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 278.14 742.25 Td (TE INVESTMENT) Tj ET Q q 0 0 0 rg BT 361.04 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 363.36 742.25 Td (TRUST) Tj ET Q q 0 0 0 rg BT 395.96 742.25 Td (, INC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 169.65 730.25 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 294.76 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 329.31 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 335.79 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 400.71 730.25 Td ( EQUITY) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.85 718.25 Td (For) Tj ET Q q 0 0 0 rg BT 214.22 718.25 Td ( the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 232.55 718.25 Td (Six Months Ended June 30, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.02 718.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.15 718.25 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 413.15 718.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 272.35 706.25 Td (\(UNAUDITED\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 275.00 694.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 628.75 109.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 159.50 628.75 42.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 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0 J 0 j 3 M 159.5 249.75 m 201.5 249.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 249.75 m 243.5 249.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 249.75 m 297.5 249.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 249.75 m 359.5 249.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 249.75 m 429.5 249.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 249.75 m 494.5 249.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 249.75 m 562.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 227.75 m 201.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 225.75 m 201.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 227.75 m 243.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 225.75 m 243.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 227.75 m 297.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 225.75 m 297.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 227.75 m 359.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 225.75 m 359.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 227.75 m 429.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 225.75 m 429.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 227.75 m 494.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 225.75 m 494.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 227.75 m 562.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 225.75 m 562.5 225.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 216.25 674.20 Td (Hines Real Estate Investment Trust, Inc.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.50 674.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.00 674.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 633.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 162.25 642.20 Td (Common) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 167.05 633.20 Td (Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 208.20 633.20 Td (Amount) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 251.45 651.20 Td (Additional) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.95 642.20 Td (Paid-in) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.70 633.20 Td (Capital) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.50 642.20 Td (Accumulated) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.25 633.20 Td (Deficit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.50 660.20 Td (Accumulated) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.55 651.20 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.05 642.20 Td (Comprehensive) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.85 633.20 Td (Income \(Loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.65 651.20 Td (T) Tj ET Q q 0 0 0 rg BT 458.83 651.20 Td (otal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.30 642.20 Td (Stockholders) Tj ET Q q 0 0 0 rg BT 489.63 642.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.45 633.20 Td (Equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.05 642.20 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 537.38 642.20 Td (olling) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.30 633.20 Td (Inter) Tj ET Q q 0 0 0 rg BT 532.63 633.20 Td (ests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 619.20 Td (BALANCE,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 610.20 Td (January 1, 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 168.75 610.21 Td (231,680) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 208.00 610.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 610.21 Td (232) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 250.00 610.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.00 610.21 Td (1,433,567) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 304.00 610.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 610.21 Td (\(378,017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.00 610.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.00 610.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.75 610.21 Td (\(1,961) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 610.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.00 610.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 610.21 Td (1,053,821) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.00 610.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 610.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 596.21 Td (Issuance of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 587.21 Td (common shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 177.75 587.21 Td (2,998) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.50 587.21 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 269.25 587.21 Td (22,804) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 587.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 587.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.25 587.21 Td (22,807) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 587.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 573.21 Td (Redemption of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 564.21 Td (common shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.50 564.21 Td (\(731) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 198.00 564.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.50 564.21 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.00 564.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 266.25 564.21 Td (\(29,481) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.00 564.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 564.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 564.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.25 564.21 Td (\(29,482) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.00 564.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 564.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 550.21 Td (Distributions declared) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.00 550.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.00 550.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 261.75 550.21 Td (\(231,838) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.00 550.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 550.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 550.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.75 550.21 Td (\(231,838) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.00 550.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.75 550.21 Td (\(1,098) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 550.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 536.21 Td (Other offering costs, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.00 536.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.00 536.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.00 536.21 Td (\(45) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.00 536.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 536.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 536.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.00 536.21 Td (\(45) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.00 536.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 536.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 522.21 Td (Net income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.00 522.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.00 522.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.00 522.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.75 522.21 Td (235,361) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 522.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.75 522.21 Td (235,361) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.75 522.21 Td (1,098) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 508.21 Td (Foreign currency) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 499.21 Td (translation adjustment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.00 499.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.00 499.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.00 499.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 499.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.50 499.21 Td (519) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.50 499.21 Td (519) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 499.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 485.21 Td (Reclassification of foreign) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 476.21 Td (currency translation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 467.21 Td (adjustment to earnings) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.00 467.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.00 467.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.00 467.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 467.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.50 467.21 Td (946) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.50 467.21 Td (946) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 467.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 453.20 Td (BALANCE,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 444.20 Td (June 30, 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 168.75 444.21 Td (233,947) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 208.00 444.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 444.21 Td (234) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 250.00 444.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.00 444.21 Td (1,195,007) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 304.00 444.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 444.21 Td (\(142,656) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.00 444.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.00 444.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.50 444.21 Td (\(496) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 444.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.00 444.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 444.21 Td (1,052,089) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.00 444.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 444.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 388.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 162.25 397.20 Td (Common) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 167.05 388.20 Td (Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 208.20 388.20 Td (Amount) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 251.45 406.20 Td (Additional) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.95 397.20 Td (Paid-in) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.70 388.20 Td (Capital) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.50 397.20 Td (Accumulated) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.25 388.20 Td (Deficit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.50 415.20 Td (Accumulated) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.55 406.20 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.05 397.20 Td (Comprehensive) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.85 388.20 Td (Income \(Loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.65 406.20 Td (T) Tj ET Q q 0 0 0 rg BT 458.83 406.20 Td (otal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.30 397.20 Td (Stockholders) Tj ET Q q 0 0 0 rg BT 489.63 397.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.45 388.20 Td (Equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.05 397.20 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 537.38 397.20 Td (olling) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.30 388.20 Td (Inter) Tj ET Q q 0 0 0 rg BT 532.63 388.20 Td (ests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 374.20 Td (BALANCE,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 365.20 Td (January 1, 2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 168.75 365.21 Td (227,180) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 208.00 365.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 365.21 Td (228) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 250.00 365.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.00 365.21 Td (1,515,111) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 304.00 365.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 365.21 Td (\(301,710) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.00 365.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.00 365.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 365.21 Td (81) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.00 365.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 365.21 Td (1,213,710) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.00 365.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 365.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 351.21 Td (Issuance of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 342.21 Td (common shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 177.75 342.21 Td (3,085) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.50 342.21 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 269.25 342.21 Td (24,002) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 342.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 342.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.25 342.21 Td (24,005) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 342.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 328.21 Td (Redemption of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 319.21 Td (common shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.50 319.21 Td (\(771) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 198.00 319.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.50 319.21 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.00 319.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.75 319.21 Td (\(6,737) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.00 319.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 319.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 319.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.75 319.21 Td (\(6,738) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.00 319.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 319.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 305.21 Td (Distributions declared) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.00 305.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.00 305.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 266.25 305.21 Td (\(57,538) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.00 305.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 305.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 305.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.25 305.21 Td (\(57,538) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.00 305.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.50 305.21 Td (\(278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 305.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 291.21 Td (Other offering costs, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.00 291.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.00 291.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.50 291.21 Td (\(230) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.00 291.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 291.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 291.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.50 291.21 Td (\(230) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.00 291.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 291.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 277.21 Td (Net income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.00 277.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.00 277.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.00 277.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 277.21 Td (\(64,361) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.00 277.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 277.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.25 277.21 Td (\(64,361) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.00 277.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 277.21 Td (278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 263.21 Td (Foreign currency) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 254.21 Td (translation adjustment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.00 254.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.00 254.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.00 254.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 254.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.75 254.21 Td (\(2,103) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 254.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.75 254.21 Td (\(2,103) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.00 254.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 254.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 240.20 Td (BALANCE,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 231.20 Td (June 30, 2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 168.75 231.21 Td (229,494) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 208.00 231.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 231.21 Td (230) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 250.00 231.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.00 231.21 Td (1,474,608) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 304.00 231.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.75 231.21 Td (\(366,071) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.00 231.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.00 231.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.75 231.21 Td (\(2,022) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 231.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.00 231.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 231.21 Td (1,106,745) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.00 231.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 231.21 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.25 203.25 Td (See notes to the condensed consolidated financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 31.60 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 190.15 742.25 Td (HINES REAL) Tj ET Q q 0 0 0 rg BT 251.00 742.25 Td ( EST) Tj ET Q q 0 0 0 rg BT 271.66 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 278.14 742.25 Td (TE INVESTMENT) Tj ET Q q 0 0 0 rg BT 361.04 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 363.36 742.25 Td (TRUST) Tj ET Q q 0 0 0 rg BT 395.96 742.25 Td (, INC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 156.00 730.25 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 281.11 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 315.66 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 322.14 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 387.06 730.25 Td ( CASH FLOWS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.85 718.25 Td (For) Tj ET Q q 0 0 0 rg BT 214.22 718.25 Td ( the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 232.55 718.25 Td (Six Months Ended June 30, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.02 718.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.15 718.25 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 413.15 718.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 272.35 706.25 Td (\(UNAUDITED\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 639.75 356.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 639.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 639.75 4.00 -15.00 re f /GS0 gs 0.8 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RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 474.75 m 482.5 474.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 474.75 m 562.5 474.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 384.75 m 482.5 384.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 384.75 m 562.5 384.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 369.75 m 482.5 369.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 369.75 m 562.5 369.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 249.75 m 482.5 249.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 249.75 m 562.5 249.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 234.75 m 482.5 234.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 234.75 m 562.5 234.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 219.75 m 482.5 219.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 219.75 m 562.5 219.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 189.75 m 482.5 189.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 189.75 m 562.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 175.75 m 482.5 175.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 173.75 m 482.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 175.75 m 562.5 175.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 173.75 m 562.5 173.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 673.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 425.50 673.43 Td (Six Months Ended June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 658.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 434.00 658.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.00 658.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 644.43 Td (CASH FLOWS FROM OPERATING ACTIVITIES:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.00 644.43 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 629.42 Td (Net income \(loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.00 629.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.15 629.42 Td (236,459) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.00 629.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 629.47 Td (\(64,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 629.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 614.42 Td (Adjustments to reconcile net income \(loss\) to cash from operating activities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 614.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 614.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 599.42 Td (Depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.15 599.42 Td (41,488) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 599.42 Td (46,121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 584.42 Td (\(Gain\) loss on sale of discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.80 584.47 Td (\(144,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 584.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 584.47 Td (\(2,566) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 584.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 569.42 Td (Impairment losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.15 569.42 Td (3,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 569.42 Td (46,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 554.42 Td (\(Gain\) loss on sale of unconsolidated joint venture) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.80 554.47 Td (\(16,087) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 554.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 554.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 539.42 Td (Equity in \(earnings\) losses of unconsolidated entities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.80 539.47 Td (\(81,424) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 539.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 539.42 Td (106) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 524.42 Td (Distributions received from unconsolidated entities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.15 524.42 Td (9,390) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 524.42 Td (1,271) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 509.42 Td (\(Gain\) loss on derivative instruments, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.80 509.47 Td (\(19,544) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 509.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 509.47 Td (\(1,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 509.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 494.42 Td (Net change in operating accounts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.80 494.47 Td (\(58,692) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 494.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 494.47 Td (\(16,595) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 494.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 479.42 Td (Net cash from operating activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.80 479.47 Td (\(28,548) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 479.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 479.42 Td (8,938) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 464.43 Td (CASH FLOWS FROM INVESTING ACTIVITIES:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 464.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 464.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 449.42 Td (Investments in unconsolidated entities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.80 449.47 Td (\(10,182) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 449.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 449.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 434.42 Td (Distributions received from unconsolidated entities in excess of equity in earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.15 434.42 Td (2,911) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 434.42 Td (11,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 419.42 Td (Investments in property) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.80 419.47 Td (\(4,608) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 419.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 419.47 Td (\(2,994) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 419.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 404.42 Td (Proceeds from sale of discontinued operations and unconsolidated joint venture) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.15 404.42 Td (436,814) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 404.42 Td (1,976) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 389.42 Td (Change in restricted cash) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.65 389.42 Td (761) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 389.42 Td (766) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 374.42 Td (Net cash from investing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.15 374.42 Td (425,696) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 374.42 Td (11,368) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 359.43 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 359.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 359.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 344.42 Td (Change in other liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.65 344.42 Td (191) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 344.42 Td (229) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 329.42 Td (Redemption of common shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.80 329.47 Td (\(5,559) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 329.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 329.47 Td (\(5,999) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 329.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 314.42 Td (Payments of offering costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.30 314.47 Td (\(46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 314.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.30 314.47 Td (\(138) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 314.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 299.42 Td (Distributions paid to stockholders and noncontrolling interests) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.80 299.47 Td (\(223,885) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 299.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 299.47 Td (\(33,836) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 299.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 284.42 Td (Proceeds from notes payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.15 284.42 Td (446,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 284.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 269.42 Td (Payments on notes payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.80 269.47 Td (\(605,196) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 269.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 269.47 Td (\(1,155) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 269.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 254.42 Td (Additions to deferred financing costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.80 254.47 Td (\(3,850) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 254.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 254.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 239.42 Td (Net cash from financing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.80 239.47 Td (\(392,345) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 239.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 239.47 Td (\(40,899) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 239.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 224.43 Td (Effect of exchange rate changes on cash) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.30 224.47 Td (\(135) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 224.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.30 224.47 Td (\(28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 224.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 209.43 Td (Net change in cash and cash equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.15 209.42 Td (4,668) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 209.47 Td (\(20,621) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 209.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 194.43 Td (Cash and cash equivalents, beginning of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.15 194.42 Td (72,230) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 194.42 Td (130,445) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 179.43 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.00 179.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.15 179.42 Td (76,898) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.00 179.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 179.42 Td (109,824) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.00 163.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.25 151.25 Td (See notes to the condensed consolidated financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 31.60 Td (5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 190.15 742.25 Td (HINES REAL) Tj ET Q q 0 0 0 rg BT 251.00 742.25 Td ( EST) Tj ET Q q 0 0 0 rg BT 271.66 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 278.14 742.25 Td (TE INVESTMENT) Tj ET Q q 0 0 0 rg BT 361.04 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 363.36 742.25 Td (TRUST) Tj ET Q q 0 0 0 rg BT 395.96 742.25 Td (, INC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 142.65 730.25 Td (NOTES) Tj ET Q q 0 0 0 rg BT 178.87 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 185.36 730.25 Td (O CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 320.75 730.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 399.93 730.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 413.92 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 420.40 730.25 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.85 718.25 Td (For) Tj ET Q q 0 0 0 rg BT 214.22 718.25 Td ( the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 232.55 718.25 Td (Six Months Ended June 30, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.02 718.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.15 718.25 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 413.15 718.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 272.35 706.25 Td (\(UNAUDITED\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 683.25 Td (1.Organization) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 659.25 Td (The accompanying interim unaudited condensed consolidated financial information has been pr) Tj ET Q q 0 0 0 rg BT 452.58 659.25 Td (epar) Tj ET Q q 0 0 0 rg BT 470.53 659.25 Td (ed accor) Tj ET Q q 0 0 0 rg BT 504.87 659.25 Td (ding to the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 647.25 Td (rules and r) Tj ET Q q 0 0 0 rg BT 93.52 647.25 Td (egulations of the United States Securities and Exchange Commission \(SEC\). Certain information and footnote ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 635.25 Td (disclosur) Tj ET Q q 0 0 0 rg BT 86.30 635.25 Td (es normally included in financial statements pr) Tj ET Q q 0 0 0 rg BT 274.24 635.25 Td (epar) Tj ET Q q 0 0 0 rg BT 292.20 635.25 Td (ed in accor) Tj ET Q q 0 0 0 rg BT 336.81 635.25 Td (dance with accounting principles generally accepted in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 623.25 Td (the United States of ) Tj ET Q q 0 0 0 rg BT 130.92 623.25 Td (America \(GAAP\) have been condensed or omitted accor) Tj ET Q q 0 0 0 rg BT 366.87 623.25 Td (ding to such rules and r) Tj ET Q q 0 0 0 rg BT 461.78 623.25 Td (egulations. For further ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 611.25 Td (information, r) Tj ET Q q 0 0 0 rg BT 105.75 611.25 Td (efer to the financial statements and footnotes for the year ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.75 611.25 Td (December31, 2012) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 442.34 611.25 Td ( included in Hines Real ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 599.25 Td (Estate Investment T) Tj ET Q q 0 0 0 rg BT 128.32 599.25 Td (rust, Inc.) Tj ET Q q 0 0 0 rg BT 166.19 599.25 Td (s ) Tj ET Q q 0 0 0 rg BT 172.40 599.25 Td (Annual Report on Form10-K for the year ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 368.76 599.25 Td (December31, 2012) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 447.35 599.25 Td (. In the opinion of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 587.25 Td (management, all adjustments and eliminations, consisting only of normal r) Tj ET Q q 0 0 0 rg BT 349.34 587.25 Td (ecurring adjustments, necessary to pr) Tj ET Q q 0 0 0 rg BT 499.79 587.25 Td (esent fairly and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 575.25 Td (in conformity with GAAP) Tj ET Q q 0 0 0 rg BT 151.20 575.25 Td ( the financial position of Hines Real Estate Investment T) Tj ET Q q 0 0 0 rg BT 376.45 575.25 Td (rust, Inc. as of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 436.45 575.25 Td (June30, 2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 492.82 575.25 Td ( and the r) Tj ET Q q 0 0 0 rg BT 531.06 575.25 Td (esults ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 563.25 Td (of operations for the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 134.44 563.25 Td (thr) Tj ET Q q 0 0 0 rg BT 145.74 563.25 Td (ee and six) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 185.73 563.25 Td ( months ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 246.00 563.25 Td (June30, 2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 302.37 563.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 322.37 563.25 Td (2012) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 342.37 563.25 Td ( and cash flows for the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 435.71 563.25 Td (six months ended) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 504.58 563.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 507.08 563.25 Td (June30, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 551.25 Td (2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 70.00 551.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 551.25 Td (2012) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 110.00 551.25 Td ( have been included. The r) Tj ET Q q 0 0 0 rg BT 215.71 551.25 Td (esults of operations for such interim periods ar) Tj ET Q q 0 0 0 rg BT 403.95 551.25 Td (e not necessarily indicative of the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 539.25 Td (r) Tj ET Q q 0 0 0 rg BT 53.52 539.25 Td (esults for the full year) Tj ET Q q 0 0 0 rg BT 140.18 539.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 515.25 Td (Hines Real Estate Investment ) Tj ET Q q 0 0 0 rg BT 188.34 515.25 Td (T) Tj ET Q q 0 0 0 rg BT 194.10 515.25 Td (rust, Inc., a Maryland corporation \(Hines REIT and, together with its consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (subsidiaries, the Company\), was formed on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.40 503.25 Td (August5, 2003) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.80 503.25 Td ( under the Maryland General Corporation Law for the purpose of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td (engaging in the business of investing in and owning interests in real estate. Beginning with its taxable year ended December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (2004, the Company operated and intends to continue to operate in a manner to qualify as a real estate investment trust \(REIT\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (for federal income tax purposes. ) Tj ET Q q 0 0 0 rg BT 181.44 467.25 Td (The Company is structured as an umbrella partnership REIT) Tj ET Q q 0 0 0 rg BT 422.86 467.25 Td ( under which substantially all of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 455.25 Td (the Company) Tj ET Q q 0 0 0 rg BT 106.38 455.25 Td (s current and future business is and will be conducted through its majority-owned subsidiary) Tj ET Q q 0 0 0 rg BT 475.38 455.25 Td (, Hines REIT) Tj ET Q q 0 0 0 rg BT 528.25 455.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (Properties, L.P) Tj ET Q q 0 0 0 rg BT 108.61 443.25 Td (. \(the Operating Partnership\). Hines REIT) Tj ET Q q 0 0 0 rg BT 284.76 443.25 Td ( is the sole general partner of the Operating Partnership. Subject to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 431.25 Td (certain restrictions and limitations, the business of the Company is managed by Hines ) Tj ET Q q 0 0 0 rg BT 394.94 431.25 Td (Advisors Limited Partnership \(the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (Advisor\), an af) Tj ET Q q 0 0 0 rg BT 118.96 419.25 Td (filiate of Hines Interests Limited Partnership \(Hines\), pursuant to the advisory agreement between the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (Company and the ) Tj ET Q q 0 0 0 rg BT 122.49 407.25 Td (Advisor) Tj ET Q q 0 0 0 rg BT 154.16 407.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 383.25 Td (Public Offering) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 359.25 Td (Hines REIT) Tj ET Q q 0 0 0 rg BT 115.87 359.25 Td ( has raised approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.83 359.25 Td ($2.7 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.95 359.25 Td ( through public of) Tj ET Q q 0 0 0 rg BT 338.70 359.25 Td (ferings of its common stock, including shares of its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (common stock of) Tj ET Q q 0 0 0 rg BT 119.25 347.25 Td (fered pursuant to its dividend reinvestment plan, since Hines REIT) Tj ET Q q 0 0 0 rg BT 386.23 347.25 Td ( commenced its initial public of) Tj ET Q q 0 0 0 rg BT 512.96 347.25 Td (fering in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (June 2004.) Tj ET Q q 0 0 0 rg BT 98.15 335.25 Td (The Company commenced a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.33 335.25 Td ($150.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.22 335.25 Td ( of) Tj ET Q q 0 0 0 rg BT 284.87 335.25 Td (fering of shares of its common stock under its dividend reinvestment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (plan on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.22 323.25 Td (July1, 2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.39 323.25 Td (, which closed on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.87 323.25 Td (June30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.70 323.25 Td (, immediately prior to the commencement of the Company) Tj ET Q q 0 0 0 rg BT 497.14 323.25 Td (s new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.69 323.25 Td ($300.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 311.25 Td ( of) Tj ET Q q 0 0 0 rg BT 89.54 311.25 Td (fering of shares of its common stock under its dividend reinvestment plan on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.20 311.25 Td (July1, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.37 311.25 Td (. ) Tj ET Q q 0 0 0 rg BT 453.19 311.25 Td (The Company refers to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (both of) Tj ET Q q 0 0 0 rg BT 78.43 299.25 Td (ferings of shares under its dividend reinvestment plan collectively asthe DRP) Tj ET Q q 0 0 0 rg BT 396.31 299.25 Td ( Of) Tj ET Q q 0 0 0 rg BT 409.18 299.25 Td (fering. From inception of the DRP) Tj ET Q q 0 0 0 rg BT 551.01 299.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 287.25 Td (fering through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.36 287.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.19 287.25 Td (, Hines REIT) Tj ET Q q 0 0 0 rg BT 229.05 287.25 Td ( received gross of) Tj ET Q q 0 0 0 rg BT 299.68 287.25 Td (fering proceeds of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.92 287.25 Td ($149.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.81 287.25 Td ( from the sale of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.85 287.25 Td (17.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.74 287.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (shares through the DRP) Tj ET Q q 0 0 0 rg BT 144.90 275.25 Td ( Of) Tj ET Q q 0 0 0 rg BT 157.77 275.25 Td (fering.Based on market conditions and other considerations, the Company does not currently expect ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (to commence any future of) Tj ET Q q 0 0 0 rg BT 157.55 263.25 Td (ferings other than those related to shares issued under its dividend reinvestment plan. On ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.97 263.25 Td (July1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 251.25 Td (, Hines REIT) Tj ET Q q 0 0 0 rg BT 122.87 251.25 Td ( received gross of) Tj ET Q q 0 0 0 rg BT 193.49 251.25 Td (fering proceeds of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.74 251.25 Td ($5.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.63 251.25 Td ( from the sale of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.66 251.25 Td (0.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.55 251.25 Td ( shares through the DRP) Tj ET Q q 0 0 0 rg BT 526.95 251.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 239.25 Td (fering.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 215.25 Td (Hines REIT) Tj ET Q q 0 0 0 rg BT 115.87 215.25 Td ( contributes all net proceeds from its public of) Tj ET Q q 0 0 0 rg BT 300.08 215.25 Td (ferings to the Operating Partnership in exchange for partnership ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (units in the Operating Partnership. ) Tj ET Q q 0 0 0 rg BT 189.42 203.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.87 203.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.70 203.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.14 203.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.72 203.25 Td (, Hines REIT) Tj ET Q q 0 0 0 rg BT 420.59 203.25 Td ( owned a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.18 203.25 Td (94.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.01 203.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.95 203.25 Td (94.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.78 203.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (general partner interest, respectively) Tj ET Q q 0 0 0 rg BT 194.83 191.25 Td (, in the Operating Partnership. Hines 2005 ) Tj ET Q q 0 0 0 rg BT 366.01 191.25 Td (VS I LP) Tj ET Q q 0 0 0 rg BT 397.69 191.25 Td (, an af) Tj ET Q q 0 0 0 rg BT 422.21 191.25 Td (filiate of Hines, owned a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.29 191.25 Td (0.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.12 191.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.94 179.25 Td (0.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.77 179.25 Td ( limited partnership interest in the Operating Partnership as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.71 179.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.54 179.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.97 179.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.56 179.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 534.22 179.25 Td (. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (addition, another af) Tj ET Q q 0 0 0 rg BT 127.85 167.25 Td (filiate of Hines, HALP) Tj ET Q q 0 0 0 rg BT 218.57 167.25 Td ( ) Tj ET Q q 0 0 0 rg BT 220.52 167.25 Td (Associates Limited Partnership \(HALP\), owned a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.74 167.25 Td (5.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.57 167.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.01 167.25 Td (4.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.84 167.25 Td ( limited ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (partnership interest in the Operating Partnership as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.61 155.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.44 155.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.88 155.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.46 155.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 473.12 155.25 Td (, which is a profits ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (interest \(the Participation Interest\). ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 119.25 Td (Investment Pr) Tj ET Q q 0 0 0 rg BT 114.44 119.25 Td (operty) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 95.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.44 95.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.27 95.25 Td (, the Company owned direct and indirect investments in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.33 95.25 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.33 95.25 Td ( properties. ) Tj ET Q q 0 0 0 rg BT 431.64 95.25 Td (These properties consisted of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.05 95.25 Td (32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 561.05 95.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 83.25 Td (U.S. of) Tj ET Q q 0 0 0 rg BT 78.43 83.25 Td (fice properties, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.90 83.25 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.34 83.25 Td ( industrial property in Dallas, ) Tj ET Q q 0 0 0 rg BT 275.14 83.25 Td (T) Tj ET Q q 0 0 0 rg BT 280.55 83.25 Td (exas and a portfolio of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.02 83.25 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.02 83.25 Td ( grocery-anchored shopping centers located ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 71.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.28 71.25 Td (five) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 71.25 Td ( states primarily in the southeastern United States \(the Grocery-Anchored Portfolio\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (The Company makes investments directly through entities that are wholly-owned by the Operating Partnership, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (indirectly through other entities, such as through its investment in Hines USCore Of) Tj ET Q q 0 0 0 rg BT 388.66 730.10 Td (fice Fund LP) Tj ET Q q 0 0 0 rg BT 440.50 730.10 Td ( \(the Core Fund\) in which it ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (owned a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.10 718.10 Td (27.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.93 718.10 Td ( non-managing general partner interest as of both ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.30 718.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.13 718.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.57 718.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.16 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 469.98 718.10 Td (The Company also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (owned a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.10 706.10 Td (70%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.43 706.10 Td ( interest in the Grocery-Anchored Portfolio indirectly through a joint venture with ) Tj ET Q q 0 0 0 rg BT 434.72 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 443.35 706.10 Td (eingarten Realty Investors as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (of both ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.11 694.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.94 694.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.38 694.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.96 694.10 Td (. In January 2013, the Company sold its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.61 694.10 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.94 694.10 Td ( interest in Distribution Park Rio, an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (industrial property in Rio de Janeiro, Brazil, that was held through a joint venture with a Hines af) Tj ET Q q 0 0 0 rg BT 438.89 682.10 Td (filiate. See Note5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Investments in Unconsolidated Entities for additional information regarding the Company) Tj ET Q q 0 0 0 rg BT 412.98 670.10 Td (s investments in unconsolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (entities.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 635.25 Td (2.Summary of Significant ) Tj ET Q q 0 0 0 rg BT 163.54 635.25 Td (Accounting Policies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 611.25 Td (Described below are certain of the Company) Tj ET Q q 0 0 0 rg BT 249.60 611.25 Td (s significant accounting policies. ) Tj ET Q q 0 0 0 rg BT 383.00 611.25 Td (The disclosures regarding several of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 599.25 Td (policies have been condensed or omitted in accordance with interim reporting regulations specified by Form 10-Q. Please see ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 587.25 Td (the Company) Tj ET Q q 0 0 0 rg BT 106.38 587.25 Td (s ) Tj ET Q q 0 0 0 rg BT 112.22 587.25 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.56 587.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.14 587.25 Td ( for a complete listing of all of its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 575.25 Td (significant accounting policies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 563.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 551.25 Td (Use of Estimates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 527.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 127.71 527.25 Td (s condensed consolidated financial statements have been prepared in accordance with accounting principles ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 515.25 Td (generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 218.55 515.25 Td (America \(GAAP\). ) Tj ET Q q 0 0 0 rg BT 303.06 515.25 Td (The preparation of the condensed consolidated financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (statements requires the Company to make estimates and judgments that af) Tj ET Q q 0 0 0 rg BT 345.85 503.25 Td (fect the reported amounts of assets, liabilities and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td (contingencies as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 84.26 479.25 Td (The Company evaluates its assumptions and estimates on an ongoing basis. ) Tj ET Q q 0 0 0 rg BT 388.48 479.25 Td (The Company bases its estimates on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 455.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 455.25 Td (, application of the Company) Tj ET Q q 0 0 0 rg BT 219.04 455.25 Td (s accounting policies involves exercising judgments regarding assumptions as to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (future uncertainties. ) Tj ET Q q 0 0 0 rg BT 131.91 443.25 Td (Actual results may dif) Tj ET Q q 0 0 0 rg BT 220.32 443.25 Td (fer from these estimates under dif) Tj ET Q q 0 0 0 rg BT 354.81 443.25 Td (ferent assumptions or conditions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 419.25 Td (Basis of Pr) Tj ET Q q 0 0 0 rg BT 103.08 419.25 Td (esentation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 395.25 Td (The condensed consolidated financial statements of the Company included in this quarterly report include the accounts of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (Hines REIT) Tj ET Q q 0 0 0 rg BT 97.30 383.25 Td (, the Operating Partnership and the Operating Partnership) Tj ET Q q 0 0 0 rg BT 330.02 383.25 Td (s wholly-owned subsidiaries as well as the related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (amounts of noncontrolling interests. ) Tj ET Q q 0 0 0 rg BT 196.37 371.25 Td (All intercompany balances and transactions have been eliminated in consolidation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 347.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 127.71 347.25 Td (s investments in partially-owned real estate joint ventures and partnerships are reviewed for impairment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (periodically) Tj ET Q q 0 0 0 rg BT 97.11 335.25 Td (. ) Tj ET Q q 0 0 0 rg BT 101.93 335.25 Td (The Company will record an impairment char) Tj ET Q q 0 0 0 rg BT 285.02 335.25 Td (ge if it determines that a decline in the value of an investment below ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (its carrying value is other than temporary) Tj ET Q q 0 0 0 rg BT 214.30 323.25 Td (.) Tj ET Q q 0 0 0 rg BT 221.62 323.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 281.33 323.25 Td (s analysis will be dependent on a number of factors, including the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (performance of each investment, current market conditions, and its intent and ability to hold the investment to full recovery) Tj ET Q q 0 0 0 rg BT 543.09 311.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (Based on the Company) Tj ET Q q 0 0 0 rg BT 145.82 299.25 Td (s analysis of the facts and circumstances at each reporting period, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.17 299.25 Td (no) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.17 299.25 Td ( impairment was recorded related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (to its investments in the Core Fund and the Grocery-Anchored Portfolio for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.10 287.25 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.20 287.25 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.02 287.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.85 287.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 275.25 Td (. Further) Tj ET Q q 0 0 0 rg BT 106.54 275.25 Td (, no impairment was recorded related to the Company) Tj ET Q q 0 0 0 rg BT 324.53 275.25 Td (s investment in Distribution Park Rio for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.07 275.25 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 556.16 275.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.33 263.25 Td (June30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.16 263.25 Td (. ) Tj ET Q q 0 0 0 rg BT 171.47 263.25 Td (The Company sold its investment in Distribution Park Rio in January 2013. See Note5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (Investments in Unconsolidated Entities for additional information regarding the sale. However) Tj ET Q q 0 0 0 rg BT 430.61 251.25 Td (, if market conditions deteriorate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (in the future and result in lower valuations or reduced cash flows of the Company) Tj ET Q q 0 0 0 rg BT 379.36 239.25 Td (s remaining investments, impairment char) Tj ET Q q 0 0 0 rg BT 547.19 239.25 Td (ges ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (may be recorded in future periods.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 203.25 Td (International Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 179.25 Td (In addition to its properties in the United States, the Company has owned investments in Canada and Brazil, although the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (Company no longer owned any investments outside the United States as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.17 167.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 167.25 Td (. ) Tj ET Q q 0 0 0 rg BT 412.82 167.25 Td (The Company disposed of its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (investment in Distribution Park Rio in January 2013. Upon disposal of this investment, the Company realized a loss of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.88 155.25 Td ($0.9 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 143.25 Td ( related to thecurrency translation adjustment which was included in the gain \(loss\) on sale of unconsolidated joint ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (venture in its condensed consolidated statement of operations for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.14 131.25 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.14 131.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.64 131.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.47 131.25 Td (.) Tj ET Q q 0 0 0 rg BT 459.92 131.25 Td (Accumulated other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (comprehensive income \(loss\) as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.85 119.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.68 119.25 Td ( is related to the remaining non-operating net assets of the disposed directly-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (owned properties in Brazil and Canada.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 83.25 Td (Impairment of Investment Pr) Tj ET Q q 0 0 0 rg BT 173.88 83.25 Td (operty) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 59.25 Td (Real estate assets are reviewed for impairment each reporting period if events or changes in circumstances indicate that the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 47.25 Td (carrying amount of the individual property may not be recoverable. In such an event, a comparison will be made of the current ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (and projected cash flows of each property on an undiscounted basis to the carrying amount of such property) Tj ET Q q 0 0 0 rg BT 480.61 742.10 Td (.If undiscounted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (cash flows are less than the carrying amount, such carrying amount would be adjusted, if necessary) Tj ET Q q 0 0 0 rg BT 446.17 730.10 Td (, to estimated fair values to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (reflect impairment in the value of the asset.See Note 13 Fair ) Tj ET Q q 0 0 0 rg BT 310.57 718.10 Td (V) Tj ET Q q 0 0 0 rg BT 316.68 718.10 Td (alue Disclosures for additional information regarding the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 706.10 Td (s policy for determining fair values of its investment property) Tj ET Q q 0 0 0 rg BT 337.34 706.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 682.10 Td (At June 30, 2013, the Company determined that its directly-owned investment property located in El Segundo, California ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (was impaired as a result of the contract sales price of the investment being less than its carrying value. ) Tj ET Q q 0 0 0 rg BT 463.48 670.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 513.38 670.10 Td (, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Company determined that its directly-owned investment property located in Minneapolis, Minnesota was impaired as a result ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (of the projected undiscounted cash flows for the property being less than its carrying values. ) Tj ET Q q 0 0 0 rg BT 423.51 646.10 Td (As a result, an impairment loss ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (was recorded related to those certain properties of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.13 634.10 Td ($4.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.03 634.10 Td ( for the three and six months ended June 30, 2013. See Note 13 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( Fair ) Tj ET Q q 0 0 0 rg BT 80.93 622.10 Td (V) Tj ET Q q 0 0 0 rg BT 87.04 622.10 Td (alue Disclosures for additional information. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 598.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.50 598.10 Td (June30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.33 598.10 Td (, the Company determined that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.41 598.10 Td (two) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.41 598.10 Td ( of its directly-owned investment properties located in Melville, New ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.22 586.10 Td (ork and Seattle, ) Tj ET Q q 0 0 0 rg BT 121.02 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 129.66 586.10 Td (ashington were impaired as a result of the projected undiscounted cash flows for these properties being less ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (than their carrying values. ) Tj ET Q q 0 0 0 rg BT 156.35 574.10 Td (As a result, an impairment loss was recorded related to those certain properties of $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.85 574.10 Td (46.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.75 574.10 Td ( for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (the three and six months ended June 30, 2012. See Note 13 Fair ) Tj ET Q q 0 0 0 rg BT 319.77 562.10 Td (V) Tj ET Q q 0 0 0 rg BT 325.88 562.10 Td (alue Disclosures for additional information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 538.10 Td (During the second quarter of 2012, an impairment loss was recorded related to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.57 538.10 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.01 538.10 Td ( of the Company) Tj ET Q q 0 0 0 rg BT 468.72 538.10 Td (s indirectly-owned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (properties located in a suburban area of Sacramento, California totaling $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.51 526.10 Td (3.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.40 526.10 Td ( for the three and six months ended June ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (30, 2012. See Note 5 Investments in Unconsolidated Entities for additional information. If market conditions deteriorate or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (if management) Tj ET Q q 0 0 0 rg BT 112.48 502.10 Td (s plans for certain properties change, additional impairment char) Tj ET Q q 0 0 0 rg BT 370.25 502.10 Td (ges could be required in the future. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 63.64 478.10 Td (enant and Other Receivables) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td (Receivable balances outstanding consist primarily of base rents, tenant reimbursements and receivables attributable to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (straight-line rent. ) Tj ET Q q 0 0 0 rg BT 123.32 442.10 Td (An allowance for the uncollectible portion of tenant and other receivables is determined based upon an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (analysis of the tenant) Tj ET Q q 0 0 0 rg BT 137.48 430.10 Td (s payment history) Tj ET Q q 0 0 0 rg BT 207.93 430.10 Td (, the financial condition of the tenant, business conditions in the industry in which the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (tenant operates and economic conditions in the area in which the property is located.) Tj ET Q q 0 0 0 rg BT 390.54 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 395.95 418.10 Td (enant and other receivables are shown at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (cost in the condensed consolidated balance sheets, net of allowance for doubtful accounts of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.26 406.10 Td ($4.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.16 406.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.59 406.10 Td ($6.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.49 406.10 Td ( at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.83 394.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.27 394.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.85 394.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 256.51 394.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 370.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 85.29 370.10 Td (ed Leasing Costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 73.41 346.10 Td (enant inducement amortization was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.80 346.10 Td ($4.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.70 346.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.13 346.10 Td ($3.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.03 346.10 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.40 346.10 Td (three months ended June 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.04 346.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.48 346.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.48 346.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 334.10 Td (, and was recorded as an of) Tj ET Q q 0 0 0 rg BT 206.04 334.10 Td (fset to rental revenue. In addition, the Company recorded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.35 334.10 Td ($1.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.25 334.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.68 334.10 Td ($1.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.58 334.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (as amortization expense related to other direct leasing costs for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.07 322.10 Td (three months ended June 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.71 322.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.15 322.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.15 322.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 547.81 322.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 73.41 298.10 Td (enant inducement amortization was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.80 298.10 Td ($8.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.70 298.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.13 298.10 Td ($7.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.03 298.10 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.40 298.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.40 298.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.90 298.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.73 298.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.17 298.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.17 298.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 286.10 Td (, and was recorded as an of) Tj ET Q q 0 0 0 rg BT 206.04 286.10 Td (fset to rental revenue. In addition, the Company recorded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.35 286.10 Td ($3.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.25 286.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.68 286.10 Td ($3.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.58 286.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (as amortization expense related to other direct leasing costs for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.07 274.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.06 274.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.56 274.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.39 274.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.83 274.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.83 274.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 539.49 274.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 250.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 84.65 250.10 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 226.10 Td (Other assets included the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 188.60 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 188.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 188.60 16.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 188.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 158.60 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 158.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 158.60 16.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 158.60 90.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 188.60000000000002 m 456.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 188.60000000000002 m 562.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 143.60000000000002 m 456.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 143.60000000000002 m 562.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 129.60000000000002 m 456.5 129.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 127.60000000000002 m 456.5 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 129.60000000000002 m 562.5 129.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 127.60000000000002 m 562.5 127.60000000000002 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.95 193.28 Td (June 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.00 193.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.65 193.28 Td (December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 178.27 Td (Prepaid insurance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 178.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.15 178.27 Td (2,001) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.00 178.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.00 178.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 178.27 Td (972) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 163.27 Td (Prepaid/deferred taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.15 163.27 Td (1,239) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 163.27 Td (1,269) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 148.27 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.65 148.27 Td (765) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.00 148.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 148.27 Td (880) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 133.27 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 133.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.15 133.27 Td (4,005) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.00 133.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.00 133.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 133.27 Td (3,121) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 105.10 Td (Revenue Recognition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 81.10 Td (Rental payments are generally paid by the tenants prior to the beginning of each month. ) Tj ET Q q 0 0 0 rg BT 420.68 81.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.12 81.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.95 81.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 69.10 Td (, the Company recorded liabilities of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.71 69.10 Td ($5.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.60 69.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.04 69.10 Td ($1) Tj ET Q q 0 0 0 rg BT 355.67 69.10 Td (1.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.56 69.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 452.22 69.10 Td (, related to prepaid rental ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (payments which were included in other liabilities in the accompanying condensed consolidated balance sheets.) Tj ET Q q 0 0 0 rg BT 495.51 57.10 Td (The Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (recognizes rental revenue on a straight-line basis over the life of the lease including rent holidays, if any) Tj ET Q q 0 0 0 rg BT 465.87 742.10 Td (. Straight-line rent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (receivable was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.63 730.10 Td ($50.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.52 730.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.96 730.10 Td ($56.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.85 730.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.01 730.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.84 730.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.28 730.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.87 730.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 469.53 730.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 706.10 Td (Redemption of Common Stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 682.10 Td (In March 2013, the Company) Tj ET Q q 0 0 0 rg BT 188.81 682.10 Td (s board of directors amended and restated the Company) Tj ET Q q 0 0 0 rg BT 414.29 682.10 Td (s share redemption program to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (reinstate the program ef) Tj ET Q q 0 0 0 rg BT 145.05 670.10 Td (fective for share redemption requests received on or after ) Tj ET Q q 0 0 0 rg BT 375.78 670.10 Td (April 1, 2013 at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.61 670.10 Td ($5.75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.11 670.10 Td ( per share, subject to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (conditions and limitations described in the amended and restated share redemption program. Prior to its reinstatement, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (share redemption program had been suspended by the board of directors since November 30, 2009, except with respect to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (redemption requests made in connection with the death or disability \(as defined in the Internal Revenue Code of 1986, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (amended\) of a stockholder) Tj ET Q q 0 0 0 rg BT 155.80 622.10 Td (. Generally) Tj ET Q q 0 0 0 rg BT 202.07 622.10 Td (, funds available for redemption are limited to the amount of proceeds received from the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 610.10 Td (s dividend reinvestment plan in the prior quarter) Tj ET Q q 0 0 0 rg BT 284.12 610.10 Td (. However) Tj ET Q q 0 0 0 rg BT 327.87 610.10 Td (, the Board has the discretion to redeem shares in excess ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (of this amount if it determines there are suf) Tj ET Q q 0 0 0 rg BT 222.54 598.10 Td (ficient available funds and it is appropriate to do so as long as the total amount ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (redeemed does not exceed the amount required to redeem ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.95 586.10 Td (10%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.28 586.10 Td ( of the Company) Tj ET Q q 0 0 0 rg BT 371.00 586.10 Td (s shares outstanding as of the same date in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (prior calendar year) Tj ET Q q 0 0 0 rg BT 124.96 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 132.28 574.10 Td (The Board determined to waive the limitation on the share redemption plan and fully honor all redemption ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (requests received for the quarter ended June 30, 2013, which was in excess of the $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.94 562.10 Td (1) Tj ET Q q 0 0 0 rg BT 387.57 562.10 Td (1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.46 562.10 Td ( received from the dividend ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (reinvestment plan in the prior quarter) Tj ET Q q 0 0 0 rg BT 198.56 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 205.88 550.10 Td (The Company has recorded liabilities of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.17 550.10 Td ($26.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.06 550.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.50 550.10 Td ($2.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.39 550.10 Td ( in accounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (payable and accrued expenses in the accompanying condensed consolidated balance sheets as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.90 538.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.73 538.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 526.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 181.25 526.10 Td (, related to shares tendered for redemption and approved by the board of directors, but which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (were not redeemed until the subsequent month. Such amounts have been included in redemption of common shares in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (accompanying condensed consolidated statements of equity) Tj ET Q q 0 0 0 rg BT 288.45 502.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 490.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 478.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 88.52 478.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 146.19 478.10 Td (onouncements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td (In December 201) Tj ET Q q 0 0 0 rg BT 137.04 454.10 Td (1, the Financial ) Tj ET Q q 0 0 0 rg BT 200.92 454.10 Td (Accounting Standards Board \(F) Tj ET Q q 0 0 0 rg BT 331.54 454.10 Td (ASB\) issued guidance on disclosures about of) Tj ET Q q 0 0 0 rg BT 519.66 454.10 Td (fsetting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (assets and liabilities. ) Tj ET Q q 0 0 0 rg BT 134.80 442.10 Td (This guidance results in enhanced disclosures by requiring improved information about financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (instruments and derivative instruments that are either \(1\) of) Tj ET Q q 0 0 0 rg BT 287.52 430.10 Td (fset in accordance with either ) Tj ET Q q 0 0 0 rg BT 407.19 430.10 Td (ASC 210-20-45 or ) Tj ET Q q 0 0 0 rg BT 483.58 430.10 Td (ASC 815-10-45 or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (\(2\) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are of) Tj ET Q q 0 0 0 rg BT 503.23 418.10 Td (fset in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (accordance with either ) Tj ET Q q 0 0 0 rg BT 142.45 406.10 Td (ASC 210-20-45 or ) Tj ET Q q 0 0 0 rg BT 218.84 406.10 Td (ASC 815-10-45. ) Tj ET Q q 0 0 0 rg BT 287.28 406.10 Td (The adoption of this guidance was ef) Tj ET Q q 0 0 0 rg BT 434.83 406.10 Td (fective for annual periods ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (beginning on or after January 1, 2013 and interim periods within those annual periods. ) Tj ET Q q 0 0 0 rg BT 398.08 394.10 Td (The adoption of this guidance did not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (have a material ef) Tj ET Q q 0 0 0 rg BT 121.16 382.10 Td (fect on the Company) Tj ET Q q 0 0 0 rg BT 207.53 382.10 Td (s financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 358.10 Td (In October 2012, F) Tj ET Q q 0 0 0 rg BT 143.36 358.10 Td (ASB clarified and relocated guidance in the ) Tj ET Q q 0 0 0 rg BT 320.24 358.10 Td (Accounting Standards Codification \(the Codification\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (corrected unintended application of guidance and made minor improvements to the Codification that are not expected to have a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (significant ef) Tj ET Q q 0 0 0 rg BT 102.30 334.10 Td (fect on current accounting practice. ) Tj ET Q q 0 0 0 rg BT 248.06 334.10 Td (Amendments made to the Codification without transition guidance were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 322.10 Td (fective upon issuance and amendments subject to transition guidance was ef) Tj ET Q q 0 0 0 rg BT 361.76 322.10 Td (fective for fiscal periods beginning after ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (December 15, 2012. ) Tj ET Q q 0 0 0 rg BT 135.90 310.10 Td (This guidance did not have a material impact on the Company) Tj ET Q q 0 0 0 rg BT 387.50 310.10 Td (s financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 286.10 Td (In February 2013, F) Tj ET Q q 0 0 0 rg BT 147.25 286.10 Td (ASB issued guidance to improve the transparency of reporting reclassifications out of accumulated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (other comprehensive income. ) Tj ET Q q 0 0 0 rg BT 172.83 274.10 Td (The adoption of this guidance was ef) Tj ET Q q 0 0 0 rg BT 320.39 274.10 Td (fective for interim and annual periods beginning after ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (December 15, 2012. ) Tj ET Q q 0 0 0 rg BT 135.90 262.10 Td (The adoption of this guidance did not have a material impact on the Company) Tj ET Q q 0 0 0 rg BT 450.54 262.10 Td (s financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 238.10 Td (In February 2013, F) Tj ET Q q 0 0 0 rg BT 147.25 238.10 Td (ASB issued amendments to provide guidance on the recognition, measurement and disclosure of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (obligations resulting from joint and several liability arrangements for which the total amount of obligation within the scope of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (this guidance is fixed at the reporting date, except for obligations addressed within existing guidance in GAAP) Tj ET Q q 0 0 0 rg BT 491.84 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 499.16 214.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (amendments are ef) Tj ET Q q 0 0 0 rg BT 125.34 202.10 Td (fective for fiscal years, and interim periods within those years, beginning after December 15, 2013. ) Tj ET Q q 0 0 0 rg BT 526.69 202.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Company does not believe the adoption of this guidance will have a material impact on the Company) Tj ET Q q 0 0 0 rg BT 457.68 190.10 Td (s financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 166.10 Td (In March 2013, F) Tj ET Q q 0 0 0 rg BT 137.25 166.10 Td (ASB issued guidance on releasing cumulative translation adjustments when a reporting entity ceases to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (have a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity) Tj ET Q q 0 0 0 rg BT 486.75 154.10 Td (. In addition, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (these amendments provide guidance on the release of cumulative translation adjustments in partial sales of equity method ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 105.09 130.10 Td (The guidance is ef) Tj ET Q q 0 0 0 rg BT 178.49 130.10 Td (fective on a prospective basis for fiscal years and interim reporting periods within those years ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (beginning after December 15, 2013. ) Tj ET Q q 0 0 0 rg BT 199.21 118.10 Td (The Company does not believe the adoption of this guidance will have a material impact ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (on the Company) Tj ET Q q 0 0 0 rg BT 118.88 106.10 Td (s financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 82.10 Td (In July 2013, F) Tj ET Q q 0 0 0 rg BT 127.82 82.10 Td (ASB issued amendments to the Codification to provide guidance on the presentation of an unrecognized tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. ) Tj ET Q q 0 0 0 rg BT 456.62 70.10 Td (These amendments will ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (be ef) Tj ET Q q 0 0 0 rg BT 69.53 58.10 Td (fective for fiscal years, and interim periods within those years, beginning after December 31, 2013. ) Tj ET Q q 0 0 0 rg BT 470.88 58.10 Td (The Company does ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (not believe the adoption of this guidance will have a material impact on the Company) Tj ET Q q 0 0 0 rg BT 395.46 46.10 Td (s financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 (9) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 719.25 Td (3.Real Estate Investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 695.25 Td (Investment property consisted of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 657.75 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 657.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 657.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 657.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 627.75 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 627.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 627.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 627.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 597.75 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 597.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 597.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 597.75 90.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 657.75 m 468.5 657.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 657.75 m 562.5 657.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 657.75 m 468.5 657.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 657.75 m 562.5 657.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 627.75 m 468.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 627.75 m 562.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 627.75 m 468.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 597.75 m 468.5 597.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 597.75 m 562.5 597.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 597.75 m 468.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 583.75 m 468.5 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 581.75 m 468.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 583.75 m 562.5 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 581.75 m 562.5 581.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 662.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.95 662.43 Td (June 30, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.65 662.43 Td (December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 647.42 Td (Buildings and improvements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 647.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 647.42 Td (1,527,556) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.00 647.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 647.42 Td (1,729,132) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 632.42 Td (Less: accumulated depreciation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.80 632.47 Td (\(221,693) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.65 632.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.80 632.47 Td (\(233,908) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 632.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 617.42 Td (Buildings and improvements, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 617.42 Td (1,305,863) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 617.42 Td (1,495,224) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 602.42 Td (Land) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.15 602.42 Td (329,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 602.42 Td (368,210) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 587.42 Td (Investment property, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 587.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 587.42 Td (1,635,206) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.00 587.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 587.42 Td (1,863,434) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 559.25 Td (During the second quarter of 2013 and 2012, the Company recorded impairment losses of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.30 559.25 Td ($4.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.19 559.25 Td ( and $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.63 559.25 Td (46.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.52 559.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (for the three and six months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.80 547.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.63 547.25 Td ( and 2012, respectively) Tj ET Q q 0 0 0 rg BT 338.73 547.25 Td (, to reduce the book values of certain investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (properties to their fair value. See Note 13 - Fair ) Tj ET Q q 0 0 0 rg BT 242.26 535.25 Td (V) Tj ET Q q 0 0 0 rg BT 248.37 535.25 Td (alue Disclosures for additional information.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 511.25 Td (Lease Intangibles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 487.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.44 487.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.27 487.25 Td (, the cost basis and accumulated amortization related to lease intangibles was as follows ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (\(inthousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 413.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 413.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 413.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 413.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 413.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 413.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 383.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 383.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 383.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 383.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 383.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 383.75 85.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 437.75 m 384.5 437.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 437.75 m 388.5 437.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 437.75 m 473.5 437.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 437.75 m 477.5 437.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 437.75 m 562.5 437.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 413.75 m 384.5 413.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 413.75 m 473.5 413.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 413.75 m 562.5 413.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 413.75 m 384.5 413.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 383.75 m 384.5 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 383.75 m 473.5 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 383.75 m 562.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 369.75 m 384.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 367.75 m 384.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 369.75 m 473.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 367.75 m 473.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 369.75 m 562.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 367.75 m 562.5 367.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 442.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.10 442.43 Td (Lease Intangibles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 418.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.30 418.43 Td (In-Place Leases) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.55 428.43 Td (Out-of-Market) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.95 418.43 Td (Lease ) Tj ET Q q 0 0 0 rg BT 430.34 418.43 Td (Assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.55 428.43 Td (Out-of-Market) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 484.60 418.43 Td (Lease Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 403.42 Td (Cost) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 403.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 403.42 Td (216,042) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.00 403.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.15 403.42 Td (43,125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.00 403.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 403.42 Td (75,088) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 388.42 Td (Less: accumulated amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.80 388.47 Td (\(134,637) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 388.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.80 388.47 Td (\(23,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 388.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 388.47 Td (\(48,542) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 388.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 373.42 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 373.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.15 373.42 Td (81,405) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.00 373.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.15 373.42 Td (19,599) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.00 373.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 373.42 Td (26,546) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 345.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.44 345.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.03 345.25 Td (, the cost basis and accumulated amortization related to lease intangibles was as follows ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 333.25 Td (\(inthousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 271.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 271.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 271.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 271.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 271.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 271.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 241.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 241.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 241.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 241.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 241.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 241.75 85.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 295.75 m 384.5 295.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 295.75 m 388.5 295.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 295.75 m 473.5 295.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 295.75 m 477.5 295.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 295.75 m 562.5 295.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 271.75 m 384.5 271.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 271.75 m 473.5 271.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 271.75 m 562.5 271.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 241.75 m 384.5 241.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 241.75 m 473.5 241.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 241.75 m 562.5 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 227.75 m 384.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 225.75 m 384.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 227.75 m 473.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 225.75 m 473.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 227.75 m 562.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 225.75 m 562.5 225.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 300.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.10 300.43 Td (Lease Intangibles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 276.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.30 276.43 Td (In-Place Leases) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.55 286.43 Td (Out-of-Market) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.95 276.43 Td (Lease ) Tj ET Q q 0 0 0 rg BT 430.34 276.43 Td (Assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.55 286.43 Td (Out-of-Market) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 484.60 276.43 Td (Lease Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 261.42 Td (Cost) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 261.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 261.42 Td (270,631) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.00 261.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.15 261.42 Td (47,669) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.00 261.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 261.42 Td (96,495) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 246.42 Td (Less: accumulated amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.80 246.47 Td (\(164,632) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 246.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.80 246.47 Td (\(26,079) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 246.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 246.47 Td (\(57,944) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 246.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 231.42 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 231.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 231.42 Td (105,999) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.00 231.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.15 231.42 Td (21,590) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.00 231.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 231.42 Td (38,551) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 203.25 Td (Amortization expense of in-place leases was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.49 203.25 Td ($3.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.38 203.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.82 203.25 Td ($7.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.71 203.25 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.09 203.25 Td (three months ended June 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.73 203.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 191.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.66 191.25 Td (, and amortization of out-of-market leases, net, was an increase to rental revenue of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.35 191.25 Td ($0.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.25 191.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.68 191.25 Td ($1.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 179.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 179.25 Td (. ) Tj ET Q q 0 0 0 rg BT 136.00 179.25 Td (Amortization expense of in-place leases was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.49 179.25 Td ($9.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.38 179.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.82 179.25 Td ($15.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.71 179.25 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.09 179.25 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.08 179.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.83 167.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.27 167.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.27 167.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 197.93 167.25 Td (, and amortization of out-of-market leases, net, was an increase to rental revenue of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.62 167.25 Td ($1.8 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 155.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.33 155.25 Td ($3.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.22 155.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 199.88 155.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 301.00 31.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (Expected future amortization of in-place leases and out-of-market leases, net, including out-of-market ground leases for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (period from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.99 730.10 Td (July 1, 2013 through December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.85 730.10 Td ( and for each of the years ended December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.37 730.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.37 730.10 Td ( through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.48 730.10 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.48 730.10 Td ( is as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 671.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 671.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 671.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 671.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 641.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 641.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 641.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 611.60 330.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 611.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 611.60 89.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 671.6 m 469.5 671.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 671.6 m 562.5 671.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 676.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.30 676.28 Td (In-Place Leases) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 485.55 686.28 Td (Out-of-Market) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 493.30 676.28 Td (Leases, Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 661.27 Td (July 1, 2013 through December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.00 661.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 661.27 Td (7,415) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 661.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 661.32 Td (\(1,651) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 661.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 646.27 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.15 646.27 Td (13,710) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 646.32 Td (\(2,570) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 646.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 631.27 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.15 631.27 Td (12,812) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 631.32 Td (\(2,048) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 631.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 616.27 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.15 616.27 Td (10,651) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 616.32 Td (\(1,270) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 616.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 601.27 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 601.27 Td (8,744) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.30 601.32 Td (\(356) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 601.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 573.10 Td ( Leases) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 549.10 Td (In connection with its directly-owned properties, the Company has entered into non-cancelable lease agreements with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 537.10 Td (tenants for space. ) Tj ET Q q 0 0 0 rg BT 121.64 537.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.08 537.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.91 537.10 Td (, the approximate fixed future minimum rentals for the period from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.94 537.10 Td (July 1, 2013 through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 525.10 Td (December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 525.10 Td ( and for each of the years ended December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.10 525.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.10 525.10 Td ( through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.21 525.10 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.21 525.10 Td ( and thereafter are as follows \(in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 513.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 466.60 422.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 466.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 436.60 422.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 436.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 406.60 422.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 406.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 376.60 422.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 376.60 90.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 466.6 m 562.5 466.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 376.6 m 562.5 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 362.6 m 562.5 362.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 360.6 m 562.5 360.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 471.27 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 489.15 481.28 Td (Fixed Future) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 478.25 471.28 Td (Minimum Rentals) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 456.27 Td (July 1, 2013 through December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.00 456.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 456.27 Td (85,814) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 441.27 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 441.27 Td (164,046) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 426.27 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 426.27 Td (157,227) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 411.27 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 411.27 Td (141,807) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 396.27 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 396.27 Td (119,958) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 381.27 Td (Thereafter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 381.27 Td (467,767) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 366.27 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.00 366.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 366.27 Td (1,136,619) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 338.10 Td (During the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.55 338.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.54 338.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.04 338.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.87 338.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.31 338.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.31 338.10 Td (, the Company did not earn more than 10% of its revenue from any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (individual tenant.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 303.25 Td (4.Discontinued Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 279.25 Td (In March 2013, the Company sold ) Tj ET Q q 0 0 0 rg BT 207.52 279.25 Td (W) Tj ET Q q 0 0 0 rg BT 216.56 279.25 Td (illiams ) Tj ET Q q 0 0 0 rg BT 246.10 279.25 Td (T) Tj ET Q q 0 0 0 rg BT 251.51 279.25 Td (ower) Tj ET Q q 0 0 0 rg BT 271.10 279.25 Td (, an of) Tj ET Q q 0 0 0 rg BT 296.19 279.25 Td (fice building with an adjacent parking garage located in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 267.25 Td (Galleria/W) Tj ET Q q 0 0 0 rg BT 93.62 267.25 Td (est Loop submarket of Houston, ) Tj ET Q q 0 0 0 rg BT 224.53 267.25 Td (T) Tj ET Q q 0 0 0 rg BT 229.94 267.25 Td (exas, which it acquired in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.91 267.25 Td (May 2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.74 267.25 Td ( for a net contract purchase price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.11 267.25 Td ($271.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 255.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 255.25 Td (.) Tj ET Q q 0 0 0 rg BT 86.21 255.25 Td (The net contract sales price was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 255.25 Td ($412.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.04 255.25 Td (. In June 201) Tj ET Q q 0 0 0 rg BT 328.83 255.25 Td (1, the Company sold ) Tj ET Q q 0 0 0 rg BT 413.55 255.25 Td (Atrium on Bay) Tj ET Q q 0 0 0 rg BT 472.90 255.25 Td (, a mixed-use of) Tj ET Q q 0 0 0 rg BT 537.14 255.25 Td (fice ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 243.25 Td (and retail complex located in the Downtown North submarket of the central business district of ) Tj ET Q q 0 0 0 rg BT 432.77 243.25 Td (T) Tj ET Q q 0 0 0 rg BT 438.18 243.25 Td (oronto, Canada, which the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 231.25 Td (Company acquired in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.59 231.25 Td (February 2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.19 231.25 Td ( for a net contract purchase price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.56 231.25 Td (250.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.45 231.25 Td ( CAD \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.89 231.25 Td ($215.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.78 231.25 Td ( USD, based on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 219.25 Td (exchange rate in ef) Tj ET Q q 0 0 0 rg BT 125.61 219.25 Td (fect on the transaction date\).) Tj ET Q q 0 0 0 rg BT 241.48 219.25 Td (The sales price for ) Tj ET Q q 0 0 0 rg BT 317.56 219.25 Td (Atrium on Bay was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.11 219.25 Td (344.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 219.25 Td ( CAD \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.45 219.25 Td ($353 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.84 219.25 Td ( USD, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 207.25 Td (based on the exchange rate in ef) Tj ET Q q 0 0 0 rg BT 178.09 207.25 Td (fect on the date of sale\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 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 68.00 742.10 Td (The operating results of these properties have been reclassified and reported as discontinued operations in the Condensed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Consolidated Statements of Operations and Comprehensive Income \(Loss\) as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 660.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 660.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 660.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 660.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 660.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 660.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 660.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 660.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 630.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 630.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 630.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 630.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 630.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 630.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 630.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 630.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 600.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 600.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 600.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 600.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 600.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 600.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 600.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 600.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 570.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 570.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 570.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 570.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 570.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 570.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 570.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 570.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 540.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 540.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 540.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 540.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 540.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 540.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 540.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 540.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 490.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 490.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 490.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 490.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 490.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 490.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 490.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 490.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 460.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 460.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 460.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 460.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 460.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 460.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 460.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 460.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 410.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 410.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 410.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 410.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 410.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 410.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 410.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 410.60 68.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 690.6 m 317.5 690.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 690.6 m 392.5 690.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 690.6 m 473.5 690.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 690.6 m 548.5 690.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 630.6 m 317.5 630.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 630.6 m 392.5 630.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 630.6 m 473.5 630.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 630.6 m 548.5 630.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 540.6 m 317.5 540.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 540.6 m 392.5 540.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 540.6 m 473.5 540.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 540.6 m 548.5 540.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 525.6 m 317.5 525.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 525.6 m 392.5 525.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 525.6 m 473.5 525.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 525.6 m 548.5 525.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 445.6 m 317.5 445.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 445.6 m 392.5 445.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 445.6 m 473.5 445.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 445.6 m 548.5 445.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 395.6 m 317.5 395.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 395.6 m 392.5 395.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 395.6 m 473.5 395.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 395.6 m 548.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 381.6 m 317.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 379.6 m 317.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 381.6 m 392.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 379.6 m 392.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 381.6 m 473.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 379.6 m 473.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 381.6 m 548.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 379.6 m 548.5 379.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 149.50 710.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 255.95 710.28 Td (Three Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.00 710.28 Td (Six Months Ended June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 695.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.00 695.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 348.00 695.28 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.00 695.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.00 695.28 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 680.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 310.60 680.28 Td (\(In thousands, except per share amounts\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 665.28 Td (Revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.00 665.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 665.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.00 665.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 665.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 665.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 665.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 650.27 Td (Rental revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.00 650.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.65 650.27 Td (272) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 650.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.00 650.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.15 650.27 Td (10,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 650.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 650.27 Td (8,273) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 650.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 650.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.15 650.27 Td (20,210) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 635.27 Td (Other revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 635.27 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 635.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 635.27 Td (572) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 635.27 Td (408) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 635.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 635.27 Td (1,066) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 620.27 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.65 620.27 Td (289) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 620.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.15 620.27 Td (10,630) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 620.27 Td (8,681) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 620.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.15 620.27 Td (21,276) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 605.28 Td (Expenses:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 605.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 605.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 590.27 Td (Property operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 590.27 Td (82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 590.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.15 590.27 Td (3,449) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 590.27 Td (2,465) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 590.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 590.27 Td (6,543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 575.27 Td (Real property taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.65 575.27 Td (344) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 575.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.15 575.27 Td (1,571) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 575.27 Td (1,468) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 575.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 575.27 Td (3,173) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 560.27 Td (Property management fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.65 560.27 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 560.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 560.27 Td (255) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 560.27 Td (209) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 560.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.65 560.27 Td (497) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 545.27 Td (Depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 545.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 545.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.15 545.27 Td (2,608) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 545.27 Td (1,595) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 545.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 545.27 Td (5,242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 530.27 Td (Total expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.65 530.27 Td (434) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 530.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.15 530.27 Td (7,883) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 530.27 Td (5,737) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 530.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.15 530.27 Td (15,455) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 515.27 Td (Income \(loss\) from discontinued operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 505.27 Td (before interest income \(expense\), taxes and gain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 495.27 Td (\(loss\) on sale of discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.30 495.32 Td (\(145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.65 495.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.15 495.27 Td (2,747) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 495.27 Td (2,944) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 495.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 495.27 Td (5,821) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 480.27 Td (Interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 480.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 480.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.80 480.32 Td (\(2,307) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.65 480.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.80 480.32 Td (\(1,538) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 480.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 480.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.80 480.32 Td (\(4,614) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 480.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 465.27 Td (Interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 465.27 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 465.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 465.27 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.65 465.27 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 465.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 465.27 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 450.27 Td (Benefit \(provision\) for income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 450.27 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.30 450.32 Td (\(81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.65 450.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.30 450.32 Td (\(38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 450.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.30 450.32 Td (\(192) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.65 450.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 435.27 Td (Income \(loss\) from discontinued operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 425.27 Td (before gain \(loss\) on sale of discontinued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 415.27 Td (operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.30 415.32 Td (\(122) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.65 415.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 415.27 Td (363) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 415.27 Td (1,383) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 415.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 415.27 Td (1,035) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 400.27 Td (Gain \(loss\) on sale of discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.65 400.27 Td (137) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 400.27 Td (690) Tj ET Q BT /F2 5.20 Tf ET q 0 0 0 rg BT 395.00 406.61 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 400.27 Td (144,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 400.27 Td (2,566) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 551.00 405.52 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 385.27 Td (Income \(loss\) from discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.00 385.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 385.27 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 385.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.00 385.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.15 385.27 Td (1,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 385.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 385.27 Td (145,477) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.00 385.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 385.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 385.27 Td (3,601) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 357.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.39 357.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 147.22 357.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 167.28 357.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 192.34 357.10 Td (on ) Tj ET Q q 0 0 0 rg BT 205.18 357.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 223.57 357.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.74 357.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 288.68 357.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 333.18 357.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 371.00 357.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.61 357.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 404.46 357.10 Td (is ) Tj ET Q q 0 0 0 rg BT 413.97 357.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 454.02 357.10 Td (related ) Tj ET Q q 0 0 0 rg BT 484.06 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.68 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.74 357.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 553.68 357.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 345.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 121.26 345.10 Td (that ) Tj ET Q q 0 0 0 rg BT 138.75 345.10 Td (were ) Tj ET Q q 0 0 0 rg BT 160.68 345.10 Td (established ) Tj ET Q q 0 0 0 rg BT 207.62 345.10 Td (during ) Tj ET Q q 0 0 0 rg BT 236.22 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.94 345.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 282.33 345.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.16 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.88 345.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 325.92 345.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.20 345.10 Td (Atrium ) Tj ET Q q 0 0 0 rg BT 367.59 345.10 Td (on ) Tj ET Q q 0 0 0 rg BT 380.09 345.10 Td (Bay ) Tj ET Q q 0 0 0 rg BT 398.70 345.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.97 345.10 Td (June ) Tj ET Q q 0 0 0 rg BT 429.80 345.10 Td (201) Tj ET Q q 0 0 0 rg BT 444.43 345.10 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 321.10 Td (The tables below show income \(loss\) and income \(loss\) per share attributable to common stockholders allocated between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (continuing operations and discontinued operations:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 234.60 220.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 234.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 234.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 234.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 234.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 234.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 234.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 234.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 184.60 220.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 184.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 184.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 184.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 184.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 184.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 184.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 184.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 120.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 120.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 120.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 120.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 120.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 120.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 120.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 120.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 258.6 m 340.5 258.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 258.6 m 414.5 258.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 258.6 m 488.5 258.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 258.6 m 562.5 258.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 184.60000000000002 m 340.5 184.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 184.60000000000002 m 414.5 184.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 184.60000000000002 m 488.5 184.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 184.60000000000002 m 562.5 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 160.60000000000002 m 340.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 158.60000000000002 m 340.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 160.60000000000002 m 414.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 158.60000000000002 m 414.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 160.60000000000002 m 488.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 158.60000000000002 m 488.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 160.60000000000002 m 562.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 158.60000000000002 m 562.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 120.60000000000002 m 270.5 120.60000000000002 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 277.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 277.45 277.28 Td (Three Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.50 277.28 Td (Six Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 263.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 295.00 263.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.00 263.28 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.00 263.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 517.00 263.28 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 239.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 328.10 239.28 Td (\(In thousands, except per share amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 224.27 Td (Income \(loss\) from continuing operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 214.27 Td (attributable to common stockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 214.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 214.27 Td (77,547) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 214.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.80 214.32 Td (\(59,804) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 214.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 214.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 214.27 Td (97,588) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 214.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 214.32 Td (\(67,792) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 214.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 199.27 Td (Income \(loss\) from discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 189.27 Td (attributable to common stockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.65 189.27 Td (130) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 189.27 Td (1,002) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 189.27 Td (137,773) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 189.27 Td (3,431) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 174.27 Td (Net income \(loss\) attributable to common) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 164.27 Td (stockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 164.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 164.27 Td (77,677) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 164.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.80 164.32 Td (\(58,802) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 164.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 164.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 164.27 Td (235,361) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 164.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 164.32 Td (\(64,361) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 164.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 135.28 Td (Basic and diluted income \(loss\) per share) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 125.28 Td (attributable to commonstockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.00 125.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 125.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.00 125.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 125.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 110.27 Td (Income \(loss\) from continuing operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 110.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 110.27 Td (0.33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 110.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 110.32 Td (\(0.26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 110.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 110.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 110.27 Td (0.42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 110.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.80 110.32 Td (\(0.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 110.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 95.27 Td (Income \(loss\) from discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 95.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.65 95.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 95.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 95.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 95.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 95.27 Td (0.59) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 95.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 95.27 Td (0.01) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q 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 301.00 31.60 Td (12) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (5. Investments in Unconsolidated Entities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.32 718.25 Td (The Company owns indirect investments in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.96 718.25 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.96 718.25 Td ( properties through its interests in the Core Fund and the Grocery-Anchored ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Portfolio. During January 2013, the Company sold its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.71 706.25 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.04 706.25 Td ( interest in Distribution Park Rio through the buy/sell provision in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (the joint venture agreement to an entity partially owned by an af) Tj ET Q q 0 0 0 rg BT 306.67 694.25 Td (filiate of Hines. Net proceeds to the Company from this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (transaction were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.30 682.25 Td ($43.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.19 682.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.32 658.25 Td (The table below presents the activity of the Company) Tj ET Q q 0 0 0 rg BT 286.93 658.25 Td (s unconsolidated entities as of and for the periods presented \(in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 593.75 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 593.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 593.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 593.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 593.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 563.75 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 563.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 563.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 563.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 563.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 533.75 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 533.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 533.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 533.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 533.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 503.75 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 503.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 503.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 503.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 503.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 593.75 m 354.5 593.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 593.75 m 425.5 593.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 593.75 m 493.5 593.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 593.75 m 562.5 593.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 593.75 m 354.5 593.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 593.75 m 425.5 593.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 593.75 m 493.5 593.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 593.75 m 562.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 504.75 m 354.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 502.75 m 354.5 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 504.75 m 425.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 502.75 m 425.5 502.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 503.75 m 493.5 503.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 503.75 m 562.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 489.75 m 354.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 487.75 m 354.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 489.75 m 425.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 487.75 m 425.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 489.75 m 493.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 487.75 m 493.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 489.75 m 562.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 487.75 m 562.5 487.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 613.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 291.45 613.43 Td (Three Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.00 613.43 Td (Six Months Ended June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 598.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 310.50 598.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.50 598.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.00 598.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 519.50 598.43 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 583.42 Td (Beginning balance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.00 583.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 583.42 Td (300,888) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.00 583.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 583.42 Td (342,065) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.00 583.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 583.42 Td (329,418) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 583.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 583.42 Td (348,986) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 568.42 Td (Contributions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 568.42 Td (10,182) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 568.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 568.42 Td (10,182) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 568.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 553.42 Td (Distributions declared) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.30 553.47 Td (\(929) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.65 553.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.80 553.47 Td (\(6,452) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 553.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 553.47 Td (\(6,518) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 553.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 553.47 Td (\(13,062) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 553.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 538.42 Td (Equity in earnings \(losses\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 538.42 Td (78,829) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.15 538.42 Td (1,041) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 538.42 Td (81,424) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.30 538.47 Td (\(106) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 538.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 523.42 Td (Effect of exchange rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.65 523.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.80 523.47 Td (\(2,875) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 523.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 523.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 523.47 Td (\(2,039) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 523.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 508.42 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.26 508.42 Td (fect of sale of unconsolidated joint venture) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.65 508.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 508.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.80 508.47 Td (\(25,536) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 508.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 508.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 493.42 Td (Ending balance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.00 493.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 493.42 Td (388,970) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.00 493.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 493.42 Td (333,779) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.00 493.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 493.42 Td (388,970) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 493.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 493.42 Td (333,779) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 465.25 Td ( Combined condensed financial information of these investments is summarized as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 377.75 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 377.75 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 377.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 377.75 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.75 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 351.75 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 351.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 351.75 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 325.75 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 325.75 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 325.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 325.75 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 299.75 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 299.75 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 299.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 299.75 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 273.75 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 273.75 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 273.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 273.75 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 247.75 322.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 247.75 93.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 247.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 247.75 93.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 403.75 m 465.5 403.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 403.75 m 562.5 403.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 338.75 m 465.5 338.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 338.75 m 562.5 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 326.75 m 465.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 324.75 m 465.5 324.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 326.75 m 562.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 324.75 m 562.5 324.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 247.75 m 465.5 247.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 247.75 m 562.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 235.75 m 465.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 233.75 m 465.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 235.75 m 562.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 233.75 m 562.5 233.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 196.50 433.48 Td (Combined Condensed Consolidated Balance Sheets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 407.32 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.45 407.48 Td (June 30, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.15 407.48 Td (December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 394.32 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.00 394.48 Td (\(In thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 192.35 381.48 Td (ASSETS) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 375.00 381.32 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 472.00 381.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 368.32 Td (Cash) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 368.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 368.32 Td (1,036,676) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 368.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 368.32 Td (190,406) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 355.32 Td (Investment property, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 355.32 Td (2,321,301) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 355.32 Td (2,860,619) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 342.32 Td (Other assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 342.32 Td (513,187) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 342.32 Td (634,910) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 329.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 329.32 Td (otal assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 329.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 329.32 Td (3,871,164) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 329.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 329.32 Td (3,685,935) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 147.55 303.48 Td (LIABILITIES AND EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 303.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 303.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 290.32 Td (Debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 290.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 290.32 Td (1,513,401) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 290.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 290.32 Td (1,934,336) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 277.32 Td (Other liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 277.32 Td (201,634) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 277.32 Td (268,631) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 264.32 Td (Redeemable noncontrolling interests) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 264.32 Td (808,967) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 264.32 Td (378,419) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 251.32 Td (Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 251.32 Td (1,347,162) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 251.32 Td (1,104,549) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 238.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 238.32 Td (otal liabilities and equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 238.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 238.32 Td (3,871,164) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 238.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 238.32 Td (3,685,935) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 301.00 31.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (In 2012, the Core Fund sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.72 742.10 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.39 742.10 Td ( properties and reclassified the results of operations for these properties into discontinued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (operations for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.03 730.10 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.13 730.10 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.95 730.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.78 730.10 Td (, which is reflected in the table below) Tj ET Q q 0 0 0 rg BT 440.08 730.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 650.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 650.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 650.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 650.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 620.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 620.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 620.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 620.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 620.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 620.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 620.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 620.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 590.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 590.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 590.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 590.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 590.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 590.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 590.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 590.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 559.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 559.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 559.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 559.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 559.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 559.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 559.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 559.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 665.6 m 350.5 665.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 665.6 m 419.5 665.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 665.6 m 488.5 665.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 665.6 m 557.5 665.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 620.6 m 350.5 620.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 620.6 m 419.5 620.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 620.6 m 488.5 620.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 620.6 m 557.5 620.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 590.6 m 350.5 590.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 590.6 m 419.5 590.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 590.6 m 488.5 590.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 590.6 m 557.5 590.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 559.6 m 350.5 559.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 559.6 m 419.5 559.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 559.6 m 488.5 559.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 559.6 m 557.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 545.6 m 350.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 543.6 m 350.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 545.6 m 419.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 543.6 m 419.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 545.6 m 488.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 543.6 m 488.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 545.6 m 557.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 543.6 m 557.5 543.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 171.65 710.33 Td (Combined Condensed Consolidated Statements of Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 285.95 684.33 Td (Three Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.50 684.33 Td (Six Months Ended June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 670.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.00 670.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.50 670.28 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.50 670.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.50 670.28 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 655.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.50 655.28 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 640.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 640.27 Td (otal revenues and gains) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 640.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 640.27 Td (75,301) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.00 640.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 640.27 Td (88,567) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.00 640.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 640.27 Td (148,610) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 640.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 640.27 Td (165,166) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 625.27 Td (Total expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 625.27 Td (80,958) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 625.27 Td (81,832) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 625.27 Td (155,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 625.27 Td (162,960) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 610.27 Td (Income \(loss\) from continuing operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.80 610.32 Td (\(5,657) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.65 610.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 610.27 Td (6,735) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.80 610.32 Td (\(6,733) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 610.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 610.27 Td (2,206) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 595.27 Td (Income \(loss\) from discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.15 595.27 Td (727,837) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 595.32 Td (\(2,133) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.65 595.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 595.27 Td (744,935) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.30 595.32 Td (\(922) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 595.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 580.27 Td (Net income \(loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.15 580.27 Td (722,180) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 580.27 Td (4,602) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 580.27 Td (738,202) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 580.27 Td (1,284) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 564.27 Td (Less \(income\) loss allocated to noncontrolling interests) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.80 564.32 Td (\(430,357) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.65 564.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 564.32 Td (\(1,032) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.65 564.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.80 564.32 Td (\(436,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 564.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 564.32 Td (\(1,966) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 564.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 549.27 Td (Net income \(loss\) attributable to parent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 549.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.15 549.27 Td (291,823) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.00 549.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 549.27 Td (3,570) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.00 549.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 549.27 Td (302,149) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 549.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.30 549.32 Td (\(682) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 549.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 521.10 Td (The following discusses items of significance for the periods presented for the Company) Tj ET Q q 0 0 0 rg BT 425.13 521.10 Td (s equity method investments:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 497.10 Td (In June 2013, the Core Fund sold 425 Lexington ) Tj ET Q q 0 0 0 rg BT 264.10 497.10 Td (A) Tj ET Q q 0 0 0 rg BT 270.58 497.10 Td (venue, 499 Park ) Tj ET Q q 0 0 0 rg BT 337.23 497.10 Td (A) Tj ET Q q 0 0 0 rg BT 343.71 497.10 Td (venue and 1200 19th Street \(collectively) Tj ET Q q 0 0 0 rg BT 504.96 497.10 Td (, the New ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.22 485.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 71.87 485.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.63 485.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 94.58 485.10 Td (Assets\). Both 425 Lexington and 499 Park ) Tj ET Q q 0 0 0 rg BT 273.73 485.10 Td (A) Tj ET Q q 0 0 0 rg BT 280.21 485.10 Td (venue are located in midtown Manhattan, New ) Tj ET Q q 0 0 0 rg BT 469.77 485.10 Td (Y) Tj ET Q q 0 0 0 rg BT 475.99 485.10 Td (ork and 1200 19th ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (Street is located in the Golden ) Tj ET Q q 0 0 0 rg BT 173.12 473.10 Td (T) Tj ET Q q 0 0 0 rg BT 178.88 473.10 Td (riangle in ) Tj ET Q q 0 0 0 rg BT 219.24 473.10 Td (W) Tj ET Q q 0 0 0 rg BT 227.88 473.10 Td (ashington D.C.) Tj ET Q q 0 0 0 rg BT 290.93 473.10 Td (s central business district. ) Tj ET Q q 0 0 0 rg BT 398.51 473.10 Td (The Core Fund acquired the New ) Tj ET Q q 0 0 0 rg BT 534.21 473.10 Td (Y) Tj ET Q q 0 0 0 rg BT 540.43 473.10 Td (ork ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 461.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 72.71 461.10 Td (Assets in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.04 461.10 Td (August 2003) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.44 461.10 Td ( for a contract purchase price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.26 461.10 Td ($581.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.15 461.10 Td (. ) Tj ET Q q 0 0 0 rg BT 347.47 461.10 Td (The contract sales price was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.70 461.10 Td ($1,31) Tj ET Q q 0 0 0 rg BT 484.82 461.10 Td (1.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.72 461.10 Td (. ) Tj ET Q q 0 0 0 rg BT 535.66 461.10 Td (As a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 449.10 Td (result of the sale of the New ) Tj ET Q q 0 0 0 rg BT 164.87 449.10 Td (Y) Tj ET Q q 0 0 0 rg BT 171.09 449.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 186.74 449.10 Td (T) Tj ET Q q 0 0 0 rg BT 192.50 449.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 209.44 449.10 Td (Assets, the Core Fund recognized a gain on sale of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.67 449.10 Td ($291.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.56 449.10 Td (. ) Tj ET Q q 0 0 0 rg BT 480.88 449.10 Td (The results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (operations for the NY) Tj ET Q q 0 0 0 rg BT 137.10 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.42 437.10 Td (T) Tj ET Q q 0 0 0 rg BT 145.18 437.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 162.13 437.10 Td (Assets were reclassified into discontinued operations for the periods presented in the table above as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (a result of this transaction. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 401.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 401.10 Td (During 2012, due to deterioration in the financial condition at Douglas Corporate Center) Tj ET Q q 0 0 0 rg BT 424.17 401.10 Td (, the Core Fund elected to not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (make debt service payments on the secured, nonrecourse mortgage loan at the property) Tj ET Q q 0 0 0 rg BT 397.28 389.10 Td (.) Tj ET Q q 0 0 0 rg BT 404.59 389.10 Td (This decision resulted in a default and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (a foreclosure on the property by the lender in January 2013.) Tj ET Q q 0 0 0 rg BT 293.54 377.10 Td (As a result of the foreclosure, the Core Fund relinquished all rights ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (and title to the property and was relieved of the entire value of the mortgage loan and recognized a gain of $12.6 million for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (six months ended June 30, 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.83 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.64 353.10 Td (The results of operations for this property were reclassified into discontinued operations for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (the periods presented in the table above as a result of this transaction.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 317.10 Td (During the second quarter of 2012, the Core Fund recorded an impairment loss of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.08 317.10 Td ($3.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.97 317.10 Td ( related to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.45 317.10 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.89 317.10 Td ( of its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (properties located in suburban Sacramento, California. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 281.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 117.90 281.10 Td (, during the second quarter of 2012, a subsidiary of the Core Fund executed a discounted pay-of) Tj ET Q q 0 0 0 rg BT 500.95 281.10 Td (f agreement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (with a lender concerning the debt secured by One Renaissance Square, an of) Tj ET Q q 0 0 0 rg BT 355.54 269.10 Td (fice building located in Phoenix, ) Tj ET Q q 0 0 0 rg BT 487.73 269.10 Td (Arizona, which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (released the Core Fund from all outstanding debt and obligations, including the outstanding principal balance of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.73 257.10 Td ($103.6 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 245.10 Td (, at a discounted amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.70 245.10 Td ($89.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.59 245.10 Td (. ) Tj ET Q q 0 0 0 rg BT 250.54 245.10 Td (As a result of the debt extinguishment, the Core Fund recognized a gain on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (debt extinguishment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.71 233.10 Td ($12.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.60 233.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 209.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 69.74 209.10 Td (ocery-Anchor) Tj ET Q q 0 0 0 rg BT 124.35 209.10 Td (ed Portfolio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 185.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.50 185.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.33 185.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.77 185.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.35 185.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 295.73 185.10 Td (s investment in the Grocery-Anchored Portfolio was determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (to be a variable interest entity \(VIE\) due to certain payment guarantees that result in the protection of the Company) Tj ET Q q 0 0 0 rg BT 522.33 173.10 Td (s equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (from expected losses. Further) Tj ET Q q 0 0 0 rg BT 170.40 161.10 Td (, the JV) Tj ET Q q 0 0 0 rg BT 201.05 161.10 Td ( partner has the power to direct the activities of the ) Tj ET Q q 0 0 0 rg BT 406.63 161.10 Td (VIE that most significantly impact the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (VIE) Tj ET Q q 0 0 0 rg BT 69.44 149.10 Td (s economic performance, and, as a result, the Company has determined it is not the primary beneficiary of this ) Tj ET Q q 0 0 0 rg BT 513.01 149.10 Td (VIE. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.99 149.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 137.10 Td (s maximum loss exposure is expected to change in future periods as a result of income earned, distributions received ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (and contributions made.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.37 125.10 Td ( In ) Tj ET Q q 0 0 0 rg BT 161.65 125.10 Td (April 2013, the Company contributed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.40 125.10 Td ($10.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.29 125.10 Td ( to the joint venture in order for the joint ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (venture to retire a loan at one of its properties without a prepayment penalty) Tj ET Q q 0 0 0 rg BT 353.41 113.10 Td (. Other than the initial capital contribution ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (provided by the Company at the inception of the joint venture and the contribution made in ) Tj ET Q q 0 0 0 rg BT 416.58 101.10 Td (April 2013, the Company has not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (provided any additional subordinated financial support. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 301.00 31.60 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (The table below includes the Company) Tj ET Q q 0 0 0 rg BT 227.13 742.10 Td (s maximum loss exposure related to this investment as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.20 742.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.03 742.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 730.10 Td (, which is equal to the carrying value of its investment in the joint venture included in the balance sheet line ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (item Investments in unconsolidated entities for each period. ) Tj ET Q q 0 0 0 rg BT 299.65 718.10 Td (Amounts are in thousands:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 681.60 189.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 681.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 681.60 200.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 681.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 681.60 115.00 -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 50.5 681.6 m 239.5 681.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 681.6 m 443.5 681.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 681.6 m 562.5 681.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 681.6 m 443.5 681.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.30 686.28 Td (Period) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.15 686.28 Td (Investment in Gr) Tj ET Q q 0 0 0 rg BT 321.30 686.28 Td (ocery-Anchor) Tj ET Q q 0 0 0 rg BT 379.99 686.28 Td (ed Portfolio) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 430.25 690.81 Td (\(1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.90 686.28 Td (Maximum Risk of Loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 672.17 Td (June 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.00 672.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.15 672.17 Td (62,242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.00 672.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 672.17 Td (62,242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 658.17 Td (December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.00 658.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.15 658.17 Td (53,793) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.00 658.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 658.17 Td (53,793) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 630.10 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 630.10 Td (Represents the carrying amount of the investment in the Grocery-Anchored Portfolio, which includes the net ef) Tj ET Q q 0 0 0 rg BT 530.69 630.10 Td (fect of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 618.10 Td (contributions made, distributions received and the Company) Tj ET Q q 0 0 0 rg BT 330.12 618.10 Td (s share of equity in earnings \(losses\).) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (6.Debt Financing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 571.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.44 571.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.27 571.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.71 571.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.30 571.25 Td (, the Company had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.34 571.25 Td ($1,166.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.73 571.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.17 571.25 Td ($1,325.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.56 571.25 Td ( of debt outstanding, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 559.25 Td (, with a weighted average years to maturity of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.71 559.25 Td (3.5 years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.80 559.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.24 559.25 Td (2.5 years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.34 559.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 428.00 559.25 Td (, and a weighted average interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.32 547.25 Td (4.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.15 547.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.58 547.25 Td (5.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.41 547.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 192.08 547.25 Td (. ) Tj ET Q q 0 0 0 rg BT 196.89 547.25 Td (The following table includes all of the Company) Tj ET Q q 0 0 0 rg BT 393.79 547.25 Td (s outstanding notes payable balances as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.83 535.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.66 535.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.10 535.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.68 535.25 Td ( \(in thousands, except interest rates\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 453.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 453.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 453.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 453.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 453.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 453.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 453.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 453.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 453.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 453.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 453.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 423.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 423.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 423.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 423.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 423.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 423.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 423.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 423.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 423.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 423.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 423.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 393.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 393.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 393.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 393.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 393.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 393.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 393.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 393.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 393.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 393.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 393.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 363.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 363.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 363.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 363.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 363.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 363.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 363.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 363.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 363.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 363.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 363.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 333.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 333.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 333.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 333.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 333.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 333.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 333.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 333.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 333.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 333.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 333.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 303.75 200.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 303.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 303.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 303.75 14.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 303.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 303.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 303.75 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 303.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 303.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 303.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 303.75 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 252.75 200.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 252.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 252.75 55.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 252.75 14.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 252.75 60.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 252.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 252.75 46.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 252.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 252.75 60.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 252.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 252.75 61.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 200.75 200.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 200.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 200.75 55.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 200.75 14.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 200.75 60.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 200.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 200.75 46.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 200.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 200.75 60.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 200.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 200.75 61.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 150.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 150.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 150.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 150.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 150.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 150.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 150.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 150.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 150.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 150.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 150.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 120.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 120.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 120.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 120.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 120.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 120.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 120.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 120.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 120.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 120.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 120.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 90.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 90.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 90.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 90.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 90.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 90.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 90.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 90.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 60.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 60.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 60.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 60.75 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 60.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 60.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 60.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 60.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 60.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 60.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 60.75 61.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 468.75 m 250.5 468.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 468.75 m 309.5 468.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 468.75 m 383.5 468.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 468.75 m 433.5 468.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 468.75 m 497.5 468.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 468.75 m 562.5 468.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 90.75 m 497.5 90.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 90.75 m 562.5 90.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 60.75 m 497.5 60.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 60.75 m 562.5 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 46.75 m 497.5 46.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 44.75 m 497.5 44.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 46.75 m 562.5 46.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 44.75 m 562.5 44.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 473.43 Td (Description) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 262.05 483.43 Td (Maturity) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 271.50 473.43 Td (Date) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 336.40 493.43 Td (Inter) Tj ET Q q 0 0 0 rg BT 357.88 493.43 Td (est ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.00 483.43 Td (Rate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 328.25 473.43 Td (Description) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.40 483.43 Td (Interest) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.00 473.43 Td (Rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 473.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.25 503.43 Td (Principal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.30 493.43 Td (Outstanding) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.80 483.43 Td (at June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.00 473.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.75 503.43 Td (Principal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.80 493.43 Td (Outstanding) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.50 483.43 Td (at December) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.00 473.43 Td (31, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 458.43 Td (SECURED MORTGAGE DEBT) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.00 458.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 458.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 458.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 458.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.00 458.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 443.42 Td (One ) Tj ET Q q 0 0 0 rg BT 71.98 443.42 Td (W) Tj ET Q q 0 0 0 rg BT 81.02 443.42 Td (ilshire ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 108.51 447.95 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.40 443.42 Td (1/31/2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.30 443.42 Td (Variable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 443.42 Td (2.95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 443.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 443.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 443.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 443.42 Td (200,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.00 443.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 443.42 Td (159,500) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 428.42 Td (2555 Grand ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 102.99 432.95 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.40 428.42 Td (5/1/2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.60 428.42 Td (Fixed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 428.42 Td (5.38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 428.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 428.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 428.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 428.42 Td (86,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 413.42 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 413.42 Td (illiams ) Tj ET Q q 0 0 0 rg BT 91.58 413.42 Td (T) Tj ET Q q 0 0 0 rg BT 96.99 413.42 Td (ower) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 116.98 417.95 Td ( \(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.40 413.42 Td (6/1/2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.60 413.42 Td (Fixed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 413.42 Td (5.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 413.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 413.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 413.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 413.42 Td (165,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 398.42 Td (Arapahoe Business Park I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.80 398.42 Td (6/11/2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.60 398.42 Td (Fixed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 398.42 Td (5.33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 398.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 398.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.15 398.42 Td (9,345) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 398.42 Td (9,418) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 383.42 Td (Arapahoe Business Park II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 383.42 Td (11/11/2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.60 383.42 Td (Fixed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 383.42 Td (5.53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 383.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 383.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.15 383.42 Td (9,827) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 383.42 Td (9,910) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 368.42 Td (1515S.Street) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.40 368.42 Td (9/1/2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.60 368.42 Td (Fixed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 368.42 Td (4.25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 368.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 368.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 368.42 Td (39,244) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 368.42 Td (39,737) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 353.42 Td (Raytheon/DIRECTV) Tj ET Q q 0 0 0 rg BT 137.25 353.42 Td ( Buildings ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 181.15 357.95 Td (\(4\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.40 353.42 Td (12/5/2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.60 353.42 Td (Fixed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 353.42 Td (5.68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 353.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 353.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 353.42 Td (49,862) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 353.42 Td (50,334) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 338.42 Td (345 Inverness Drive) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.80 338.42 Td (12/11/2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.60 338.42 Td (Fixed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 338.42 Td (5.85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 338.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 338.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 338.42 Td (14,811) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 338.42 Td (14,920) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 323.42 Td (Airport Corporate Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.40 323.42 Td (9/1/2021) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.60 323.42 Td (Fixed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 323.42 Td (5.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 323.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 323.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 323.42 Td (79,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 323.42 Td (79,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 308.43 Td (HSH POOLED MOR) Tj ET Q q 0 0 0 rg BT 145.43 308.43 Td (TGAGE F) Tj ET Q q 0 0 0 rg BT 189.42 308.43 Td (ACILITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.00 308.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.00 308.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 308.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 308.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.00 308.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 293.42 Td (Citymark, 321 North Clark, 1900 and 2000 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 283.42 Td (Alameda) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.40 283.42 Td (8/1/2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.25 293.42 Td (Fixed via) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.70 283.42 Td (swap) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 283.42 Td (5.86) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 283.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 283.42 Td (185,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 283.42 Td (185,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 257.42 Td (3400 Data Drive, 2100 Powell) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.40 257.42 Td (1/23/2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.25 267.42 Td (Fixed via) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.70 257.42 Td (swap) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 257.42 Td (5.25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 257.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 257.42 Td (98,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 257.42 Td (98,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 231.42 Td (Daytona and Laguna Buildings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.40 231.42 Td (5/2/2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.25 241.42 Td (Fixed via) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.70 231.42 Td (swap) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 231.42 Td (5.36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 231.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 231.42 Td (119,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 231.42 Td (119,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 205.42 Td (3 Huntington Quadrangle) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.40 205.42 Td (7/19/2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.25 215.42 Td (Fixed via) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.70 205.42 Td (swap) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 205.42 Td (5.98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 205.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 205.42 Td (48,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 205.42 Td (48,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 179.42 Td (Seattle Design Center/5th and Bell) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.40 179.42 Td (8/14/2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.25 189.42 Td (Fixed via) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.70 179.42 Td (swap) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 179.42 Td (6.03) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 179.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 179.42 Td (70,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 179.42 Td (70,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 165.43 Td (MET LIFE SECURED MORTGAGE) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 155.43 Td (FACILITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.00 155.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.00 155.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.00 155.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 155.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 140.42 Td (JPMor) Tj ET Q q 0 0 0 rg BT 79.49 140.42 Td (gan Chase ) Tj ET Q q 0 0 0 rg BT 123.19 140.42 Td (T) Tj ET Q q 0 0 0 rg BT 128.60 140.42 Td (ower) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 148.59 144.95 Td ( \(5\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.40 140.42 Td (2/1/2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.30 140.42 Td (Variable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 140.42 Td (2.70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 140.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 140.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 140.42 Td (158,533) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 140.42 Td (160,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 125.43 Td (OTHER NOTESPAYABLE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.00 125.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.00 125.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 125.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.00 125.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 125.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 110.42 Td (KeyBank Revolving Credit Facility ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 197.98 114.95 Td (\(6\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.40 110.42 Td (2/3/2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.30 110.42 Td (Variable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.30 110.42 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 110.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 110.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 110.42 Td (32,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 95.42 Td (JPMor) Tj ET Q q 0 0 0 rg BT 79.49 95.42 Td (gan Chase Bridge Loan ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 176.13 99.95 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.40 95.42 Td (10/23/2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.30 95.42 Td (Variable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 95.42 Td (2.45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 95.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 95.42 Td (86,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 95.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 80.43 Td (TOTAL PRINCIPAL OUTSTANDING) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.00 80.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.00 80.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 80.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.60 80.42 Td (1,166,622) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.60 80.42 Td (1,325,819) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 65.42 Td (Unamortized Discount) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 143.81 69.95 Td ( \(7\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.00 65.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 65.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 65.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.80 65.47 Td (\(1,915) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.65 65.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 65.47 Td (\(2,255) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 65.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 50.43 Td (NOTES PAYABLE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.00 50.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 50.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 50.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 50.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.60 50.42 Td (1,164,707) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.00 50.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.60 50.42 Td (1,323,564) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q 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 (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (In January 2013, a subsidiary of the Operating Partnership executed a new loan agreement with the Bank of China for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.94 718.10 Td ($200.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.83 718.10 Td ( secured mortgage loan and repaid the original loan. Subsequent to June 30, 2013, the Company sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (One ) Tj ET Q q 0 0 0 rg BT 104.98 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 114.02 706.10 Td (ilshire and retired the outstanding principal balance of this loan. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.28 682.10 Td (April 2013, the Company paid down its mortgage secured by 2555 Grand using a bridge loan with JPMor) Tj ET Q q 0 0 0 rg BT 518.81 682.10 Td (gan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (Chase. ) Tj ET Q q 0 0 0 rg BT 117.76 670.10 Td (The bridge loan is a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.68 670.10 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.35 670.10 Td (-month term loan with a maximum commitment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.42 670.10 Td ($86.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.31 670.10 Td (. Interest on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (Company) Tj ET Q q 0 0 0 rg BT 127.67 658.10 Td (s borrowings under the bridge loan with JPMor) Tj ET Q q 0 0 0 rg BT 316.63 658.10 Td (gan Chase is payable based on the ) Tj ET Q q 0 0 0 rg BT 455.20 658.10 Td (Adjusted LIBOR Rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (plus a mar) Tj ET Q q 0 0 0 rg BT 127.47 646.10 Td (gin of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.58 646.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.41 646.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (\(3\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (In connection with the sale of ) Tj ET Q q 0 0 0 rg BT 206.89 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 215.93 622.10 Td (illiams ) Tj ET Q q 0 0 0 rg BT 245.47 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 250.88 622.10 Td (ower) Tj ET Q q 0 0 0 rg BT 270.47 622.10 Td (, the Company retired the outstanding principal balance of the secured ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (mortgage loan in March 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (\(4\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (Subsequent to June 30, 2013, the Company sold the Raytheon/ DIRECTV) Tj ET Q q 0 0 0 rg BT 382.46 586.10 Td ( Buildings and retired the outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (principal balance of this loan. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (\(5\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (In January 2013, the Company entered into an amended and restated promissory note for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.67 550.10 Td ($160.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.56 550.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (outstanding principal balance related to JPMor) Tj ET Q q 0 0 0 rg BT 272.71 538.10 Td (gan Chase ) Tj ET Q q 0 0 0 rg BT 316.41 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 321.82 538.10 Td (ower) Tj ET Q q 0 0 0 rg BT 341.26 538.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (\(6\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (In January 2013, the Company paid down its outstanding balance on its revolving line of credit prior to its maturity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (and did not renew it upon its expiration. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (\(7\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 478.10 Td (The Company assumed notes payable in connection with various acquisitions, which were recorded at their estimated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 466.10 Td (fair value as of the date of acquisition. ) Tj ET Q q 0 0 0 rg BT 244.10 466.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 273.07 466.10 Td (ference between the fair value at acquisition and the principal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (outstanding is amortized over the term of the related note.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 430.10 Td (The following table summarizes required principal payments on the Company) Tj ET Q q 0 0 0 rg BT 383.20 430.10 Td (s outstanding notes payable for the period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.94 418.10 Td (July 1, 2013 through December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.80 418.10 Td (, for each of the years ended December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.88 418.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.88 418.10 Td ( through December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.58 418.10 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.58 418.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (for the period thereafter \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 324.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 140.50 324.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 324.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 324.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 324.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 324.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 324.60 67.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 140.5 368.6 m 207.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 368.6 m 211.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 368.6 m 278.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 368.6 m 282.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 368.6 m 349.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 368.6 m 353.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 368.6 m 420.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 368.6 m 424.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 368.6 m 491.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 368.6 m 495.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 368.6 m 562.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 140.5 368.6 m 207.5 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 140.5 324.6 m 207.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 324.6 m 278.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 324.6 m 349.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 324.6 m 420.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 324.6 m 491.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 324.6 m 562.5 324.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 373.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.20 373.28 Td (Principal Payments due by Period) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 329.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 148.05 359.28 Td (July 1, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 156.35 349.28 Td (through) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.40 339.28 Td (December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 163.50 329.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 234.50 329.28 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 305.50 329.28 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.50 329.28 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.50 329.28 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 505.60 329.28 Td (Thereafter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 314.27 Td (Notes Payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.00 314.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.15 314.27 Td (87,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 314.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.15 314.27 Td (3,757) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 314.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 314.27 Td (22,291) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 314.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 314.27 Td (442,966) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 314.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 314.27 Td (536,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.00 314.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 314.27 Td (73,739) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 286.10 Td (As of June30, 2013 the Company was not in compliance with the debt service coverage covenant required under its credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (facility with HSH Nordbank \(see Note 12 Commitments and Contingencies for additional information\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.14 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.96 274.10 Td (The Company is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (not aware of any other instances of noncompliance with financial covenants as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.94 262.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.77 262.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (7.Derivative Instruments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 215.25 Td (The Company has entered into several interest rate swap transactions with HSH Nordbank ) Tj ET Q q 0 0 0 rg BT 431.52 215.25 Td (AG, New ) Tj ET Q q 0 0 0 rg BT 471.97 215.25 Td (Y) Tj ET Q q 0 0 0 rg BT 478.19 215.25 Td (ork Branch \(HSH ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (Nordbank\). ) Tj ET Q q 0 0 0 rg BT 102.58 203.25 Td (These swap transactions were entered into as economic hedges against the variability of future interest rates on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 191.25 Td (s variable interest rate borrowings with HSH Nordbank. ) Tj ET Q q 0 0 0 rg BT 317.82 191.25 Td (The Company has not designated any of its derivative ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (instruments as hedging instruments for accounting purposes. ) Tj ET Q q 0 0 0 rg BT 294.78 179.25 Td (The interest rate swaps have been recorded at their estimated fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (value in the accompanying condensed consolidated balance sheets and changes in the fair value were recorded in gain \(loss\) on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (derivative instruments, net in the Company) Tj ET Q q 0 0 0 rg BT 225.52 155.25 Td (s condensed consolidated statements of operations \(see Note 13 - Fair ) Tj ET Q q 0 0 0 rg BT 510.33 155.25 Td (V) Tj ET Q q 0 0 0 rg BT 516.44 155.25 Td (alue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (Disclosures for additional information\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) 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 301.00 31.60 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (The tables below provide additional information regarding each of the Company) Tj ET Q q 0 0 0 rg BT 392.90 742.10 Td (s outstanding interest rate swaps \(all ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (amounts are in thousands except for interest rates\):) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 683.60 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 175.50 683.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 683.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 683.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 683.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 683.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 683.60 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 653.60 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 175.50 653.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 653.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 653.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 653.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 653.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 653.60 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 623.60 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 175.50 623.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 623.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 623.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 623.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 623.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 623.60 102.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 683.6 m 175.5 683.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 683.6 m 295.5 683.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 683.6 m 350.5 683.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 683.6 m 452.5 683.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 683.6 m 554.5 683.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.35 688.28 Td (Effective Date) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 200.65 688.28 Td (Expiration Date) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.15 698.28 Td (Notional) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.95 688.28 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.15 698.28 Td (Interest Rate) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.80 688.28 Td (Received) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.20 688.28 Td (Interest Rate Paid) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 673.27 Td (August 1, 2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.60 673.27 Td (August 1, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 673.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.10 673.27 Td (185,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.00 673.27 Td (LIBOR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 673.27 Td (5.4575) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.65 673.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 658.27 Td (January 12, 2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.40 658.27 Td (January 12, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 658.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 658.27 Td (98,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.00 658.27 Td (LIBOR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 658.27 Td (4.8505) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.65 658.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 643.27 Td (May 1, 2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.15 643.27 Td (May 1, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 643.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.10 643.27 Td (119,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.00 643.27 Td (LIBOR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 643.27 Td (4.9550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.65 643.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 628.27 Td (July 17, 2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.80 628.27 Td (July 17, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 628.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 628.27 Td (48,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.00 628.27 Td (LIBOR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 628.27 Td (5.5800) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.65 628.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 613.27 Td (July 27, 2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.80 613.27 Td (July 24, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 613.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 613.27 Td (70,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.00 613.27 Td (LIBOR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 613.27 Td (5.5800) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.65 613.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 557.60 342.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 557.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 557.60 94.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 571.6 m 464.5 571.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 571.6 m 468.5 571.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 571.6 m 562.5 571.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 557.6 m 464.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 557.6 m 562.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 557.6 m 464.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 542.6 m 464.5 542.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 557.6 m 562.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 542.6 m 562.5 542.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 542.6 m 464.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 528.6 m 464.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 526.6 m 464.5 526.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 542.6 m 562.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 528.6 m 562.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 526.6 m 562.5 526.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 576.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.70 576.28 Td (Liability Derivatives Fair Value) Tj ET Q BT /F3 1.00 Tf ET q 0 0 0 rg BT 53.00 562.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.25 562.28 Td (Derivatives not designated as hedging instruments for) Tj ET Q q 0 0 0 rg BT 282.51 562.28 Td ( accounting purposes:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.95 562.28 Td (June 30, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.65 562.28 Td (December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 547.27 Td (Interest rate swap contracts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.00 547.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.15 547.27 Td (81,667) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.00 547.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 547.27 Td (101,211) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 532.27 Td (Total derivatives) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.00 532.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.15 532.27 Td (81,667) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.00 532.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 532.27 Td (101,211) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 475.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 475.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 475.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 475.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 475.60 83.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 475.6 m 317.5 475.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 475.6 m 388.5 475.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 475.6 m 475.5 475.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 475.6 m 562.5 475.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 475.6 m 317.5 475.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 460.6 m 317.5 460.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 475.6 m 388.5 475.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 460.6 m 388.5 460.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 475.6 m 475.5 475.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 460.6 m 475.5 460.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 475.6 m 562.5 475.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 460.6 m 562.5 460.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 460.6 m 317.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 446.6 m 317.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 444.6 m 317.5 444.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 460.6 m 388.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 446.6 m 388.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 444.6 m 388.5 444.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 460.6 m 475.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 446.6 m 475.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 444.6 m 475.5 444.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 460.6 m 562.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 446.6 m 562.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 444.6 m 562.5 444.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 495.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 254.45 495.28 Td (Three Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.50 495.28 Td (Six Months Ended June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 480.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.50 480.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 344.50 480.28 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 423.50 480.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.50 480.28 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 465.27 Td (Gain \(loss\) on interest rate swap, net ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 201.85 469.80 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.00 465.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 465.27 Td (13,258) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 465.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.80 465.32 Td (\(2,394) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.65 465.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.00 465.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 465.27 Td (19,544) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.00 465.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 465.27 Td (1,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 450.27 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.00 450.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 450.27 Td (13,258) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 450.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.80 450.32 Td (\(2,394) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.65 450.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.00 450.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 450.27 Td (19,544) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.00 450.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 450.27 Td (1,374) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 422.10 Td (Amounts represent the gain \(loss\) on interest rate swaps. Changes in fair value are recorded in gain \(loss\) on derivative ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 410.10 Td (instruments, net in the condensed consolidated statements of operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 387.25 Td (8.Distributions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 363.25 Td (W) Tj ET Q q 0 0 0 rg BT 77.04 363.25 Td (ith the authorization of its board of directors, the Company declared distributions in the amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.22 363.25 Td ($0.00138082) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.72 363.25 Td ( per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 351.25 Td (share, per day through March31, 2013, which represented an annual distribution rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.06 351.25 Td (6.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.89 351.25 Td (, based on the Company) Tj ET Q q 0 0 0 rg BT 524.04 351.25 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 339.25 Td (estimated per share net asset value \(NA) Tj ET Q q 0 0 0 rg BT 211.42 339.25 Td (V\) of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.74 339.25 Td ($7.78) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.24 339.25 Td (, determined on May 24, 201) Tj ET Q q 0 0 0 rg BT 377.68 339.25 Td (1 or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.01 339.25 Td (6.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.84 339.25 Td (, based on the Company) Tj ET Q q 0 0 0 rg BT 515.99 339.25 Td (s estimated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 327.25 Td (per share NA) Tj ET Q q 0 0 0 rg BT 102.02 327.25 Td (V) Tj ET Q q 0 0 0 rg BT 109.06 327.25 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.39 327.25 Td ($7.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.89 327.25 Td (, determined on November 29, 2012 \(assuming the distribution rates were maintained for a twelve-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 315.25 Td (month period\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 291.25 Td (W) Tj ET Q q 0 0 0 rg BT 77.04 291.25 Td (ith respect to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.91 291.25 Td ($0.00138082) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.41 291.25 Td ( per share, per day distributions declared for the periods ended March 31, 2012 through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 279.25 Td (March 31, 2013, presented below) Tj ET Q q 0 0 0 rg BT 183.20 279.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.20 279.25 Td ($0.00041425) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.70 279.25 Td ( of the per share, per day distributions were designated by the Company as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 267.25 Td (special distributions which represent a return of a portion of the stockholders) Tj ET Q q 0 0 0 rg BT 360.00 267.25 Td ( invested capital and, as such, reduce their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 255.25 Td (remaining investment in the Company) Tj ET Q q 0 0 0 rg BT 202.66 255.25 Td (. ) Tj ET Q q 0 0 0 rg BT 207.48 255.25 Td (The special distributions were funded with a portion of the proceeds from sales of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 243.25 Td (investment property) Tj ET Q q 0 0 0 rg BT 129.61 243.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 219.25 Td (On ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.72 219.25 Td (March25, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.32 219.25 Td (, the Company declared a distribution of approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.43 219.25 Td ($198.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.32 219.25 Td (, resulting in a distribution to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 207.25 Td (stockholders of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.88 207.25 Td ($0.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.38 207.25 Td ( per share that was paid during the three months ended June 30, 2013 to all stockholders of record as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 195.25 Td (April2, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.61 195.25 Td (, which is reflected in the table below) Tj ET Q q 0 0 0 rg BT 252.91 195.25 Td (. ) Tj ET Q q 0 0 0 rg BT 260.22 195.25 Td (This distribution was designated by the Company as a special distribution, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 183.25 Td (which was a return of a portion of the stockholders) Tj ET Q q 0 0 0 rg BT 256.14 183.25 Td ( invested capital and, as such, reduced their remaining investment in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 171.25 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 171.25 Td (. ) Tj ET Q q 0 0 0 rg BT 93.06 171.25 Td (The special distribution represents a portion of the proceeds from the sale of ) Tj ET Q q 0 0 0 rg BT 400.28 171.25 Td (W) Tj ET Q q 0 0 0 rg BT 409.32 171.25 Td (illiams ) Tj ET Q q 0 0 0 rg BT 438.86 171.25 Td (T) Tj ET Q q 0 0 0 rg BT 444.27 171.25 Td (ower and other strategic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 159.25 Td (asset sales. ) Tj ET Q q 0 0 0 rg BT 96.20 159.25 Td (The special distribution was not subject to reinvestment pursuant to the Company) Tj ET Q q 0 0 0 rg BT 425.30 159.25 Td (s dividend reinvestment plan and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 147.25 Td (was paid in cash.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 123.25 Td (As disclosed above, approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.47 123.25 Td (30%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.80 123.25 Td ( of distributions that were declared for the quarters ended December 31, 2012 and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 111.25 Td (March 31, 2013 were designated by the Company as special distributions, which represent a return of a portion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 99.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 103.13 99.25 Td ( invested capital and, as such, reduced their remaining investment in the Company) Tj ET Q q 0 0 0 rg BT 431.84 99.25 Td (. For each of the quarters ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 87.25 Td (December 31, 2012 and March 31, 2013, the portion of the distribution that was designated as a special distribution was equal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 75.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.28 75.25 Td ($0.03) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.78 75.25 Td ( per share. ) Tj ET Q q 0 0 0 rg BT 128.96 75.25 Td (The combination of the special distribution of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.76 75.25 Td ($0.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.26 75.25 Td ( per share described above with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.81 75.25 Td ($0.03) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.31 75.25 Td ( per share ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 63.25 Td (special distributions for each of the quarters ended December 31, 2012 and March 31, 2013 results in total special distributions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 51.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.83 51.25 Td ($0.86) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.33 51.25 Td ( per share since the Company) Tj ET Q q 0 0 0 rg BT 204.13 51.25 Td (s last announcement of its estimated per share NA) Tj ET Q q 0 0 0 rg BT 403.33 51.25 Td (V) Tj ET Q q 0 0 0 rg BT 410.38 51.25 Td ( of its common stock. ) Tj ET Q q 0 0 0 rg BT 499.08 51.25 Td (These special ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 39 0 obj <> endobj 40 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 (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (distributions reduced the estimated per share NA) Tj ET Q q 0 0 0 rg BT 244.21 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 251.25 742.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.58 742.10 Td ($7.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.08 742.10 Td (, resulting in a new estimated per share NA) Tj ET Q q 0 0 0 rg BT 458.79 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 465.83 742.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.17 742.10 Td ($6.75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.67 742.10 Td (, ef) Tj ET Q q 0 0 0 rg BT 514.25 742.10 Td (fective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (April 2, 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 706.10 Td (Further) Tj ET Q q 0 0 0 rg BT 97.04 706.10 Td (, with the authorization of its board of directors, the Company declared distributions for ) Tj ET Q q 0 0 0 rg BT 449.73 706.10 Td (April 2013 through ) Tj ET Q q 0 0 0 rg BT 528.90 706.10 Td (August ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 74.82 694.10 Td (These distributions will be calculated based on stockholders of record each day during this period in an amount equal to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td ($0.00073973) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.50 682.10 Td ( per share, per day and will be paid on the first day of the month following the fiscal quarter to which they relate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (in cash, or reinvested in stock for those participating in the Company's dividend reinvestment plan. ) Tj ET Q q 0 0 0 rg BT 447.92 670.10 Td (This rate per share, per day) Tj ET Q q 0 0 0 rg BT 556.11 670.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (reflects a reduction from the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.78 658.10 Td ($0.00138082) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.28 658.10 Td ( per share, per day rate that was declared previously) Tj ET Q q 0 0 0 rg BT 425.32 658.10 Td (, as described above. ) Tj ET Q q 0 0 0 rg BT 510.66 658.10 Td (This rate per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (share, per day represents a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.28 646.10 Td (4.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.11 646.10 Td ( annual distribution rate based on the Company's new estimated per share NA) Tj ET Q q 0 0 0 rg BT 488.43 646.10 Td (V) Tj ET Q q 0 0 0 rg BT 495.47 646.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.80 646.10 Td ($6.75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.30 646.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (assuming such distribution rate is maintained for a twelve-month period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 610.10 Td (As the new estimated per share NA) Tj ET Q q 0 0 0 rg BT 208.33 610.10 Td (V) Tj ET Q q 0 0 0 rg BT 215.37 610.10 Td ( was ef) Tj ET Q q 0 0 0 rg BT 243.51 610.10 Td (fective on ) Tj ET Q q 0 0 0 rg BT 285.16 610.10 Td (April 2, 2013, participants in the Company's dividend reinvestment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (plan will acquire shares at a fixed price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.21 598.10 Td ($6.75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.71 598.10 Td ( per share rather than at the former price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.06 598.10 Td ($7.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.56 598.10 Td (, beginning with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (distributions paid for the second quarter of 2013, which were aggregated and paid in July 2013. ) Tj ET Q q 0 0 0 rg BT 434.17 586.10 Td (The shares issued under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Company's dividend reinvestment plan in connection with distributions previously declared for January) Tj ET Q q 0 0 0 rg BT 463.56 574.10 Td (, February and March of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (2013, which were aggregated and paid in ) Tj ET Q q 0 0 0 rg BT 216.61 562.10 Td (April 2013, were issued at the former price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.10 562.10 Td ($7.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.60 562.10 Td ( per share. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 538.10 Td (The table below outlines the Company) Tj ET Q q 0 0 0 rg BT 228.47 538.10 Td (s total distributions declared to stockholders andnoncontrolling interests for each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (of the quarters during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.86 526.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.86 526.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.30 526.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.30 526.10 Td (, including the breakout between the distributions paid in cash and those reinvested ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (pursuant to the Company) Tj ET Q q 0 0 0 rg BT 153.60 514.10 Td (s dividend reinvestment plan \(all amounts are in thousands\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 428.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 428.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 428.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 428.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 428.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 428.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 428.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 428.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 398.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 398.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 398.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 398.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 398.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 398.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 398.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 398.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 398.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 398.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 368.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 368.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 368.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 368.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 368.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 368.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 368.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 368.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 368.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 338.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 338.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 338.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 338.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 338.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 338.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 338.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 338.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 338.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 338.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 308.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 308.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 308.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 308.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 308.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 308.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 308.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 308.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 308.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 308.60 15.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 467.6 m 297.5 467.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 467.6 m 301.5 467.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 467.6 m 364.5 467.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 467.6 m 368.5 467.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 467.6 m 431.5 467.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 467.6 m 520.5 467.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 467.6 m 535.5 467.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 443.6 m 230.5 443.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 443.6 m 297.5 443.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 443.6 m 364.5 443.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 443.6 m 431.5 443.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 443.6 m 520.5 443.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 443.6 m 535.5 443.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 443.6 m 230.5 443.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 428.6 m 230.5 428.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 398.6 m 297.5 398.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 398.6 m 364.5 398.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 398.6 m 431.5 398.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 398.6 m 520.5 398.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 398.6 m 535.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 384.6 m 297.5 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 382.6 m 297.5 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 384.6 m 364.5 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 382.6 m 364.5 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 384.6 m 431.5 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 382.6 m 431.5 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 384.6 m 520.5 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 382.6 m 520.5 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 384.6 m 535.5 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 382.6 m 535.5 382.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 353.6 m 230.5 353.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 353.6 m 230.5 353.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 293.6 m 297.5 293.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 293.6 m 364.5 293.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 293.6 m 431.5 293.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 293.6 m 520.5 293.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 293.6 m 535.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 279.6 m 297.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 277.6 m 297.5 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 279.6 m 364.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 277.6 m 364.5 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 279.6 m 431.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 277.6 m 431.5 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 279.6 m 520.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 277.6 m 520.5 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 279.6 m 535.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 277.6 m 535.5 277.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 472.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 304.70 472.28 Td (Stockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.00 472.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.85 482.28 Td (Noncontrolling) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.45 472.28 Td (Interests) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 458.28 Td (Distributions for the Three Months) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 448.28 Td (Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 254.65 458.28 Td (Cash) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.40 448.28 Td (Distributions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 304.40 458.28 Td (Distributions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 309.15 448.28 Td (Reinvested) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.55 458.28 Td (Total) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.40 448.28 Td (Declared) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.00 448.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.75 448.28 Td (Total Declared) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 433.28 Td (2013 ) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 75.50 437.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 433.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 433.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 433.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.00 433.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 433.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 418.27 Td (June 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 418.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.15 418.27 Td (9,829) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 418.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 418.27 Td (5,913) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 418.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 418.27 Td (15,742) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 418.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 418.27 Td (960) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 403.27 Td (March 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 403.27 Td (214,893) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 403.27 Td (11,175) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.15 403.27 Td (226,068) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 403.27 Td (138) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 388.27 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 388.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 388.27 Td (224,722) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 388.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 388.27 Td (17,088) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 388.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.15 388.27 Td (241,810) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 434.00 392.07 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 388.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.15 388.27 Td (1,098) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 523.00 392.07 Td (\(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 358.28 Td (2012 ) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 75.50 362.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 358.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 358.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 358.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 358.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 343.27 Td (December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 343.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.15 343.27 Td (17,801) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 343.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 343.27 Td (11,631) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 343.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 343.27 Td (29,432) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 343.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 343.27 Td (140) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 328.27 Td (September 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.15 328.27 Td (17,513) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 328.27 Td (11,780) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 328.27 Td (29,293) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 328.27 Td (141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 313.27 Td (June 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.15 313.27 Td (17,054) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 313.27 Td (11,783) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 313.27 Td (28,837) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 313.27 Td (139) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 298.27 Td (March 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.15 298.27 Td (16,813) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 298.27 Td (11,888) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 298.27 Td (28,701) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 298.27 Td (139) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 283.27 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 283.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.15 283.27 Td (69,181) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 283.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 283.27 Td (47,082) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 283.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.15 283.27 Td (116,263) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 434.00 287.07 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 283.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 283.27 Td (559) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 523.00 288.43 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 255.10 Td (Excluded from this table are distributions declared with respect to the Participation Interest \(as discussed further in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 243.10 Td (Note 9 Related Party ) Tj ET Q q 0 0 0 rg BT 184.41 243.10 Td (T) Tj ET Q q 0 0 0 rg BT 190.17 243.10 Td (ransactions\). ) Tj ET Q q 0 0 0 rg BT 245.80 243.10 Td (The amount of distributions declared with respect to the Participation Interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 231.10 Td (for the quarters ended June 30, 2013 and March 31, 2013 were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.26 231.10 Td ($0.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 231.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.59 231.10 Td ($1) Tj ET Q q 0 0 0 rg BT 417.22 231.10 Td (1.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.11 231.10 Td ( \(including the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.93 231.10 Td ($10.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 219.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.89 219.10 Td ( special distribution declared in March 2013 that was included in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.48 219.10 Td ($226.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.38 219.10 Td ( amount declared at March ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 207.10 Td (31, 2013 above\), respectively) Tj ET Q q 0 0 0 rg BT 203.37 207.10 Td (. ) Tj ET Q q 0 0 0 rg BT 210.69 207.10 Td (The distributions declared with respect to the Participation Interest for the quarters ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 195.10 Td (ended December 31, 2012, September 30, 2012, June 30, 2012 and March 31, 2012 were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.52 195.10 Td ($1.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.41 195.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.41 195.10 Td ($1.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.30 195.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 183.10 Td ($1.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.89 183.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.33 183.10 Td ($1.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.22 183.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 255.88 183.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 159.10 Td (As stated above, a portion of the total distributions declared were designated by the Company as special distributions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 147.10 Td (and funded using proceeds from sales of investment property) Tj ET Q q 0 0 0 rg BT 329.73 147.10 Td (, which represents a return of a portion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 135.10 Td (stockholders and noncontrolling interests) Tj ET Q q 0 0 0 rg BT 253.28 135.10 Td ( invested capital. For the six months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.36 135.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.19 135.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.19 135.10 Td ($206.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.08 135.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 123.10 Td (the Company) Tj ET Q q 0 0 0 rg BT 142.38 123.10 Td (s distributions declared were designated as special distributions, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.93 123.10 Td ($198.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.82 123.10 Td ( of which related to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 111.10 Td (one-time ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.04 111.10 Td ($0.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.54 111.10 Td ( per share special distribution described above. For the year ended December 31, 2012, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.75 111.10 Td ($35.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 111.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 99.10 Td (of the total distributions declared to the Company) Tj ET Q q 0 0 0 rg BT 287.35 99.10 Td (s stockholders and non-controlling interests were paid using such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 87.10 Td (sales proceeds.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 41 0 obj <> endobj 42 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 (18) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (9.Related Party T) Tj ET Q q 0 0 0 rg BT 126.56 742.25 Td (ransactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 718.25 Td (The table below outlines fees incurred and expense reimbursements payable to Hines, the ) Tj ET Q q 0 0 0 rg BT 427.88 718.25 Td (Advisor and Hines Securities, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Inc. for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.65 706.25 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.74 706.25 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.56 706.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.39 706.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.83 706.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.83 706.25 Td ( and outstanding as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.10 706.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.93 706.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.37 706.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.95 706.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (\(all amounts are in thousands\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 618.75 177.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 618.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 618.75 49.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 618.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 618.75 49.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 618.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 618.75 49.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 618.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 618.75 49.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 618.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 618.75 49.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 618.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 618.75 66.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 554.75 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 554.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 554.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 554.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 554.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 554.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 554.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 524.75 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 524.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 524.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 524.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 524.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 524.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 524.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 494.75 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 494.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 494.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 494.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 494.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 494.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 494.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 494.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 494.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 494.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 494.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 494.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 494.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 464.75 177.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 464.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 464.75 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 464.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 464.75 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 464.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 464.75 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 464.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 464.75 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 464.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 464.75 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 464.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 464.75 66.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.75 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 404.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 404.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 404.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 404.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 404.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 404.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 404.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 404.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 404.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 404.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 404.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 404.75 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 656.75 m 280.5 656.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 656.75 m 284.5 656.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 656.75 m 333.5 656.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 656.75 m 337.5 656.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 656.75 m 386.5 656.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 656.75 m 390.5 656.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 656.75 m 439.5 656.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 656.75 m 492.5 656.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 656.75 m 496.5 656.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 656.75 m 562.5 656.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 656.75 m 492.5 656.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 618.75 m 227.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 618.75 m 280.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 618.75 m 333.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 618.75 m 386.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 618.75 m 439.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 618.75 m 492.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 618.75 m 562.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 618.75 m 280.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 618.75 m 333.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 618.75 m 386.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 618.75 m 439.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 618.75 m 492.5 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 584.75 m 492.5 584.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 582.75 m 492.5 582.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 618.75 m 562.5 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 584.75 m 562.5 584.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 582.75 m 562.5 582.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 554.75 m 227.5 554.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 404.75 m 492.5 404.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 404.75 m 562.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 390.75 m 492.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 388.75 m 492.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 390.75 m 562.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 388.75 m 562.5 388.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 661.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 315.90 661.43 Td (Incurred) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.50 661.43 Td (Unpaid as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 637.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 236.50 647.43 Td (Three Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 264.20 637.43 Td (June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 348.50 647.43 Td (Six Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 370.20 637.43 Td (June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.70 637.43 Td (June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 499.90 637.43 Td (December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 623.43 Td (Type and Recipient) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 245.50 623.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 298.50 623.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.50 623.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.50 623.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.50 623.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 519.00 623.43 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 608.42 Td (Participation Interest in the Operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 598.42 Td (Partnership HALP) Tj ET Q q 0 0 0 rg BT 134.29 598.42 Td ( ) Tj ET Q q 0 0 0 rg BT 136.24 598.42 Td (Associates Limited ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 588.42 Td (Partnership) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 98.55 592.95 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.00 588.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.15 588.42 Td (4,645) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.00 588.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.15 588.42 Td (5,286) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.00 588.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 588.42 Td (9,329) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.00 588.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 588.42 Td (10,497) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 588.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 588.42 Td (88,782) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.00 588.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 588.42 Td (92,404) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 559.43 Td (Due to Affiliates) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 277.00 559.43 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 330.00 559.43 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.00 559.43 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.00 559.43 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 489.00 559.43 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.00 559.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 544.42 Td (Issuer Costs the ) Tj ET Q q 0 0 0 rg BT 125.78 544.42 Td (Advisor) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.65 544.42 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.65 544.42 Td (200) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.65 544.42 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 544.42 Td (230) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 544.42 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 544.42 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 529.42 Td (Asset Management Fee the Advisor) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.15 529.42 Td (3,617) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.15 529.42 Td (2,535) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 529.42 Td (7,391) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 529.42 Td (5,067) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 529.42 Td (1,208) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 529.42 Td (2,597) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 514.42 Td (Debt Financing Fee the Advisor) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.65 514.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.65 514.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 514.42 Td (3,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.65 514.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 514.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 514.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 499.42 Td (Other the ) Tj ET Q q 0 0 0 rg BT 99.93 499.42 Td (Advisor) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.65 499.42 Td (944) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.65 499.42 Td (884) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 499.42 Td (1,749) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 499.42 Td (1,639) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 499.42 Td (472) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 499.42 Td (674) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 484.42 Td (Property Management Fee Hines) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.15 484.42 Td (1,342) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.15 484.42 Td (1,704) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 484.42 Td (2,868) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 484.42 Td (3,181) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 484.42 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 484.42 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 469.42 Td (Leasing Fee Hines) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.65 469.42 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.15 469.42 Td (2,553) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 469.42 Td (1,533) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 469.42 Td (2,851) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 469.42 Td (2,477) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 469.42 Td (2,992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 454.42 Td (Tenant Construction Management Fees ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 444.42 Td (Hines) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.65 444.42 Td (109) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.65 444.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.65 444.42 Td (126) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.65 444.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 444.42 Td (58) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 444.42 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 429.42 Td (Expense Reimbursements Hines \(with) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 419.42 Td (respect to management and operation of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 409.42 Td (the Companys properties\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.15 409.42 Td (3,573) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.15 409.42 Td (3,935) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 409.42 Td (7,774) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 409.42 Td (8,121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 409.42 Td (355) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 409.42 Td (877) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 394.42 Td (Due to Affiliates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.00 394.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 394.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.00 394.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 394.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 394.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 394.42 Td (4,673) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.00 394.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 394.42 Td (7,158) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 366.25 Td (The Company records a liability related to the Participation Interest based on its estimated settlement value in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 354.25 Td (accompanying condensed consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 309.35 354.25 Td (This liability is remeasured at fair value based on the related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 342.25 Td (redemption price in place as of each balance sheet plus any unpaid distributions. ) Tj ET Q q 0 0 0 rg BT 411.73 342.25 Td (As described previously in Note 8 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 330.25 Td (Distributions, the Company declared an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.63 330.25 Td ($0.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.13 330.25 Td ( special distribution \(or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.67 330.25 Td ($10.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.56 330.25 Td (, in total, to the Participation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 318.25 Td (Interest\) to all stockholders of the Company in March 2013, which represented a reduction in the Participation Interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 306.25 Td (liability to reflect a return of capital for the period ending March 31, 2013.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (10. Changes in ) Tj ET Q q 0 0 0 rg BT 114.09 283.25 Td (Assets and Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 259.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 93.63 259.25 Td (fect of the changes in asset and liability accounts on cash flows from operating activities for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.79 259.25 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.79 259.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.83 247.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.27 247.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.27 247.25 Td ( is as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 209.75 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 209.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 209.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 209.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 179.75 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 179.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 179.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 179.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 149.75 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 149.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 149.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 149.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 119.75 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 119.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 119.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 119.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 209.75 m 498.5 209.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 209.75 m 562.5 209.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 209.75 m 498.5 209.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 209.75 m 562.5 209.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 104.75 m 498.5 104.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 104.75 m 562.5 104.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 90.75 m 498.5 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 88.75 m 498.5 88.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 90.75 m 562.5 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 88.75 m 562.5 88.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 214.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.00 214.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 522.00 214.43 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 199.42 Td (Change in other assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 199.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.30 199.47 Td (\(947) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 199.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.00 199.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 199.47 Td (\(1,495) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 199.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 184.42 Td (Change in tenant and other receivables) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.80 184.47 Td (\(1,857) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 184.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 184.47 Td (\(1,780) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 184.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 169.42 Td (Change in deferred leasing costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 169.47 Td (\(20,227) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 169.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 169.47 Td (\(40,850) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 169.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 154.42 Td (Change in accounts payable and accrued expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 154.47 Td (\(25,165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 154.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 154.42 Td (17,364) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 139.42 Td (Change in participation interest liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.80 139.47 Td (\(3,621) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 139.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 139.42 Td (8,018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 124.42 Td (Change in other liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.80 124.47 Td (\(4,392) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 124.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.30 124.47 Td (\(907) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 124.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 109.42 Td (Change in due to affiliates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.80 109.47 Td (\(2,483) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 109.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 109.42 Td (3,055) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 94.42 Td (Changes in assets and liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 94.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 94.47 Td (\(58,692) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 94.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.00 94.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 94.47 Td (\(16,595) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 94.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 43 0 obj <> endobj 44 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 (19) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (1) Tj ET Q q 0 0 0 rg BT 54.45 742.25 Td (1. Supplemental Cash Flow Disclosures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 718.25 Td (Supplemental cash flow disclosures for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.40 718.25 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.40 718.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.90 718.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.73 718.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.17 718.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.17 718.25 Td ( are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 665.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 665.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 665.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 665.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 635.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 635.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 635.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 605.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 605.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 605.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 680.75 m 493.5 680.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 680.75 m 562.5 680.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 685.42 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.50 685.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 519.50 685.43 Td (2012) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 53.00 670.43 Td (Supplemental Disclosure of Cash Flow Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 670.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 670.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 655.42 Td (Cash paid for interest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 655.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 655.42 Td (29,570) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 655.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 655.42 Td (37,834) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 640.42 Td (Cash paid for income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 640.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 640.42 Td (553) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 640.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 640.42 Td (501) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 53.00 625.43 Td (Supplemental Schedule of Non-Cash Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 625.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 625.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 610.42 Td (Distributions declared and unpaid) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 610.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 610.42 Td (15,817) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 610.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 610.42 Td (28,976) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 595.42 Td (Distributions reinvested) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 595.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 595.42 Td (22,806) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 595.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 595.42 Td (24,005) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 580.42 Td (Shares tendered for redemption) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 580.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 580.42 Td (26,510) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 580.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 580.42 Td (3,286) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 564.25 Td () Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (12.Commitments and Contingencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 529.25 Td (On May 23, 2012, DirecTV) Tj ET Q q 0 0 0 rg BT 178.91 529.25 Td ( signed a lease renewal for its space in the Raytheon/DirecTV) Tj ET Q q 0 0 0 rg BT 425.86 529.25 Td ( of) Tj ET Q q 0 0 0 rg BT 436.51 529.25 Td (fice properties located in El ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td (Segundo, California.In connection with this renewal, the Company committed to fund ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.60 517.25 Td ($14.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.49 517.25 Td ( of tenant improvements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 505.25 Td (and leasing commissions related to its space, to be paid in future periods.) Tj ET Q q 0 0 0 rg BT 346.60 505.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.04 505.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.88 505.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.88 505.25 Td ($12.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.77 505.25 Td ( of this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (commitment remained unfunded and is recorded in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.88 493.25 Td (accounts payable and accrued expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.58 493.25 Td ( in the accompanying condensed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (consolidated balance sheet. ) Tj ET Q q 0 0 0 rg BT 163.94 481.25 Td (The Company settled this obligation as a result of the sale of the Raytheon/DirecTV) Tj ET Q q 0 0 0 rg BT 500.06 481.25 Td ( buildings, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (which is discussed further in Note 15 Subsequent Events.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 445.25 Td (The credit agreement for the HSH Nordbank pooled mortgage facility requires that the properties financed by this facility ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (maintain a combined occupancy at or above ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.54 433.25 Td (85%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.87 433.25 Td (. ) Tj ET Q q 0 0 0 rg BT 253.82 433.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.26 433.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.09 433.25 Td (, certain properties caused the Company to fail to meet ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (this occupancy requirement. ) Tj ET Q q 0 0 0 rg BT 167.46 421.25 Td (As a result, the facility) Tj ET Q q 0 0 0 rg BT 261.04 421.25 Td (s limited payment guaranty to which the Company is a party has been ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (triggered, requiring the Company to commit to fund a property leasing guaranty in an amount that would be required to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (increase the occupancy of all individual borrowings base assets to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.03 397.25 Td (90%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.36 397.25 Td (. ) Tj ET Q q 0 0 0 rg BT 341.31 397.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.75 397.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.58 397.25 Td (, the Company believes the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (amount of this potential guaranty obligation is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.47 385.25 Td ($17.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.36 385.25 Td (. ) Tj ET Q q 0 0 0 rg BT 298.68 385.25 Td (This guaranty will be dischar) Tj ET Q q 0 0 0 rg BT 415.14 385.25 Td (ged once the portfolio of properties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (financed by this facility achieves a combined occupancy greater than or equal to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.48 373.25 Td (85%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.81 373.25 Td ( or once all outstanding payments of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (interest and principal are paid in full. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 361.25 Td (No) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.22 361.25 Td ( liability was recorded in relation to this guaranty) Tj ET Q q 0 0 0 rg BT 411.74 361.25 Td (, as the Company believes the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (probability of the Company being required to perform under this guaranty is remote. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 325.25 Td (As discussed in Note 6 Debt Financing, the Company was not in compliance with the debt service coverage covenant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (required under its credit facility with HSH Nordbank. Per the agreement with HSH Nordbank, the Company is required to be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (in compliance for the next fiscal quarter or it will be required to post additional collateral of up to $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.37 301.25 Td (7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.76 301.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 277.25 Td (The Company is subject to various legal proceedings and claims that arise in the ordinary course of business. ) Tj ET Q q 0 0 0 rg BT 506.32 277.25 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 265.25 Td (matters are generally covered by insurance. ) Tj ET Q q 0 0 0 rg BT 226.12 265.25 Td (While the resolution of these matters cannot be predicted with certainty) Tj ET Q q 0 0 0 rg BT 511.48 265.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 253.25 Td (management believes the final outcome of such matters will not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 412.46 253.25 Td (fect on the Company) Tj ET Q q 0 0 0 rg BT 498.82 253.25 Td (s condensed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 241.25 Td (consolidated financial statements.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (13.Fair V) Tj ET Q q 0 0 0 rg BT 93.90 218.25 Td (alue Disclosures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 59.00 194.25 Td (Assets and Liabilities Measur) Tj ET Q q 0 0 0 rg BT 184.66 194.25 Td (ed at Fair) Tj ET Q q 0 0 0 rg BT 226.13 194.25 Td ( ) Tj ET Q q 0 0 0 rg BT 228.45 194.25 Td (V) Tj ET Q q 0 0 0 rg BT 234.76 194.25 Td (alue on a Recurring Basis) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 170.25 Td (Derivative Instruments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 146.25 Td (The Company records liabilities related to the fair values of its interest rate swap contracts. ) Tj ET Q q 0 0 0 rg BT 434.36 146.25 Td (The valuation of these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 134.25 Td (instruments is determined based on assumptions that management believes market participants would use in pricing, using ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 122.25 Td (widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 110.25 Td (derivative.) Tj ET Q q 0 0 0 rg BT 97.30 110.25 Td (This analysis reflects the contractual terms of the derivatives, including the period to maturity) Tj ET Q q 0 0 0 rg BT 471.54 110.25 Td (, and uses observable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 98.25 Td (market-based inputs, including interest rate curves and implied volatilities.) Tj ET Q q 0 0 0 rg BT 353.63 98.25 Td (The fair values of the Company) Tj ET Q q 0 0 0 rg BT 483.31 98.25 Td (s interest rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 86.25 Td (contracts have been determined using the market standard methodology of netting the discounted future fixed cash receipts \(or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 74.25 Td (payments\) and the discounted expected variable cash payments \(or receipts\).) Tj ET Q q 0 0 0 rg BT 361.37 74.25 Td (The variable cash payments \(or receipts\) are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 62.25 Td (based on an expectation of future interest rates \(forward curves\) derived from observable market interest rate curves.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 45 0 obj <> endobj 46 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 (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (Although the Company has determined the majority of the inputs used to value its derivatives fall within Level 2 of the fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (value hierarchy) Tj ET Q q 0 0 0 rg BT 111.26 730.10 Td (, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (current credit spreads to evaluate the likelihood of default by the Company and its counterparty) Tj ET Q q 0 0 0 rg BT 430.89 718.10 Td (, HSH Nordbank. In adjusting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the fair values of its derivative contracts for the ef) Tj ET Q q 0 0 0 rg BT 249.46 706.10 Td (fect of nonperformance risk, the Company has considered the impact of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (netting and any applicable credit enhancements, such as collateral postings, thresholds and guarantees. However) Tj ET Q q 0 0 0 rg BT 498.89 694.10 Td (, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.55 694.10 Td (June30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 682.10 Td (, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuations of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (its derivatives. ) Tj ET Q q 0 0 0 rg BT 110.27 658.10 Td (As a result, the Company has determined its derivative valuations are classified in Level 2 of the fair value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 87.10 646.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 634.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 622.10 Td (The following fair value hierarchy table sets forth the Company) Tj ET Q q 0 0 0 rg BT 325.97 622.10 Td (s interest rate swaps which are measured at fair value on a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (recurring basis, which equals book value, by level within the fair value hierarchy as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.94 610.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.77 610.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.21 610.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.79 610.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (\(in thousands\).) Tj ET Q q 0 0 0 rg BT 114.26 598.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 173.97 598.10 Td (s derivative financial instruments are recorded in interest rate swap contracts in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (accompanying condensed consolidated balance sheets.) Tj ET Q q 0 0 0 rg BT 273.35 586.10 Td (The Company has not designated any of its derivative instruments as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (hedging instruments for accounting purposes.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 502.60 131.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 181.50 502.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 502.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 502.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 502.60 112.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 502.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 502.60 91.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 502.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 502.60 91.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 536.6 m 372.5 536.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 536.6 m 376.5 536.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 536.6 m 467.5 536.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 536.6 m 471.5 536.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 536.6 m 562.5 536.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 502.6 m 181.5 502.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 502.6 m 256.5 502.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 502.6 m 372.5 502.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 502.6 m 467.5 502.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 502.6 m 562.5 502.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 502.6 m 181.5 502.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 502.6 m 256.5 502.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 502.6 m 372.5 502.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 502.6 m 467.5 502.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 502.6 m 562.5 502.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 541.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.00 541.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 338.40 541.28 Td (Basis of Fair Value Measurements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 507.28 Td (Description) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.20 507.28 Td (Fair Value) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 265.30 527.28 Td (Quoted Prices In Active) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 270.25 517.28 Td (Markets for Identical) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 284.05 507.28 Td (Items \(Level 1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.50 527.28 Td (Significant Other) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.90 517.28 Td (Observable Inputs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.75 507.28 Td (\(Level 2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 493.40 527.28 Td (Significant) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.05 517.28 Td (Unobservable) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 482.60 507.28 Td (Inputs \(Level 3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 492.27 Td (June 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.00 492.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 492.27 Td (81,667) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.00 492.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 492.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.00 492.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 492.27 Td (81,667) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.00 492.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 492.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 477.27 Td (December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.00 477.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.15 477.27 Td (101,211) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.00 477.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 477.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.00 477.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.15 477.27 Td (101,211) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.00 477.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 477.27 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 59.00 449.10 Td (Financial Instruments Fair) Tj ET Q q 0 0 0 rg BT 174.38 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.70 449.10 Td (V) Tj ET Q q 0 0 0 rg BT 183.00 449.10 Td (alue Disclosur) Tj ET Q q 0 0 0 rg BT 243.10 449.10 Td (es) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 425.10 Td (Other Financial Instruments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 401.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.44 401.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.27 401.10 Td (, management estimated that the fair value of notes payable, which had a carrying value of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.58 401.10 Td ($1.2 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.69 401.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.05 389.10 Td ($1.2 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.17 389.10 Td (. ) Tj ET Q q 0 0 0 rg BT 118.61 389.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.06 389.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.64 389.10 Td (, management estimated that the fair value of notes payable, which had a carrying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (value of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.99 377.10 Td ($1.3 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.10 377.10 Td (, was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.15 377.10 Td ($1.3 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.26 377.10 Td (. ) Tj ET Q q 0 0 0 rg BT 205.08 377.10 Td (The discount rates used approximate current lending rates for loans or groups of loans ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (with similar maturities and credit quality) Tj ET Q q 0 0 0 rg BT 212.37 365.10 Td (, assumes the debt is outstanding through maturity and considers the debt) Tj ET Q q 0 0 0 rg BT 507.88 365.10 Td (s collateral ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (\(if applicable\). Management has utilized market information as available or present value techniques to estimate the amounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (required to be disclosed. ) Tj ET Q q 0 0 0 rg BT 150.07 341.10 Td (The Company has determined the majority of the inputs used to value its notes payable fall within ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (Level 2 of the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 185.95 329.10 Td (, however the credit quality adjustments associated with its fair value of notes payable utilize ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (Level 3 inputs. However) Tj ET Q q 0 0 0 rg BT 148.46 317.10 Td (, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.12 317.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.95 317.10 Td (, the Company has assessed the significance of the impact of the credit quality ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (adjustments on the overall valuations of its fair market value of notes payable and has determined that they are not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (significant.) Tj ET Q q 0 0 0 rg BT 99.16 293.10 Td (As a result, the Company has determined these financial instruments utilize Level 2 inputs. Since such amounts are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (estimates that are based on limited available market information for similar transactions, there can be no assurance that the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (disclosed values could be realized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 245.10 Td (Other financial instruments not measured at fair value on a recurring basis include cash and cash equivalents, restricted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (cash, distributions receivable, tenant and other receivables, accounts payable and accrued expenses, other liabilities, due to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 221.10 Td (filiates and distributions payable. ) Tj ET Q q 0 0 0 rg BT 195.16 221.10 Td (The carrying value of these items reasonably approximates their fair value based on their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (highly-liquid nature and/or short-term maturities.Due to the short-term nature of these instruments, Level 1 and Level 2 inputs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (are utilized to estimate the fair value of these financial instruments.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 59.00 173.10 Td (Assets and Liabilities Measur) Tj ET Q q 0 0 0 rg BT 184.66 173.10 Td (ed at Fair) Tj ET Q q 0 0 0 rg BT 226.13 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.45 173.10 Td (V) Tj ET Q q 0 0 0 rg BT 234.76 173.10 Td (alue on a Nonr) Tj ET Q q 0 0 0 rg BT 297.64 173.10 Td (ecurring Basis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 149.10 Td (Certain long-lived assets are measured at fair value on a non-recurring basis. ) Tj ET Q q 0 0 0 rg BT 381.87 149.10 Td (These assets are not measured at fair value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (on an ongoing basis, but are subject to fair value adjustments \(i.e., impairments\) in certain circumstances. ) Tj ET Q q 0 0 0 rg BT 476.92 137.10 Td (The fair value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (methodologies used to measure long-lived assets are described in Note 2 Summary of Significant ) Tj ET Q q 0 0 0 rg BT 453.53 125.10 Td (Accounting Policies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (Impairment of Investment Property) Tj ET Q q 0 0 0 rg BT 190.70 113.10 Td (. ) Tj ET Q q 0 0 0 rg BT 198.02 113.10 Td (The inputs associated with the valuation of long-lived assets are generally included in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (Level 2 or Level 3 of the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 229.54 101.10 Td (, as discussed below) Tj ET Q q 0 0 0 rg BT 309.99 101.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 47 0 obj <> endobj 48 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 (21) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (Impairment of Investment Pr) Tj ET Q q 0 0 0 rg BT 182.88 742.10 Td (operty) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 718.10 Td (Investment properties are reviewed for impairment at each reporting period if events or changes in circumstances indicate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (that the carrying amount may not be recoverable. ) Tj ET Q q 0 0 0 rg BT 248.54 706.10 Td (At June 30, 2013, the Company determined that its directly-owned investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (property located in El Segundo, California was impaired as a result of the contract sales price of the investment being less than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (its carrying value. Further) Tj ET Q q 0 0 0 rg BT 155.96 682.10 Td (, at June 30, 2013 and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.94 682.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.53 682.10 Td (, the Company determined that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.61 682.10 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.04 682.10 Td ( additional investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (property and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.32 670.10 Td (two) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.32 670.10 Td ( investment properties, respectively) Tj ET Q q 0 0 0 rg BT 259.84 670.10 Td (, were impaired due to a shortened expected hold period, which reduced ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (the projected undiscounted cash flows for these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.44 658.10 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.43 658.10 Td ( assets. ) Tj ET Q q 0 0 0 rg BT 293.08 658.10 Td (This resulted in the net book value of the assets exceeding the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (projected undiscounted cash flows for these properties. ) Tj ET Q q 0 0 0 rg BT 272.16 646.10 Td (As a result, these assets were written down to fair value. ) Tj ET Q q 0 0 0 rg BT 501.91 646.10 Td (The following ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (table summarizes activity for the Company) Tj ET Q q 0 0 0 rg BT 225.23 634.10 Td (s assets measured at fair value, on a non-recurring basis, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.59 634.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.42 634.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 622.10 Td (:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.00 530.60 95.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.00 530.60 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 530.60 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 530.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 530.60 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 530.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 530.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 530.60 15.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 530.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 530.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 530.60 59.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 530.60 20.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 148 597.6 m 206 597.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206 597.6 m 260 597.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260 597.6 m 264 597.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 264 597.6 m 333 597.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 333 597.6 m 337 597.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337 597.6 m 392 597.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 597.6 m 407 597.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 407 597.6 m 472 597.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 53 530.6 m 148 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 148 530.6 m 206 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206 530.6 m 260 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 264 530.6 m 333 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337 530.6 m 392 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 407 530.6 m 472 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 476 530.6 m 535 530.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 265.90 602.28 Td (Basis of Fair) Tj ET Q q 0 0 0 rg BT 319.61 602.28 Td ( ) Tj ET Q q 0 0 0 rg BT 321.93 602.28 Td (V) Tj ET Q q 0 0 0 rg BT 328.23 602.28 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 381.10 602.28 Td (ements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 55.50 535.28 Td (As of) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 151.75 535.28 Td (Description) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 210.20 545.28 Td (Fair) Tj ET Q q 0 0 0 rg BT 228.34 545.28 Td ( ) Tj ET Q q 0 0 0 rg BT 230.66 545.28 Td (V) Tj ET Q q 0 0 0 rg BT 236.97 545.28 Td (alue ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 214.00 535.28 Td (of ) Tj ET Q q 0 0 0 rg BT 224.28 535.28 Td (Assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 267.85 585.28 Td (Quoted Prices) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.65 575.28 Td (In ) Tj ET Q q 0 0 0 rg BT 290.05 575.28 Td (Active) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 272.40 565.28 Td (Markets for) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 279.10 555.28 Td (Identical ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 286.05 545.28 Td (Items) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 279.25 535.28 Td (\(Level 1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 340.90 575.28 Td (Significant) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.30 565.28 Td (Other) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 339.55 555.28 Td (Observable) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 350.10 545.28 Td (Inputs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.25 535.28 Td (\(Level 2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.90 565.28 Td (Significant) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.55 555.28 Td (Unobservable) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 425.10 545.28 Td (Inputs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.25 535.28 Td (\(Level 3\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.15 545.28 Td (Impairment) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.25 535.28 Td (Loss ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 55.50 510.27 Td (June 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.25 520.27 Td (Investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.50 510.27 Td (properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.50 510.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.65 510.27 Td (111,158) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.50 510.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 510.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.50 510.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.65 510.27 Td (98,977) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 394.50 515.43 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.50 510.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 510.27 Td (12,181) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.50 510.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.65 510.27 Td (3,956) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 537.50 515.43 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 55.50 485.27 Td (December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.25 495.27 Td (Investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.50 485.27 Td (properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.50 485.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.65 485.27 Td (85,184) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.50 485.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 485.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.50 485.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 485.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.50 485.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 485.27 Td (85,184) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.50 485.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.65 485.27 Td (53,483) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 537.50 490.43 Td (\(3\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 457.10 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 457.10 Td (Management) Tj ET Q q 0 0 0 rg BT 140.98 457.10 Td (s estimate of the fair value of these properties was determined using a contract sales price for the Level 2 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 445.10 Td (inputs. See the quantitative information about the significant unobservable inputs used for the Company) Tj ET Q q 0 0 0 rg BT 507.30 445.10 Td (s Level 3 fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 433.10 Td (value measurements below) Tj ET Q q 0 0 0 rg BT 193.65 433.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 409.10 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 409.10 Td ($4.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.89 409.10 Td ( of impairment loss was recorded for each of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.93 409.10 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.03 409.10 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.85 409.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.68 409.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 385.10 Td (\(3\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 385.10 Td (Of this amount, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.00 385.10 Td ($46.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.89 385.10 Td ( in impairment losses were recorded for each of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.58 385.10 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.68 385.10 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.50 385.10 Td (June30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 373.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.00 373.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 349.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 127.71 349.10 Td (s estimated fair value of its directly-owned investment property in Minneapolis, Minnesota as of June 30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (2013 was based on a comparison of recent market activity and discounted cash flow models, which include estimates of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (property-specific inflows and outflows over a specific holding period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.64 325.10 Td (Significant unobservable quantitative inputs used in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (determining the fair value of each investment property include: a discount rate ranging from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.98 313.10 Td (5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.31 313.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.09 313.10 Td (9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.42 313.10 Td (; a capitalization rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (9.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.83 301.10 Td (; stabilized occupancy rates ranging from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.54 301.10 Td (90%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.88 301.10 Td ( through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.98 301.10 Td (95%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.31 301.10 Td (; and current market rental rates ranging from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.24 301.10 Td ($9.25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.74 301.10 Td ( per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (square foot to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.49 289.10 Td ($9.39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.99 289.10 Td ( per square foot.) Tj ET Q q 0 0 0 rg BT 199.78 289.10 Td (These inputs are based on the location, type and nature of each property) Tj ET Q q 0 0 0 rg BT 486.52 289.10 Td (, current and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (anticipated market conditions, and management) Tj ET Q q 0 0 0 rg BT 244.10 277.10 Td (s knowledge and expertise in real estate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 253.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 127.71 253.10 Td (s estimated fair value of the investment properties in Minneapolis, Minnesota, Melville, New ) Tj ET Q q 0 0 0 rg BT 502.25 253.10 Td (Y) Tj ET Q q 0 0 0 rg BT 508.47 253.10 Td (ork and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (Seattle, ) Tj ET Q q 0 0 0 rg BT 82.03 241.10 Td (W) Tj ET Q q 0 0 0 rg BT 90.67 241.10 Td (ashington as of December 31, 2012 was based on a comparison of recent market activity and discounted cash flow ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (models, which include estimates of property specific inflows and outflows over a specific holding period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.11 229.10 Td (Significant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (unobservable quantitative inputs used in determining the fair value of each investment include: discount rates ranging from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.14 217.10 Td (8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.47 217.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.61 205.10 Td (13%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.94 205.10 Td (; a capitalization rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.83 205.10 Td (8.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.66 205.10 Td (; stabilized occupancy rates ranging from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.38 205.10 Td (82%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.71 205.10 Td ( through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.82 205.10 Td (93%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 205.10 Td (; and current market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (rental rates ranging from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.63 193.10 Td ($1) Tj ET Q q 0 0 0 rg BT 161.25 193.10 Td (1.20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.75 193.10 Td ( per square foot to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.01 193.10 Td ($21.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.51 193.10 Td ( per square foot.) Tj ET Q q 0 0 0 rg BT 351.30 193.10 Td (These inputs are based on the location, type and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (nature of each property) Tj ET Q q 0 0 0 rg BT 142.36 181.10 Td (, current and anticipated market conditions, and management) Tj ET Q q 0 0 0 rg BT 389.21 181.10 Td (s knowledge and expertise in real estate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 49 0 obj <> endobj 50 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 (22) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (14.Reportable Segments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 706.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 127.71 706.25 Td (s investments in real estate are geographically diversified and management evaluates the operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (performance of each at an individual property level. ) Tj ET Q q 0 0 0 rg BT 260.00 694.25 Td (The Company has determined it has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.64 694.25 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.62 694.25 Td ( reportable segments: \(1\) of) Tj ET Q q 0 0 0 rg BT 536.96 694.25 Td (fice ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (properties, \(2\) a domestic industrial property and \(3\) domestic retail properties. ) Tj ET Q q 0 0 0 rg BT 368.89 682.25 Td (The of) Tj ET Q q 0 0 0 rg BT 395.08 682.25 Td (fice properties segment consists of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.88 682.25 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.88 682.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 670.25 Td (fice properties that the Company owns directly as well as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.75 670.25 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.75 670.25 Td ( of) Tj ET Q q 0 0 0 rg BT 310.40 670.25 Td (fice properties that are owned indirectly through the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 658.25 Td (s investment in the Core Fund. ) Tj ET Q q 0 0 0 rg BT 216.75 658.25 Td (The domestic industrial property segment consists of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.88 658.25 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.32 658.25 Td ( directly-owned industrial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (property located in Dallas, ) Tj ET Q q 0 0 0 rg BT 158.39 646.25 Td (T) Tj ET Q q 0 0 0 rg BT 163.80 646.25 Td (exas. ) Tj ET Q q 0 0 0 rg BT 186.39 646.25 Td (The domestic retail segment consists of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.63 646.25 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.63 646.25 Td ( grocery-anchored shopping centers in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Grocery-Anchored Portfolio. In 2012, the Company considered its investment in Distribution Park Rio as a separate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (international industrial property segment, however) Tj ET Q q 0 0 0 rg BT 252.04 622.25 Td (, in January 2013, the Company sold its indirect investment in Distribution ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Park Rio. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 586.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 127.71 586.25 Td (s indirect investments are accounted for using the equity method of accounting. ) Tj ET Q q 0 0 0 rg BT 447.35 586.25 Td (As such, the activities of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (these investments are reflected in investmentsin unconsolidated entities in the condensed consolidated balance sheets and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (equity in earnings \(losses\) of unconsolidated entities, net in the condensed consolidated statements of operations. ) Tj ET Q q 0 0 0 rg BT 506.56 562.25 Td (As discussed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (above, in January 2013, the Company sold its indirect investment in Distribution Park Rio, which is reflected in the tables ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 538.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 514.25 Td (The tables below provide additional information related to each of the Company) Tj ET Q q 0 0 0 rg BT 392.07 514.25 Td (s segments \(in thousands\) and a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (reconciliation to the Company) Tj ET Q q 0 0 0 rg BT 174.14 502.25 Td (s net income or loss, as applicable. Corporate-Level ) Tj ET Q q 0 0 0 rg BT 387.95 502.25 Td (Accounts includes amounts incurred by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (the corporate-level entities which are not allocated to any of the reportable segments.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 421.75 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 421.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 421.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 421.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 421.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 421.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 421.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 421.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 391.75 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 391.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 391.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 391.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 391.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 391.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 391.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 391.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 361.75 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 361.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 361.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 361.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 361.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 361.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 361.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 361.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 331.75 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 331.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 331.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 331.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 331.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 292.75 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 292.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 292.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 292.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 292.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 292.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 292.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 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0 i [] 0 d 0 J 0 j 3 M 294.5 375.75 m 360.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 377.75 m 430.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 375.75 m 430.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 377.75 m 496.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 375.75 m 496.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 377.75 m 562.5 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 375.75 m 562.5 375.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 316.75 m 360.5 316.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 316.75 m 430.5 316.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 316.75 m 496.5 316.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 316.75 m 562.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 293.75 m 360.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 291.75 m 360.5 291.75 l 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q 0 0 0 rg BT 53.00 426.43 Td (Total revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 426.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.00 426.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.00 426.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.00 426.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 411.42 Td (Office properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 411.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 411.42 Td (55,607) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.00 411.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.15 411.42 Td (56,406) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.00 411.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 411.42 Td (111,301) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.00 411.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 411.42 Td (113,829) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 396.42 Td (Domestic industrial property) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 396.42 Td (752) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 396.42 Td (739) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 396.42 Td (1,528) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 396.42 Td (1,496) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 381.43 Td (Total revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 381.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 381.42 Td (56,359) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.00 381.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.15 381.42 Td (57,145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.00 381.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 381.42 Td (112,829) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.00 381.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 381.42 Td (115,325) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 351.43 Td (Net pr) Tj ET Q q 0 0 0 rg BT 80.31 351.43 Td (operty r) Tj ET Q q 0 0 0 rg BT 114.84 351.43 Td (evenues in excess of expenses) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 238.16 355.96 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 351.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.00 351.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.00 351.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.00 351.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 336.42 Td (Of) Tj ET Q q 0 0 0 rg BT 75.37 336.42 Td (fice properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 336.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 336.42 Td (29,457) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.00 336.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.15 336.42 Td (32,017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.00 336.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 336.42 Td (59,413) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.00 336.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 336.42 Td (65,109) Tj ET Q BT /F2 10.00 Tf ET q 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390.50 664.50 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 664.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 664.50 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 634.50 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 634.50 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 634.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 634.50 84.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 724.5 m 474.5 724.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 724.5 m 562.5 724.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 724.5 m 474.5 724.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 724.5 m 562.5 724.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 619.5 m 474.5 619.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 619.5 m 562.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 605.5 m 474.5 605.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 603.5 m 474.5 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 605.5 m 562.5 605.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 603.5 m 562.5 603.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 729.18 Td (Total assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.95 729.18 Td (June 30, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 490.90 739.18 Td (December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.00 729.18 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 714.17 Td (Office properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.00 714.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.65 714.17 Td (1,940,035) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.00 714.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 714.17 Td (2,243,240) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 699.17 Td (Domestic industrial property) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 699.17 Td (38,857) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 699.17 Td (39,214) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 684.17 Td (Investment in unconsolidated entities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 669.17 Td (Office properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.15 669.17 Td (326,728) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 669.17 Td (250,138) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 654.17 Td (Domestic retail properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 654.17 Td (62,242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 654.17 Td (53,793) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 639.17 Td (International industrial property) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.65 639.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 639.17 Td (25,487) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 624.17 Td (Corporate-level accounts) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 159.23 628.70 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.15 624.17 Td (168,199) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 624.17 Td (155,337) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 609.18 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.00 609.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.65 609.17 Td (2,536,061) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.00 609.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 609.17 Td (2,767,209) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 593.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 581.00 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 581.00 Td (This amount primarily consists of cash and cash equivalents at the corporate level, including proceeds from the sale of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 569.00 Td (the Company) Tj ET Q q 0 0 0 rg BT 142.38 569.00 Td (s directly and indirectly-owned investments as well as the cash collateral deposit related to the letter of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 557.00 Td (credit with the Bank of Montreal. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 490.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 490.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 490.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 490.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 490.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 490.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 490.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 490.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 460.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 460.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 460.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 460.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 460.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 460.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 460.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 460.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 430.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 430.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 430.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 430.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 430.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 430.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 430.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 400.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 400.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 400.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 400.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 400.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 400.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 400.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 400.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 370.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 370.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 370.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 370.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 370.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 370.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 370.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 370.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 340.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 340.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 340.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 340.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 340.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 340.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 340.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 340.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 310.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 310.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 310.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 310.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 310.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 310.50 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 310.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 310.50 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 504.5 m 370.5 504.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 504.5 m 442.5 504.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 504.5 m 508.5 504.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 504.5 m 574.5 504.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 310.5 m 370.5 310.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 310.5 m 442.5 310.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 310.5 m 508.5 310.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 310.5 m 574.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 296.5 m 370.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 294.5 m 370.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 296.5 m 442.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 294.5 m 442.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 296.5 m 508.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 294.5 m 508.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 296.5 m 574.5 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 294.5 m 574.5 294.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 524.17 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 307.45 524.18 Td (Three Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.50 524.18 Td (Six Months Ended June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 509.17 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 326.00 509.18 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.00 509.18 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.00 509.18 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 533.00 509.18 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 495.18 Td (Reconciliation to net income \(loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 480.17 Td (Total segment net property revenues in excess of expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.00 480.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 480.17 Td (29,984) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.00 480.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 480.17 Td (32,523) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 480.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.15 480.17 Td (60,464) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.00 480.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 480.17 Td (66,062) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 465.17 Td (Depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.80 465.22 Td (\(15,482) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.65 465.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.80 465.22 Td (\(17,811) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 465.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.80 465.22 Td (\(31,722) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 465.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 465.17 Td (\(35,679) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 570.65 465.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 450.17 Td (Asset management fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.80 450.22 Td (\(8,262) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.65 450.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.80 450.22 Td (\(7,821) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 450.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.80 450.22 Td (\(16,720) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 450.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 450.17 Td (\(15,564) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 570.65 450.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 435.17 Td (General and administrative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.80 435.22 Td (\(1,909) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.65 435.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.80 435.22 Td (\(2,125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 435.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.80 435.22 Td (\(3,576) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 435.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 435.17 Td (\(3,608) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 570.65 435.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 420.17 Td (Impairment losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.80 420.22 Td (\(3,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.65 420.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.80 420.22 Td (\(46,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 420.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.80 420.22 Td (\(3,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 420.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 420.17 Td (\(46,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 570.65 420.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 405.17 Td (Gain \(loss\) on derivative instruments, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 405.17 Td (13,258) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.80 405.22 Td (\(2,394) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 405.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.15 405.17 Td (19,544) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 405.17 Td (1,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 390.17 Td (Interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.80 390.22 Td (\(14,088) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.65 390.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.80 390.22 Td (\(17,129) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 390.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.80 390.22 Td (\(30,808) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 390.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 390.17 Td (\(34,267) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 570.65 390.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 375.17 Td (Interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 375.17 Td (197) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.65 375.17 Td (178) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 375.17 Td (383) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.65 375.17 Td (351) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 360.17 Td (Benefit \(provision\) for income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.30 360.22 Td (\(71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.65 360.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.30 360.22 Td (\(120) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 360.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.30 360.22 Td (\(138) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 360.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.30 360.17 Td (\(189) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 570.65 360.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 345.17 Td (Gain \(loss\) on sale of unconsolidated joint venture) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 345.17 Td (122) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 345.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.15 345.17 Td (16,087) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.65 345.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 330.17 Td (Equity in earnings \(losses\) of unconsolidated entities, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 330.17 Td (78,829) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 330.17 Td (1,041) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.15 330.17 Td (81,424) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.30 330.17 Td (\(106) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 570.65 330.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 315.17 Td (Income \(loss\) from discontinued operations, net of tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.65 315.17 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 315.17 Td (1,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 315.17 Td (145,477) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 315.17 Td (3,601) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 300.17 Td (Net income \(loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.00 300.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 300.17 Td (78,637) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.00 300.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.80 300.22 Td (\(58,663) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 300.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 300.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 300.17 Td (236,459) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.00 300.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 300.17 Td (\(64,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 570.65 300.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 273.25 Td (15.Subsequent Events) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 249.25 Td (In July 2013, the Company sold the Raytheon/DIRECTV) Tj ET Q q 0 0 0 rg BT 297.24 249.25 Td ( buildings and One ) Tj ET Q q 0 0 0 rg BT 375.39 249.25 Td (W) Tj ET Q q 0 0 0 rg BT 384.43 249.25 Td (ilshire for a contract sales price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.98 249.25 Td ($550.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 237.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 237.25 Td (. ) Tj ET Q q 0 0 0 rg BT 86.21 237.25 Td (The Raytheon and DIRECTV) Tj ET Q q 0 0 0 rg BT 205.17 237.25 Td ( buildings comprise a two-building of) Tj ET Q q 0 0 0 rg BT 355.81 237.25 Td (fice complex in the South Bay submarket in El ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 225.25 Td (Segundo, California, and One ) Tj ET Q q 0 0 0 rg BT 171.46 225.25 Td (W) Tj ET Q q 0 0 0 rg BT 180.50 225.25 Td (ilshire is an of) Tj ET Q q 0 0 0 rg BT 237.25 225.25 Td (fice building and retail space with a subterranean parking garage located in Los ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (Angeles, California. ) Tj ET Q q 0 0 0 rg BT 135.63 213.25 Td (The Company did not consider this property as held for sale as of June 30, 2013 due to the following: \(i\) it ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 201.25 Td (is common within the real estate industry for there to be continuous negotiations between the buyer and seller from the initial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (letter of intent through the contractual closing date, which often result in amendments to the terms of the purchase and sale ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 177.25 Td (agreement, and \(ii\) given the complexities of the due diligence process, it would have been unlikely to find another buyer and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 165.25 Td (close on the sale within twelve months should the buyer have decided not to purchase the property) Tj ET Q q 0 0 0 rg BT 443.13 165.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.50 141.25 Td (*****) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 53 0 obj <> endobj 54 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 (24) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item2.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.99 742.25 Td ( Management) Tj ET Q q 0 0 0 rg BT 142.03 742.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 213.62 742.25 Td (Analysis of Financial Condition and Results of Operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 718.25 Td (The following discussion and analysis of our financial condition and r) Tj ET Q q 0 0 0 rg BT 348.75 718.25 Td (esults of operations should be r) Tj ET Q q 0 0 0 rg BT 474.21 718.25 Td (ead in conjunction ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (with our unaudited condensed consolidated financial statements andthe notes ther) Tj ET Q q 0 0 0 rg BT 381.25 706.25 Td (eto included elsewher) Tj ET Q q 0 0 0 rg BT 468.08 706.25 Td (e in this Quarterly ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Report on Form10-Q. The following discussion should also be r) Tj ET Q q 0 0 0 rg BT 308.24 694.25 Td (ead in conjunction with our audited consolidated financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (statements and the notes ther) Tj ET Q q 0 0 0 rg BT 166.28 682.25 Td (eto and Management) Tj ET Q q 0 0 0 rg BT 258.31 682.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 328.41 682.25 Td (Analysis of Financial Condition and Results of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Operations included in our ) Tj ET Q q 0 0 0 rg BT 166.48 670.25 Td (Annual Report on Form10-K for the year ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 362.84 670.25 Td (December31, 2012) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 441.43 670.25 Td ( \(2012 ) Tj ET Q q 0 0 0 rg BT 475.14 670.25 Td (Annual Report\).) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 646.25 Td (Cautionary NoteRegarding Forward-Looking Statements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 622.25 Td (This Quarterly Report on Form10-Q includes forward-looking statements within the meaning of Section27A) Tj ET Q q 0 0 0 rg BT 506.81 622.25 Td ( of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 91.38 610.25 Td (Act of 1933, as amended, and Section21E of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 372.97 610.25 Td (Act of 1934, as amended. Such statements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (include statements concerning future financial performance and distributions, future debt and financing levels, payments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (toHines ) Tj ET Q q 0 0 0 rg BT 85.56 586.25 Td (Advisors Limited Partnership \(the Advisor\), and its af) Tj ET Q q 0 0 0 rg BT 310.33 586.25 Td (filiates and other plans and objectives of management for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (future operations or economic performance, or assumptions or forecasts related thereto as well as all other statements that are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (not historical statements. ) Tj ET Q q 0 0 0 rg BT 152.02 562.25 Td (These statements are only predictions. ) Tj ET Q q 0 0 0 rg BT 307.35 562.25 Td (W) Tj ET Q q 0 0 0 rg BT 315.99 562.25 Td (e caution that forward-looking statements are not guarantees. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Actual events or our investments and results of operations could dif) Tj ET Q q 0 0 0 rg BT 320.31 550.25 Td (fer materially from those expressed or implied in forward-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (looking statements. Forward-looking statements are typically identified by the use of terms such as may) Tj ET Q q 0 0 0 rg BT 469.53 538.25 Td (, should, expect, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (could, intend, plan, anticipate, estimate, believe, continue, predict, potential or the negative of such terms ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (and other comparable terminology) Tj ET Q q 0 0 0 rg BT 187.36 514.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 490.25 Td (The forward-looking statements included in this Quarterly Report on Form10-Q are based on our current expectations, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. ) Tj ET Q q 0 0 0 rg BT 402.16 478.25 Td (Assumptions relating to the foregoing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (involve judgments with respect to, among other things, future economic, competitive and market conditions, the availability of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (future financing and future business decisions, all of which are dif) Tj ET Q q 0 0 0 rg BT 314.46 454.25 Td (ficult or impossible to predict accurately and many of which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (are beyond our control. ) Tj ET Q q 0 0 0 rg BT 145.25 442.25 Td (Any of the assumptions underlying forward-looking statements could prove to be inaccurate. ) Tj ET Q q 0 0 0 rg BT 519.14 442.25 Td (T) Tj ET Q q 0 0 0 rg BT 524.55 442.25 Td (o the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (extent that our assumptions dif) Tj ET Q q 0 0 0 rg BT 173.13 430.25 Td (fer from actual results, our ability to meet such forward-looking statements, including our ability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (to generate positive cash flow from operations, pay distributions to our stockholders and maintain the value of the real estate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (properties in which we hold an interest, may be significantly hindered.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 382.25 Td (The following are some of the risks and uncertainties, which could cause actual results to dif) Tj ET Q q 0 0 0 rg BT 438.26 382.25 Td (fer materially from those ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (presented in certain forward-looking statements:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 346.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 346.25 Td (The potential need to fund tenant improvements, lease-up costs or other capital expenditures, as well as increases in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 334.25 Td (property operating expenses and costs of compliance with environmental matters or discovery of previously ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 322.25 Td (undetected environmentally hazardous or other undetected adverse conditions at our properties;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 298.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 298.25 Td (Risks associated with debt;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 274.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 274.25 Td (Competition for tenants, including competition with af) Tj ET Q q 0 0 0 rg BT 313.39 274.25 Td (filiates of Hines Interests Limited Partnership \(Hines\);) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 250.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 250.25 Td (Risks associated with adverse changes in general economic or local market conditions, including terrorist attacks ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 238.25 Td (and other acts of violence, which may af) Tj ET Q q 0 0 0 rg BT 256.98 238.25 Td (fect the markets in which we and our tenants operate;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 214.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 214.25 Td (Catastrophic events, such as hurricanes, earthquakes, tornadoes and terrorist attacks; and our ability to secure ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 202.25 Td (adequate insurance at reasonable and appropriate rates;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 178.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 178.25 Td (The failure of any bank in which we deposit our funds could reduce the amount of cash we have available to pay ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 166.25 Td (distributions and make additional investments;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 142.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 142.25 Td (Changes in governmental, tax, real estate and zoning laws and regulations and the related costs of compliance and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 130.25 Td (increases in our administrative operating expenses, including expenses associated with operating as a public ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 118.25 Td (company;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 94.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 94.25 Td (Risks relating to our investment in Hines USCore Of) Tj ET Q q 0 0 0 rg BT 308.96 94.25 Td (fice Fund LP) Tj ET Q q 0 0 0 rg BT 360.81 94.25 Td ( \(the Core Fund\), such as its reliance on Hines ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 82.25 Td (for its operations and investments, and our potential liability for Core Fund obligations;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 58.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 58.25 Td (The lack of liquidity associated with our assets;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 55 0 obj <> endobj 56 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 (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 742.10 Td (Our reliance on our ) Tj ET Q q 0 0 0 rg BT 174.97 742.10 Td (Advisor) Tj ET Q q 0 0 0 rg BT 206.79 742.10 Td (, Hines and af) Tj ET Q q 0 0 0 rg BT 262.15 742.10 Td (filiates of Hines for our day-to-day operations and our ) Tj ET Q q 0 0 0 rg BT 480.70 742.10 Td (Advisor) Tj ET Q q 0 0 0 rg BT 513.29 742.10 Td () Tj ET Q q 0 0 0 rg BT 516.07 742.10 Td (s ability to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 730.10 Td (attract and retain high-quality personnel who can provide service at a level acceptable to us;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 706.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 706.10 Td (Risks associated with conflicts of interests that result from our relationship with our ) Tj ET Q q 0 0 0 rg BT 432.44 706.10 Td (Advisor and Hines, as well as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 694.10 Td (conflicts of interests certain of our of) Tj ET Q q 0 0 0 rg BT 243.10 694.10 Td (ficers and directors face relating to the positions they hold with other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 682.10 Td (entities;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 658.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 658.10 Td (Our ability to continue to qualify as a real estate investment trust \(REIT\) for federal income tax purposes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 634.10 Td (These risks are more fully discussed in, and all forward-looking statements should be read in light of, all of the factors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (discussed in PartI, Item1A. Risk Factors in our ) Tj ET Q q 0 0 0 rg BT 253.31 622.10 Td (Annual Report on Form10-K for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.64 622.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.23 622.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 598.10 Td (Y) Tj ET Q q 0 0 0 rg BT 74.22 598.10 Td (ou are cautioned not to place undue reliance on any forward-looking statements included in this Form10-Q. ) Tj ET Q q 0 0 0 rg BT 508.55 598.10 Td (All forward-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (looking statements are made as of the date of this Form10-Q and the risk that actual results will dif) Tj ET Q q 0 0 0 rg BT 447.78 586.10 Td (fer materially from the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (expectations expressed in this Form10-Q may increase with the passage of time. In light of the significant uncertainties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (inherent in the forward-looking statements included in this Form10-Q, the inclusion of such forward-looking statements should ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (not be regarded as a representation by us or any other person that the objectives and plans set forth in this Form10-Q will be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 89.98 538.10 Td (All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (expressly qualified in their entirety by reference to these risks and uncertainties. Each forward-looking statement speaks only as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (of the date of the particular statement, and we do not undertake to update any forward-looking statement.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 490.10 Td (Executive Summary) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 466.10 Td (Hines Real Estate Investment ) Tj ET Q q 0 0 0 rg BT 188.34 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 194.10 466.10 Td (rust, Inc. \(Hines REIT and, together with its consolidated subsidiaries, we, us or the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Company\) and its subsidiary) Tj ET Q q 0 0 0 rg BT 172.94 454.10 Td (, Hines REIT) Tj ET Q q 0 0 0 rg BT 225.81 454.10 Td ( Properties, L.P) Tj ET Q q 0 0 0 rg BT 286.91 454.10 Td (. \(the Operating Partnership\) were formed in ) Tj ET Q q 0 0 0 rg BT 475.73 454.10 Td (August 2003 for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (purpose of investing in and owning interests in real estate. ) Tj ET Q q 0 0 0 rg BT 285.04 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 293.68 442.10 Td (e have invested in real estate to satisfy our primary investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (objectives, including preserving invested capital, paying regular cash distributions and achieving modest capital appreciation of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (our assets over the long term. ) Tj ET Q q 0 0 0 rg BT 170.07 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 178.71 418.10 Td (e have made investments directly through entities wholly owned by the Operating Partnership ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (or indirectly through other entities such as through our investment in the Core Fund. ) Tj ET Q q 0 0 0 rg BT 389.11 406.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.55 406.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.38 406.10 Td (, we had direct and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (indirect interests in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.15 394.10 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.15 394.10 Td ( properties. ) Tj ET Q q 0 0 0 rg BT 186.45 394.10 Td (These properties consist of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.42 394.10 Td (32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.42 394.10 Td ( of) Tj ET Q q 0 0 0 rg BT 317.07 394.10 Td (fice properties located throughout the United States, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.12 394.10 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.56 394.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (industrial property in Dallas, ) Tj ET Q q 0 0 0 rg BT 167.29 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 172.71 382.10 Td (exas and a portfolio of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.18 382.10 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.18 382.10 Td ( grocery-anchored shopping centers located in five states primarily in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (the Southeastern United States \(the Grocery-Anchored Portfolio\). In total, we acquired interests in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.09 370.10 Td (63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.09 370.10 Td ( properties since our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (inception and have sold our interests in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.13 358.10 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.13 358.10 Td ( of those properties as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.66 358.10 Td (August12, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.05 358.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 57 0 obj <> endobj 58 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 (26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (The following table provides summary information regarding the properties in which we owned interests as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.77 742.10 Td (June30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 74.45 730.10 Td (All assets which are 100% owned by us are referred to as directly-owned properties. ) Tj ET Q q 0 0 0 rg BT 422.38 730.10 Td (All other properties are owned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (indirectly through investments in the Core Fund and the Grocery-Anchored Portfolio.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 671.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 671.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 671.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 671.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 671.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 671.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 671.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 671.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 671.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 671.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 645.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 645.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 645.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 645.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 645.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 645.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 645.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 645.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 645.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 645.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 619.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 619.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 619.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 619.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 619.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 619.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 593.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 593.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 593.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 593.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 593.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 593.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 567.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 567.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 567.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 567.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 567.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 567.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 567.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 567.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 567.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 567.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 541.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 541.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 541.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 541.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 541.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 541.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 515.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 515.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 515.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 515.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 515.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 515.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 515.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 515.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 515.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 515.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 489.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 489.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 489.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 489.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 489.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 489.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 489.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 489.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 489.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 463.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 463.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 463.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 463.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 463.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 463.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 463.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 463.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 463.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 437.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 437.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 437.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 437.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 437.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 437.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 437.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 437.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 437.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 437.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 411.60 283.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 411.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 411.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 411.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 411.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 411.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 411.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 411.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 411.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 385.60 283.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 385.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 385.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 385.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 385.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 385.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 385.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 385.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 385.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 359.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 359.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 359.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 359.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 359.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 359.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 359.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 359.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 359.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 359.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 333.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 333.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 333.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 333.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 333.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 333.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 333.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 333.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 333.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 333.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 307.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 307.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 307.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 307.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 307.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 307.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 307.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 307.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 307.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 307.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 281.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 281.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 281.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 281.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 281.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 281.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 281.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 281.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 281.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 281.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 255.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 255.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 255.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 255.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 255.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 255.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 255.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 255.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 255.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 255.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 229.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 229.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 229.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 229.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 229.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 229.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 229.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 229.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 229.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 229.60 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 203.60 144.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 203.60 139.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 203.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 203.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 203.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 203.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 203.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 203.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 203.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 203.60 57.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 684.6 m 194.5 684.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 684.6 m 333.5 684.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 684.6 m 387.5 684.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 684.6 m 455.5 684.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 684.6 m 501.5 684.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 684.6 m 562.5 684.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 671.6 m 194.5 671.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 671.6 m 333.5 671.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 411.6 m 455.5 411.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 411.6 m 501.5 411.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 372.6 m 194.5 372.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 372.6 m 333.5 372.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 359.6 m 194.5 359.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 359.6 m 333.5 359.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 190.60000000000002 m 455.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 190.60000000000002 m 501.5 190.60000000000002 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 104.80 689.05 Td (Property) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 255.25 689.05 Td (City) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 698.05 Td (Date) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 344.05 689.05 Td (Acquired) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.95 698.05 Td (Leasable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.95 689.05 Td (Square Feet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.30 698.05 Td (Percent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.50 689.05 Td (Leased) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.50 698.05 Td (Effective ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 508.45 689.05 Td (Ownership) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 550.96 693.59 Td (\(1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 675.33 Td (Directly-owned Properties) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 362.00 675.33 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 423.00 675.33 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 480.00 675.33 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 533.50 675.33 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 662.17 Td (321 North Clark) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 662.17 Td (Chicago, Illinois) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 662.17 Td (04/2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 662.17 Td (889,744) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 662.17 Td (77) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 662.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 662.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 662.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 649.17 Td (Citymark) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 649.17 Td (Dallas, Texas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 649.17 Td (08/2005) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 649.17 Td (218,926) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 649.17 Td (76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 649.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 649.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 649.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 636.17 Td (4050/4055 Corporate Drive) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 636.17 Td (Dallas, Texas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 636.17 Td (05/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 636.17 Td (643,429) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 636.17 Td (85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 636.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 636.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 636.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 623.17 Td (JPMorgan Chase Tower) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 623.17 Td (Dallas, Texas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.55 623.17 Td (11/2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 623.17 Td (1,253,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 623.17 Td (81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 623.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 623.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 623.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 610.17 Td (345 Inverness Drive) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 610.17 Td (Denver, Colorado) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 610.17 Td (12/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 610.17 Td (175,287) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 610.17 Td (69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 610.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 610.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 610.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 597.17 Td (Arapahoe Business Park) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 597.17 Td (Denver, Colorado) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 597.17 Td (12/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 597.17 Td (309,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 597.17 Td (92) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 597.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 597.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 597.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 584.17 Td (Raytheon/DIRECTV) Tj ET Q q 0 0 0 rg BT 137.25 584.17 Td ( Buildings) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 178.65 588.70 Td ( \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 584.17 Td (El Segundo, California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 584.17 Td (03/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 584.17 Td (550,579) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.65 584.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 584.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 584.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 584.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 571.17 Td (2100 Powell) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 571.17 Td (Emeryville, California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 571.17 Td (12/2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 571.17 Td (345,892) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 571.17 Td (75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 571.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 571.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 571.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 558.17 Td (2555 Grand) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 558.17 Td (Kansas City, Missouri) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 558.17 Td (02/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 558.17 Td (595,607) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.65 558.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 558.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 558.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 558.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 545.17 Td (One ) Tj ET Q q 0 0 0 rg BT 71.98 545.17 Td (W) Tj ET Q q 0 0 0 rg BT 81.02 545.17 Td (ilshire ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 108.51 549.70 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 545.17 Td (Los Angeles, California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 545.17 Td (08/2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 545.17 Td (661,553) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 545.17 Td (93) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 545.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 545.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 545.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 532.17 Td (3 Huntington Quadrangle) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 532.17 Td (Melville, New York) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 532.17 Td (07/2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 532.17 Td (407,912) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 532.17 Td (86) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 532.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 532.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 532.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 519.17 Td (Airport Corporate Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 519.17 Td (Miami, Florida) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 519.17 Td (01/2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 519.17 Td (1,018,428) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 519.17 Td (76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 519.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 519.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 519.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 506.17 Td (Minneapolis Office/Flex Portfolio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 506.17 Td (Minneapolis, Minnesota) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 506.17 Td (09/2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 506.17 Td (770,140) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 506.17 Td (80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 506.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 506.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 506.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 493.17 Td (3400 Data Drive) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 493.17 Td (Rancho Cordova, California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.55 493.17 Td (11/2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 493.17 Td (149,703) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.65 493.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 493.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 493.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 493.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 480.17 Td (Daytona Buildings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 480.17 Td (Redmond, Washington) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 480.17 Td (12/2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 480.17 Td (251,313) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.65 480.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 480.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 480.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 480.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 467.17 Td (Laguna Buildings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 467.17 Td (Redmond, Washington) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 467.17 Td (01/2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 467.17 Td (460,661) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 467.17 Td (89) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 467.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 467.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 467.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 454.17 Td (1515 S Street) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 454.17 Td (Sacramento, California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.55 454.17 Td (11/2005) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 454.17 Td (349,740) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 454.17 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 454.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 454.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 454.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 441.17 Td (1900 and 2000 Alameda) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 441.17 Td (San Mateo, California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 441.17 Td (06/2005) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 441.17 Td (254,145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 441.17 Td (94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 441.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 441.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 441.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 428.17 Td (Seattle Design Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 428.17 Td (Seattle, Washington) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 428.17 Td (06/2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 428.17 Td (390,684) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 428.17 Td (67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 428.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 428.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 428.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 415.17 Td (5th and Bell) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 415.17 Td (Seattle, Washington) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 415.17 Td (06/2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 415.17 Td (197,135) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 415.17 Td (49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 415.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 415.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 415.17 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 402.33 Td (Total for Directly-Owned Properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.00 402.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 402.17 Td (9,893,671) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 402.17 Td (84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 402.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 402.17 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 376.33 Td (Indirectly-owned Properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.00 376.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 376.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.00 376.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 376.17 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 363.33 Td (Core Fund Properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.00 363.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 363.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.00 363.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 363.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 350.17 Td (One Atlantic Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 350.17 Td (Atlanta, Georgia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 350.17 Td (07/2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 350.17 Td (1,100,312) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 350.17 Td (85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 350.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 350.17 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 350.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 337.17 Td (The Carillon Building) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 337.17 Td (Charlotte, North Carolina) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 337.17 Td (07/2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 337.17 Td (473,653) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 337.17 Td (78) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 337.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 337.17 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 337.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 324.17 Td (Charlotte Plaza) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 324.17 Td (Charlotte, North Carolina) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 324.17 Td (06/2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 324.17 Td (625,026) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 324.17 Td (94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 324.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 324.17 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 324.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 311.17 Td (One North Wacker) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 311.17 Td (Chicago, Illinois) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 311.17 Td (03/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 311.17 Td (1,373,754) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 311.17 Td (91) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 311.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 311.17 Td (11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 311.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 298.17 Td (333 West Wacker) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 298.17 Td (Chicago, Illinois) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 298.17 Td (04/2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 298.17 Td (857,632) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 298.17 Td (77) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 298.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 298.17 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 298.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 285.17 Td (Renaissance Square) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 285.17 Td (Phoenix, Arizona) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 285.17 Td (12/2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 285.17 Td (965,508) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 285.17 Td (74) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 285.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 285.17 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 285.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 272.17 Td (Riverfront Plaza) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 272.17 Td (Richmond, Virginia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.55 272.17 Td (11/2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 272.17 Td (951,616) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 272.17 Td (79) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 272.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 272.17 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 272.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 259.17 Td (Wells Fargo Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 259.17 Td (Sacramento, California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 259.17 Td (05/2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 259.17 Td (505,842) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 259.17 Td (84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 259.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 259.17 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 259.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 246.17 Td (525 B Street) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 246.17 Td (San Diego, California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 246.17 Td (08/2005) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 246.17 Td (449,180) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 246.17 Td (75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 246.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 246.17 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 246.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 233.17 Td (The KPMG Building) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 233.17 Td (San Francisco, California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 233.17 Td (09/2004) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 233.17 Td (379,328) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 233.17 Td (97) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 233.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 233.17 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 233.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 220.17 Td (101 Second Street) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 220.17 Td (San Francisco, California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 220.17 Td (09/2004) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 220.17 Td (388,370) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 220.17 Td (94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 220.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 220.17 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 220.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 207.17 Td (720 Olive Way) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 207.17 Td (Seattle, Washington) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 207.17 Td (01/2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 207.17 Td (300,710) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 207.17 Td (84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 207.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 207.17 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 207.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 194.17 Td (Warner Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 194.17 Td (Woodland Hills, California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 194.17 Td (10/2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 194.17 Td (808,274) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 194.17 Td (96) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 194.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 194.17 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 194.17 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 181.33 Td (Total for Core Fund Properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 181.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.00 181.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 181.17 Td (9,179,205) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 181.17 Td (85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 181.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 181.17 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 59 0 obj <> endobj 60 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 (27) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 710.50 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 710.50 124.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 710.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 710.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 710.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 710.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 710.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 710.50 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 710.50 16.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 710.50 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 680.50 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 680.50 124.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 680.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 680.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 680.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 680.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 680.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 680.50 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 680.50 16.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 680.50 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.50 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 650.50 124.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 650.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 650.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 650.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 650.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 650.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 650.50 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 650.50 16.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 650.50 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 620.50 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 620.50 124.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 620.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 620.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 620.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 620.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 620.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 620.50 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 620.50 16.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 620.50 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 590.50 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 590.50 124.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 590.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 590.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 590.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 590.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 590.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 590.50 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 590.50 16.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 590.50 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 560.50 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 560.50 124.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 560.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 560.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 560.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 560.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 560.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 560.50 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 560.50 16.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 560.50 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.50 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 530.50 124.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 530.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 530.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 530.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 530.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 530.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 530.50 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 530.50 16.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 530.50 57.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 725.5 m 218.5 725.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 725.5 m 342.5 725.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 725.5 m 389.5 725.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 725.5 m 449.5 725.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 725.5 m 489.5 725.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 725.5 m 562.5 725.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 710.5 m 218.5 710.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 710.5 m 342.5 710.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 530.5 m 449.5 530.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 530.5 m 489.5 530.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 515.5 m 449.5 515.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 501.5 m 449.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 499.5 m 449.5 499.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 515.5 m 489.5 515.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 501.5 m 489.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 499.5 m 489.5 499.5 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.80 729.95 Td (Property) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.75 729.95 Td (City) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.50 738.95 Td (Date) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.55 729.95 Td (Acquired) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.95 738.95 Td (Leasable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.95 729.95 Td (Square Feet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.30 738.95 Td (Percent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.50 729.95 Td (Leased) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.50 738.95 Td (Effective ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 508.45 729.95 Td (Ownership) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 550.96 734.49 Td (\(1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 715.18 Td (Grocery-Anchored Portfolio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.00 715.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 715.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 715.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 715.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 700.17 Td (Cherokee Plaza) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 700.17 Td (Atlanta, Georgia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.55 700.17 Td (11/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 700.17 Td (102,864) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.60 700.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 700.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 700.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 700.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 685.17 Td (Bellaire Boulevard Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 685.17 Td (Bellaire, Texas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.55 685.17 Td (11/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.15 685.17 Td (35,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.60 685.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 685.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 685.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 685.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 670.17 Td (Thompson Bridge Commons) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 670.17 Td (Gainesville, Georgia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.20 670.17 Td (03/2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.15 670.17 Td (92,587) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.60 670.17 Td (95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 670.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 670.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 670.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 655.17 Td (Champions Village) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 655.17 Td (Houston, Texas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.55 655.17 Td (11/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 655.17 Td (393,055) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.60 655.17 Td (93) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 655.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 655.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 655.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 640.17 Td (Kings Crossing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 640.17 Td (Kingwood, Texas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.55 640.17 Td (11/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 640.17 Td (126,397) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.60 640.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 640.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 640.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 640.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 625.17 Td (Sandy Plains Exchange) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 625.17 Td (Marietta, Georgia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.20 625.17 Td (02/2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.15 625.17 Td (72,784) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.60 625.17 Td (95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 625.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 625.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 625.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 610.17 Td (Commons at Dexter Lakes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 610.17 Td (Memphis, Tennessee) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.55 610.17 Td (11/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 610.17 Td (228,796) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.60 610.17 Td (87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 610.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 610.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 610.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 595.17 Td (Mendenhall Commons) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 595.17 Td (Memphis, Tennessee) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.55 595.17 Td (11/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.15 595.17 Td (88,108) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.60 595.17 Td (97) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 595.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 595.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 595.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 580.17 Td (University Palms Shopping Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 580.17 Td (Oviedo, Florida) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.55 580.17 Td (11/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.15 580.17 Td (99,172) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.60 580.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 580.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 580.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 580.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 565.17 Td (Shoppes at Parkland) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 565.17 Td (Parkland, Florida) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.20 565.17 Td (03/2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 565.17 Td (145,543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.60 565.17 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 565.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 565.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 565.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 550.17 Td (Oak Park Village) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 550.17 Td (San Antonio, Texas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.55 550.17 Td (11/2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.15 550.17 Td (64,287) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.60 550.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 550.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 550.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 550.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 535.17 Td (Heritage Station) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 535.17 Td (Wake Forest, North Carolina) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.20 535.17 Td (01/2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.15 535.17 Td (68,641) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.60 535.17 Td (96) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 535.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 535.17 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 535.17 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 520.18 Td (Total for Grocery-Anchored Portfolio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 520.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.00 520.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.60 520.17 Td (1,517,315) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.60 520.17 Td (95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 520.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 520.17 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 505.18 Td (Total for All Properties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.00 505.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.60 505.17 Td (20,590,191) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.60 505.17 Td (85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 505.17 Td (%) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 492.00 510.42 Td (\(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 505.17 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 477.00 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 477.00 Td (This percentage shows the ef) Tj ET Q q 0 0 0 rg BT 201.89 477.00 Td (fective ownership of the Operating Partnership in the properties listed. On ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.70 477.00 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 556.53 477.00 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 465.00 Td (Hines REIT) Tj ET Q q 0 0 0 rg BT 133.87 465.00 Td ( owned a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.46 465.00 Td (94.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.29 465.00 Td ( interest in the Operating Partnership as its sole general partner) Tj ET Q q 0 0 0 rg BT 449.33 465.00 Td (. ) Tj ET Q q 0 0 0 rg BT 453.78 465.00 Td (Af) Tj ET Q q 0 0 0 rg BT 464.15 465.00 Td (filiates of Hines owned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 453.00 Td (the remaining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.76 453.00 Td (5.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.59 453.00 Td ( interest in the Operating Partnership. In addition, the Company owned an approximate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.34 453.00 Td (27.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.17 453.00 Td ( non-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 441.00 Td (managing general partner interest in the Core Fund as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.26 441.00 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.09 441.00 Td (. ) Tj ET Q q 0 0 0 rg BT 374.91 441.00 Td (The Core Fund does not own 100% of these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 429.00 Td (properties; its ownership interest in its properties ranges from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.55 429.00 Td (40.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.38 429.00 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.16 429.00 Td (82.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.99 429.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 405.00 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 405.00 Td (In July 2013, we sold the Raytheon/DIRECTV) Tj ET Q q 0 0 0 rg BT 273.30 405.00 Td ( buildings and One ) Tj ET Q q 0 0 0 rg BT 351.44 405.00 Td (W) Tj ET Q q 0 0 0 rg BT 360.48 405.00 Td (ilshire for a contract sales price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.03 405.00 Td ($550.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.92 405.00 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 393.00 Td (exclusive of transaction costs and closing prorations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 369.00 Td (\(3\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 369.00 Td (This amount represents the percentage leased assuming the Company owns a 100% interest in each of these properties. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 357.00 Td (The percentage leasedbased on the Company) Tj ET Q q 0 0 0 rg BT 271.48 357.00 Td (s ef) Tj ET Q q 0 0 0 rg BT 285.46 357.00 Td (fective ownership interest in each property is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.90 357.00 Td (85%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.23 357.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 333.00 Td (In order to provide capital for these investments, we have raised approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.06 333.00 Td ($2.7 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.17 333.00 Td ( through public of) Tj ET Q q 0 0 0 rg BT 504.92 333.00 Td (ferings of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 321.00 Td (common stock since we commenced our initial public of) Tj ET Q q 0 0 0 rg BT 276.43 321.00 Td (fering in June 2004.In consideration of market conditions and other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 309.00 Td (factors, our board of directors determined to cease sales of our shares to new investors pursuant to our third public of) Tj ET Q q 0 0 0 rg BT 517.74 309.00 Td (fering as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 297.00 Td (of January 1, 2010.However) Tj ET Q q 0 0 0 rg BT 165.68 297.00 Td (, we have continued to sell shares under our dividend reinvestment plan. Based on market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 285.00 Td (conditions and other considerations, we do not currently expect to commence any future of) Tj ET Q q 0 0 0 rg BT 413.59 285.00 Td (ferings other than those related to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 273.00 Td (shares issued under our dividend reinvestment plan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 249.00 Td (As with most commercial real estate, our portfolio of assets has not been immune to the ef) Tj ET Q q 0 0 0 rg BT 429.11 249.00 Td (fects of a recession.However) Tj ET Q q 0 0 0 rg BT 549.22 249.00 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 237.00 Td (due to the quality and diversification of our portfolio, we continue to believe that our portfolio is relatively well-positioned to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 225.00 Td (recover from the negative impact as a result of the recent economic down cycle. In fact, we sold our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.83 225.00 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.16 225.00 Td ( interest in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 213.00 Td (Distribution Park Rio in January 2013, our indirectly-owned industrial property in Rio de Janeiro, Brazil, which we acquired in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 201.00 Td (June 2007 for an initial investment of $28.9 million, to an entity partially owned by an af) Tj ET Q q 0 0 0 rg BT 405.86 201.00 Td (filiate of Hines. ) Tj ET Q q 0 0 0 rg BT 470.66 201.00 Td (The net proceeds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 189.00 Td (received for our 50% interest in Distribution Park Rio were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.94 189.00 Td ($43.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.83 189.00 Td (. In addition, in March 2013, we sold ) Tj ET Q q 0 0 0 rg BT 496.96 189.00 Td (W) Tj ET Q q 0 0 0 rg BT 506.00 189.00 Td (illiams ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 177.00 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 177.00 Td (ower) Tj ET Q q 0 0 0 rg BT 75.00 177.00 Td (, which we acquired in May 2008 for a net contract purchase price of $271.5 million. ) Tj ET Q q 0 0 0 rg BT 417.21 177.00 Td (W) Tj ET Q q 0 0 0 rg BT 425.85 177.00 Td (e received net proceeds of $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.73 177.00 Td (228.4 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 165.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 165.00 Td ( in relation to the sale of these properties. Due to the strategic asset sale of ) Tj ET Q q 0 0 0 rg BT 380.28 165.00 Td (W) Tj ET Q q 0 0 0 rg BT 389.32 165.00 Td (illiams ) Tj ET Q q 0 0 0 rg BT 418.86 165.00 Td (T) Tj ET Q q 0 0 0 rg BT 424.27 165.00 Td (ower during the first quarter of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 153.00 Td (2013 as well as the sales of assets in 2010 and 201) Tj ET Q q 0 0 0 rg BT 251.54 153.00 Td (1, we declared a special distribution of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.71 153.00 Td ($198.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.60 153.00 Td (, resulting in a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 141.00 Td (distribution to stockholders of $0.80 per share, which was paid during the three months ended June 30, 2013 to all stockholders ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 129.00 Td (of record as of ) Tj ET Q q 0 0 0 rg BT 109.98 129.00 Td (April 2, 2013. ) Tj ET Q q 0 0 0 rg BT 168.40 129.00 Td (This distribution was designated by us as a special distribution, which is a return of a portion of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 117.00 Td (the stockholders' invested capital and, as such, reduced their remaining investment in us. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 93.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 117.90 93.00 Td (, on March 25, 2013, our board of directors amended and restated our share redemption program and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 81.00 Td (reinstated the program ef) Tj ET Q q 0 0 0 rg BT 150.05 81.00 Td (fective for share redemption requests received on or after ) Tj ET Q q 0 0 0 rg BT 380.78 81.00 Td (April 1, 2013, subject to the conditions and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 69.00 Td (limitations described in the amended and restated share redemption program. In connection with the reopening of our share ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 57.00 Td (redemption program, we have recorded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.93 57.00 Td ($26.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.82 57.00 Td ( in accounts payable and accrued expenses as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.46 57.00 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.29 57.00 Td ( related to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 45.00 Td (shares tendered for redemption and approved by the board of directors, but which were redeemed on July 1, 2013. In July ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 61 0 obj <> endobj 62 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 (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (2013, we sold Raytheon/DIRECTV) Tj ET Q q 0 0 0 rg BT 192.58 742.10 Td ( Buildings and One ) Tj ET Q q 0 0 0 rg BT 272.40 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 281.44 742.10 Td (ilshire, which we acquired in March 2008 and ) Tj ET Q q 0 0 0 rg BT 467.22 742.10 Td (August 2007, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 730.10 Td (, for a net contract purchase price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.53 730.10 Td ($550.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.42 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.24 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 316.88 730.10 Td (e received net proceeds of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.76 730.10 Td ($266.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.66 730.10 Td ( in relation to this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (sale.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 694.10 Td (In spite of the challenges presented by the uncertain economy and markets, our portfolio was) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.33 694.10 Td (85%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.66 694.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.09 694.10 Td (88%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.42 694.10 Td (leased as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.83 682.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.27 682.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.85 682.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 256.51 682.10 Td (.Our management closely monitors the portfolio) Tj ET Q q 0 0 0 rg BT 454.53 682.10 Td (s lease expirations, which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (for the period from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.86 670.10 Td (July 1, 2013 through December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.72 670.10 Td (, and for each of the years ended December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.75 670.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.75 670.10 Td ( through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.58 658.10 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 658.10 Td (, are expected to approximate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.08 658.10 Td (4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.41 658.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.41 658.10 Td (5.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.24 658.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.24 658.10 Td (8.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.07 658.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.07 658.10 Td (6.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.90 658.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.34 658.10 Td (9.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.17 658.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 432.83 658.10 Td (, of leasable square feet. ) Tj ET Q q 0 0 0 rg BT 531.77 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 540.41 658.10 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (believe this level of expirations is manageable, and we will remain focused on filling tenant vacancies with high-quality tenants ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (in each of the markets in which we operate. ) Tj ET Q q 0 0 0 rg BT 226.04 634.10 Td (Although we continue to lease our properties to a diverse tenant base over a variety ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (of industries,our portfoliois approximately) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.47 622.10 Td (18%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.80 622.10 Td ( leased to approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.32 622.10 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.32 622.10 Td ( companies inthe legal industry) Tj ET Q q 0 0 0 rg BT 483.14 622.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (approximately) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.26 610.10 Td (12%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.59 610.10 Td ( leased to over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.12 610.10 Td (126) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.12 610.10 Td ( companies in the financial and insurance industries, approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.26 610.10 Td (12%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.59 610.10 Td ( leased to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.26 598.10 Td (41) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.26 598.10 Td ( companies in the manufacturing industry and approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.30 598.10 Td (12%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.63 598.10 Td ( leased to approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.16 598.10 Td (65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.16 598.10 Td ( companies in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (the information technology industry) Tj ET Q q 0 0 0 rg BT 193.49 586.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 562.10 Td (As we have disclosed previously) Tj ET Q q 0 0 0 rg BT 201.43 562.10 Td (, we were required to revalue our common shares 18 months after the close of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (primary of) Tj ET Q q 0 0 0 rg BT 92.30 550.10 Td (fering and every 18 months thereafter) Tj ET Q q 0 0 0 rg BT 242.52 550.10 Td (. In November 2012, our board of directors established a new estimated per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (share net asset value \(NA) Tj ET Q q 0 0 0 rg BT 155.33 538.10 Td (V\) of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.65 538.10 Td ($7.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.15 538.10 Td (, which was a slight decrease from our previous estimated per share NA) Tj ET Q q 0 0 0 rg BT 492.27 538.10 Td (V) Tj ET Q q 0 0 0 rg BT 499.31 538.10 Td ( of $7.78. ) Tj ET Q q 0 0 0 rg BT 542.46 538.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (primary driver of the decrease in our estimated per share NA) Tj ET Q q 0 0 0 rg BT 291.94 526.10 Td (V) Tj ET Q q 0 0 0 rg BT 298.98 526.10 Td ( was a $0.15 per share reduction resulting from capital returned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (to the Company) Tj ET Q q 0 0 0 rg BT 116.66 514.10 Td (s stockholders for the period from July 1, 201) Tj ET Q q 0 0 0 rg BT 298.76 514.10 Td (1 through October 1, 2012. ) Tj ET Q q 0 0 0 rg BT 411.89 514.10 Td (While we experienced a 4.4% net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (increase in values across our real estate investments, the valuation of our debt portfolio decreased due to the increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (availability of low-interest rate financing. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 466.10 Td (Further) Tj ET Q q 0 0 0 rg BT 100.04 466.10 Td (, for each of the quarters ended December 31, 2012 and March 31, 2013, the portion of the distributions declared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (our stockholders that was designated as a special distribution was equal to $0.03 per share. ) Tj ET Q q 0 0 0 rg BT 417.50 454.10 Td (The combination of the special ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (distribution of $0.80 per share described above with the $0.03 per share special distributions for each of the quarters ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (December 31, 2012 and March 31, 2013 results in total special distributions of $0.86 per share since our last announcement of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (an estimated per share NA) Tj ET Q q 0 0 0 rg BT 154.78 418.10 Td (V) Tj ET Q q 0 0 0 rg BT 161.82 418.10 Td ( of $7.61 in November 2012. ) Tj ET Q q 0 0 0 rg BT 279.96 418.10 Td (These special distributions reduced the estimated per share NA) Tj ET Q q 0 0 0 rg BT 530.81 418.10 Td (V) Tj ET Q q 0 0 0 rg BT 537.85 418.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td ($6.75, ef) Tj ET Q q 0 0 0 rg BT 85.09 406.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 114.24 406.10 Td (April 2, 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 382.10 Td (The new estimated per share NA) Tj ET Q q 0 0 0 rg BT 198.05 382.10 Td (V) Tj ET Q q 0 0 0 rg BT 205.09 382.10 Td ( of $6.75 has been calculated as of a moment in time, and has only been updated to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (reflect the reduction that resulted from the declaration of the $0.86 per share of special distributions. ) Tj ET Q q 0 0 0 rg BT 453.20 370.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 502.53 370.10 Td (, the reduction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (in the estimated per share NA) Tj ET Q q 0 0 0 rg BT 167.84 358.10 Td (V) Tj ET Q q 0 0 0 rg BT 174.88 358.10 Td ( is a function of the payment of the special distributions as a partial return of stockholders' ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (investment in us and is not indicative of any new valuation of our real estate portfolio. ) Tj ET Q q 0 0 0 rg BT 399.36 346.10 Td (Although the value of our common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (shares will fluctuate over time as a result of, among other things, developments related to individual assets, changes in the real ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (estate and capital markets, additional sales of assets, the distribution of sales proceeds to our stockholders and changes in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (corporate policies such as our dividend level relative to earnings, we do not undertake to update the estimated per share NA) Tj ET Q q 0 0 0 rg BT 543.27 310.10 Td (V) Tj ET Q q 0 0 0 rg BT 550.31 310.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (on a regular basis. ) Tj ET Q q 0 0 0 rg BT 124.70 298.10 Td (As a result, stockholders should not rely on the estimated per share NA) Tj ET Q q 0 0 0 rg BT 408.07 298.10 Td (V) Tj ET Q q 0 0 0 rg BT 415.11 298.10 Td ( as being an accurate measure of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (then-current value of shares of our common stock in making a decision to buy or sell shares of our common stock, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (whether to reinvest distributions by participating in the dividend reinvestment plan and whether to request redemption pursuant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (to our share redemption program. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.64 238.10 Td (e pay distributions to our stockholders on a quarterly basis. ) Tj ET Q q 0 0 0 rg BT 317.53 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 326.56 238.10 Td (ith the authorization of our board of directors, we declared ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (distributions in the amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.83 226.10 Td ($0.00138082) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.33 226.10 Td ( per share, per day from July 2010 through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.62 226.10 Td (March 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.21 226.10 Td (, which represents an annual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (distribution rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.93 214.10 Td (6.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.76 214.10 Td (, based on our estimated per share NA) Tj ET Q q 0 0 0 rg BT 299.20 214.10 Td (V) Tj ET Q q 0 0 0 rg BT 306.24 214.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.57 214.10 Td ($7.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.07 214.10 Td (, determined on November 29, 2012 \(assuming the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (distribution rate was maintained for a twelve-month period\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 178.10 Td (Distributions declared for July 201) Tj ET Q q 0 0 0 rg BT 210.05 178.10 Td (1 through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.16 178.10 Td (March 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.75 178.10 Td ( were paid from two sources. ) Tj ET Q q 0 0 0 rg BT 417.78 178.10 Td (Approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.82 178.10 Td (70%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.15 178.10 Td ( were paid ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (from funds generated by our operations and approximately 30% were special distributions from the proceeds on sales of certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 94.80 154.10 Td (These special distributions represent a return of our stockholders) Tj ET Q q 0 0 0 rg BT 356.21 154.10 Td ( invested capital.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 77.04 130.10 Td (ith the authorization of our board of directors, we have declared distributions from ) Tj ET Q q 0 0 0 rg BT 408.61 130.10 Td (April 2013 through ) Tj ET Q q 0 0 0 rg BT 487.77 130.10 Td (August 2013. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (These distributions will be calculated based on stockholders of record each day during this period in an amount equal to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td ($0.00073973 per share, per day and will be paid on the first day of the month following the fiscal quarter to which they relate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (in cash, or reinvested in stock for those participating in our dividend reinvestment plan. ) Tj ET Q q 0 0 0 rg BT 401.95 94.10 Td (This rate per share, per day) Tj ET Q q 0 0 0 rg BT 510.14 94.10 Td (, reflects a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (reduction from the $0.00138082 per share, per day rate that was declared between July 1, 2010 and March 31, 2013. ) Tj ET Q q 0 0 0 rg BT 517.73 82.10 Td (This rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (per share, per day represents an annual distribution rate of 4.0%, based on our new estimated per share NA) Tj ET Q q 0 0 0 rg BT 476.06 70.10 Td (V) Tj ET Q q 0 0 0 rg BT 483.11 70.10 Td ( of $6.75, assuming ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (such distribution rate is maintained for a twelve-month period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 63 0 obj <> endobj 64 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 (29) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 742.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 101.24 742.25 Td (Accounting Policies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 718.25 Td (Each of our critical accounting policies involves the use of estimates that require management to make assumptions that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (are subjective in nature. Management relies on its experience, collects historical and current market data, and analyzes these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (assumptions in order to arrive at what it believes to be reasonable estimates.In addition, application of these accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (policies involves the exercise of judgments regarding assumptions as to future uncertainties. ) Tj ET Q q 0 0 0 rg BT 420.74 682.25 Td (Actual results could materially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 670.25 Td (fer from these estimates. ) Tj ET Q q 0 0 0 rg BT 161.17 670.25 Td (A) Tj ET Q q 0 0 0 rg BT 167.84 670.25 Td ( disclosure of our critical accounting policies is included in our ) Tj ET Q q 0 0 0 rg BT 421.94 670.25 Td (Annual Report on Form 10-K for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.80 658.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.38 658.25 Td ( in Management) Tj ET Q q 0 0 0 rg BT 261.58 658.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 330.75 658.25 Td (Analysis of Financial Condition and Results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 103.13 646.25 Td (There have been no significant changes to our policies during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.94 646.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.94 646.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 623.25 Td (Financial Condition, Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 283.98 623.25 Td (ces) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 599.25 Td (General) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 587.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 575.25 Td (Our principal cash requirements are for property-level operating expenses, capital improvements and leasing costs, debt ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 563.25 Td (service, corporate-level general and administrative expenses, distributions and redemptions. ) Tj ET Q q 0 0 0 rg BT 419.70 563.25 Td (W) Tj ET Q q 0 0 0 rg BT 428.33 563.25 Td (e have four primary sources of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 551.25 Td (capital for meeting our cash requirements:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 527.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 527.25 Td (proceeds from our dividend reinvestment plan;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 515.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 515.25 Td (debt financings, including secured or unsecured facilities;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 503.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 503.25 Td (proceeds from the sale of our properties; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 491.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 491.25 Td (cash flow generated by our real estate investments and operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 467.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.64 467.25 Td (e are focused on maintaining a strong cash position and managing our capital needs.Historically) Tj ET Q q 0 0 0 rg BT 464.77 467.25 Td (, our operating cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 455.25 Td (needs were primarily met through cash flow generated by our properties and distributions from unconsolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (entities.However) Tj ET Q q 0 0 0 rg BT 122.63 443.25 Td (, due to the ef) Tj ET Q q 0 0 0 rg BT 177.15 443.25 Td (fects of the economic recession on commercial real estate fundamentals and the corresponding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 431.25 Td (reduction in our net operating income in recent years and our ability to execute on several strategic asset sales, an increasing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (portion of our operating cash needs was met through the sale of our investment properties.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 395.25 Td (In March 2013, we sold ) Tj ET Q q 0 0 0 rg BT 165.58 395.25 Td (W) Tj ET Q q 0 0 0 rg BT 174.62 395.25 Td (illiams ) Tj ET Q q 0 0 0 rg BT 204.16 395.25 Td (T) Tj ET Q q 0 0 0 rg BT 209.57 395.25 Td (ower) Tj ET Q q 0 0 0 rg BT 229.16 395.25 Td (, an of) Tj ET Q q 0 0 0 rg BT 254.25 395.25 Td (fice building and adjacent garage located in the Galleria/W) Tj ET Q q 0 0 0 rg BT 489.45 395.25 Td (est Loop ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (submarket of Houston, ) Tj ET Q q 0 0 0 rg BT 143.70 383.25 Td (T) Tj ET Q q 0 0 0 rg BT 149.11 383.25 Td (exas, from which we received net proceeds of $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.86 383.25 Td (228.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.75 383.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 359.25 Td (In January 2013, we sold our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.59 359.25 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.92 359.25 Td ( interest in Distribution Park Rio, our indirectly-owned industrial property in Rio de ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (Janeiro, Brazil, to an entity partially owned by an af) Tj ET Q q 0 0 0 rg BT 257.81 347.25 Td (filiate of Hines, from which we received net proceeds of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.77 347.25 Td ($43.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.66 347.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 323.25 Td (The Core Fund has also sold interests in some of its investment properties in order to realize gains and provide it with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (additional liquidity) Tj ET Q q 0 0 0 rg BT 125.73 311.25 Td (. On June 28, 2013, the Core Fund received net proceeds of $894.6 million from the sale of 425 Lexington, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (499 Park ) Tj ET Q q 0 0 0 rg BT 87.78 299.25 Td (A) Tj ET Q q 0 0 0 rg BT 94.26 299.25 Td (venue and 1200 19th Street \(collectively the New ) Tj ET Q q 0 0 0 rg BT 298.82 299.25 Td (Y) Tj ET Q q 0 0 0 rg BT 305.04 299.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 320.69 299.25 Td (T) Tj ET Q q 0 0 0 rg BT 326.45 299.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 343.39 299.25 Td (Assets\). Both 425 Lexington and 499 Park ) Tj ET Q q 0 0 0 rg BT 522.54 299.25 Td (A) Tj ET Q q 0 0 0 rg BT 529.02 299.25 Td (venue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (are located in midtown Manhattan, New ) Tj ET Q q 0 0 0 rg BT 213.19 287.25 Td (Y) Tj ET Q q 0 0 0 rg BT 219.41 287.25 Td (ork and 1200 19th Street is located in the Golden ) Tj ET Q q 0 0 0 rg BT 418.08 287.25 Td (T) Tj ET Q q 0 0 0 rg BT 423.83 287.25 Td (riangle in ) Tj ET Q q 0 0 0 rg BT 464.19 287.25 Td (W) Tj ET Q q 0 0 0 rg BT 472.83 287.25 Td (ashington D.C.) Tj ET Q q 0 0 0 rg BT 535.89 287.25 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (central business district. ) Tj ET Q q 0 0 0 rg BT 150.82 275.25 Td (At the date of disposition, we owned an 1) Tj ET Q q 0 0 0 rg BT 316.80 275.25 Td (1% ef) Tj ET Q q 0 0 0 rg BT 340.22 275.25 Td (fective interest in the New ) Tj ET Q q 0 0 0 rg BT 447.86 275.25 Td (Y) Tj ET Q q 0 0 0 rg BT 454.08 275.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 469.73 275.25 Td (T) Tj ET Q q 0 0 0 rg BT 475.49 275.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 492.44 275.25 Td (Assets. ) Tj ET Q q 0 0 0 rg BT 525.87 275.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (Core Fund expects to pay a distribution to us in the amount of $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.24 263.25 Td (81.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.14 263.25 Td ( in ) Tj ET Q q 0 0 0 rg BT 366.36 263.25 Td (August 2013, a majority of which is related to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (the sale of the New ) Tj ET Q q 0 0 0 rg BT 129.32 251.25 Td (Y) Tj ET Q q 0 0 0 rg BT 135.54 251.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 151.19 251.25 Td (T) Tj ET Q q 0 0 0 rg BT 156.95 251.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 173.90 251.25 Td (Assets. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 227.25 Td (In July 2013, we sold the Raytheon/DIRECTV) Tj ET Q q 0 0 0 rg BT 255.30 227.25 Td ( buildings and One ) Tj ET Q q 0 0 0 rg BT 333.44 227.25 Td (W) Tj ET Q q 0 0 0 rg BT 342.48 227.25 Td (ilshire for a contract sales price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.03 227.25 Td ($550.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.92 227.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td (from which we received net proceeds of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.98 215.25 Td ($266.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.88 215.25 Td (. ) Tj ET Q q 0 0 0 rg BT 279.19 215.25 Td (The Raytheon and DIRECTV) Tj ET Q q 0 0 0 rg BT 398.15 215.25 Td ( buildings comprise a two-building ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 203.25 Td (fice complex in the South Bay submarket in El Segundo, California, and One ) Tj ET Q q 0 0 0 rg BT 369.29 203.25 Td (W) Tj ET Q q 0 0 0 rg BT 378.33 203.25 Td (ilshire is an of) Tj ET Q q 0 0 0 rg BT 435.08 203.25 Td (fice building and retail space ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (with a subterranean parking garage located in Los ) Tj ET Q q 0 0 0 rg BT 251.59 191.25 Td (Angeles, California. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 167.25 Td (As discussed further below) Tj ET Q q 0 0 0 rg BT 175.94 167.25 Td (, as a result of strategic asset sales and the increase in additional liquidity) Tj ET Q q 0 0 0 rg BT 467.42 167.25 Td (, our board of directors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (has reinstated the share redemption program ef) Tj ET Q q 0 0 0 rg BT 237.52 155.25 Td (fective in ) Tj ET Q q 0 0 0 rg BT 276.95 155.25 Td (April 2013 and declared a special distribution of approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.27 155.25 Td ($198.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 143.25 Td (, or $0.80 per share, as a return of capital to stockholders.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 119.25 Td (Mortgage Financing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 95.25 Td (Our portfolio was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.60 95.25 Td (49%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.93 95.25 Td ( leveraged as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.45 95.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.28 95.25 Td (, with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.56 95.25 Td (77%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.89 95.25 Td ( of our debt in the form of fixed-rate mortgage loans \(some ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 83.25 Td (of which are ef) Tj ET Q q 0 0 0 rg BT 110.06 83.25 Td (fectively fixed through the use of interest rate swaps\). By comparison, our portfolio was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.97 83.25 Td (49%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.30 83.25 Td ( leveraged as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 71.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 71.25 Td (, with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.86 71.25 Td (98%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.19 71.25 Td ( of our debt in the form of fixed-rate mortgage loans. ) Tj ET Q q 0 0 0 rg BT 386.39 71.25 Td (This leverage percentage is calculated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 59.25 Td (using the estimated market value of our real estate investments \(including our pro-rata share of real estate assets and related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (debt owned through our investments in other entities such as the Core Fund\), cash and cash equivalents and restricted cash on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (hand as of that date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 706.10 Td (In order to take advantage of lower interest rate financing and extend the maturity dates of our secured mortgages, during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.72 694.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.71 694.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.21 694.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.04 694.10 Td (, we refinanced ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.89 694.10 Td ($405.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.79 694.10 Td ( in expiring mortgage loans that had a weighted average ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (interest of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.76 682.10 Td (5.74%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.59 682.10 Td ( with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.37 682.10 Td ($446.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.26 682.10 Td ( in principal and a weighted average interest rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.95 682.10 Td (2.77%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.78 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 441.10 682.10 Td (These three financings ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (lowered our overall weighted average interest rate for the portfolio to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.61 670.10 Td (4.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.44 670.10 Td ( from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.88 670.10 Td (5.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.71 670.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.87 670.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.70 670.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.14 670.10 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 658.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.66 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 129.98 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 138.62 658.10 Td (e expect to use proceeds from the sale of other real estate investments \(to the extent available\) to make ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the required payments on our bridge loan that is set to expire in 2013. ) Tj ET Q q 0 0 0 rg BT 333.09 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 341.72 646.10 Td (e have no loans that are scheduled to expire in 2014.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 622.10 Td (Cash Flows from Operating ) Tj ET Q q 0 0 0 rg BT 185.43 622.10 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 598.10 Td (Our direct investments in real estate assets generate cash flow in the form of rental revenues, which are reduced by interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (payments, direct leasing costs and property-level operating expenses. Property-level operating expenses consist primarily of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (salaries and wages of property management personnel, utilities, cleaning, insurance, security and building maintenance costs, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (property management and leasing fees, and property taxes. ) Tj ET Q q 0 0 0 rg BT 287.14 562.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 337.04 562.10 Td (, we incur corporate-level debt service, general and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (administrative expenses and asset management fees.Net cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.08 550.10 Td (used in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.69 550.10 Td ( operating activities was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.10 550.10 Td ($28.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.99 550.10 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.37 550.10 Td (six months ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.88 538.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.38 538.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.21 538.10 Td ( compared to net cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.89 538.10 Td (provided by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.94 538.10 Td ( operating activities of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.13 538.10 Td ($8.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.03 538.10 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.40 538.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.40 538.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.90 538.10 Td (June30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 526.10 Td (.) Tj ET Q q 0 0 0 rg BT 74.82 526.10 Td (The change in cash flows from operating activities between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.57 526.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.57 526.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 526.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 526.10 Td ( is primarily due to increased deferred leasing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (costs paid out in the current period. ) Tj ET Q q 0 0 0 rg BT 195.80 514.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 245.70 514.10 Td (, the sale of ) Tj ET Q q 0 0 0 rg BT 294.12 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 303.15 514.10 Td (illiams ) Tj ET Q q 0 0 0 rg BT 332.70 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 338.11 514.10 Td (ower in March 2013 also had a negative ef) Tj ET Q q 0 0 0 rg BT 508.42 514.10 Td (fect on our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (operating cash flows.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 478.10 Td (Cash Flows from Investing ) Tj ET Q q 0 0 0 rg BT 182.10 478.10 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td (Net cash from investing activitieswas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.96 454.10 Td ($425.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.85 454.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.29 454.10 Td ($1) Tj ET Q q 0 0 0 rg BT 310.92 454.10 Td (1.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.81 454.10 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.19 454.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.18 454.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.68 454.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.51 454.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.95 454.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.95 454.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 442.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 418.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.28 418.10 Td (April 2013, the Company contributed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.03 418.10 Td ($10.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.92 418.10 Td ( to our joint venture with ) Tj ET Q q 0 0 0 rg BT 386.95 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 395.59 418.10 Td (eingarten in order for the joint venture to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (retire a loan at one of its properties without a prepayment penalty) Tj ET Q q 0 0 0 rg BT 310.65 406.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 382.10 Td (In January 2013, we sold our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.59 382.10 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.92 382.10 Td ( interest in Distribution Park Rio, an indirectly-owned industrial property in Rio de ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Janeiro, Brazil, to an entity partially owned by an af) Tj ET Q q 0 0 0 rg BT 257.81 370.10 Td (filiate of Hines. ) Tj ET Q q 0 0 0 rg BT 322.61 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 331.25 370.10 Td (e acquired our interest in Distribution Park Rio in June ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (2007 for an initial investment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.64 358.10 Td ($28.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.53 358.10 Td (. ) Tj ET Q q 0 0 0 rg BT 242.85 358.10 Td (The net proceeds received for our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.00 358.10 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.33 358.10 Td ( interest in Distribution Park Rio was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td ($43.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.89 346.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 322.10 Td (In March 2013, we sold ) Tj ET Q q 0 0 0 rg BT 165.58 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 174.62 322.10 Td (illiams ) Tj ET Q q 0 0 0 rg BT 204.16 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 209.57 322.10 Td (ower for a net contract sales price of $412.0 million, which we acquired in May 2008 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (for a net contract purchase price of $271.5 million. ) Tj ET Q q 0 0 0 rg BT 258.08 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 266.72 310.10 Td (e received proceeds of $393.4 million before retiring a $165.0 million ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (mortgage loan in relation to this sale.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 274.10 Td (During the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.55 274.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.54 274.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.04 274.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.87 274.10 Td (, we received distributions from the Core Fund totaling ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.61 274.10 Td ($9.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.50 274.10 Td (, which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (were included in cash flows from operating activities, as they did not exceed our equity in earnings of the joint venture. During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.72 250.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.71 250.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.21 250.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.21 250.10 Td (, we received distributions from the Core Fund totaling ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.95 250.10 Td ($8.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.84 250.10 Td (, which was included in cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (flows from investing activities, as it exceeded our equity in earnings of the joint venture. During the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.90 238.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.89 238.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.39 238.10 Td (June30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 226.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.44 226.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.44 226.10 Td (, we had cash outflows related to investments in property of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.04 226.10 Td ($4.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.94 226.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.38 226.10 Td ($3.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.27 226.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 520.93 226.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (primarily as a result of capital expenditures at our properties.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 71.00 190.10 Td (Cash Flows from Financing ) Tj ET Q q 0 0 0 rg BT 190.11 190.10 Td (Activities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 71.00 166.10 Td (Distributions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 142.10 Td (In order to meet the requirements for being treated as a REIT) Tj ET Q q 0 0 0 rg BT 312.44 142.10 Td ( under the Internal Revenue Code of 1986, as amended, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (to pay regular cash distributions to our stockholders, which is one of our investment objectives, we have declared and expect to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (continue to declare distributions to stockholders \(as authorized by our board of directors\) as of daily record dates and aggregate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (and pay such distributions quarterly) Tj ET Q q 0 0 0 rg BT 192.66 106.10 Td (. ) Tj ET Q q 0 0 0 rg BT 197.48 106.10 Td (W) Tj ET Q q 0 0 0 rg BT 206.11 106.10 Td (e intend to continue this distribution policy for so long as our board of directors decides ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (this policy is in our best interests.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 77.04 70.10 Td (ith the authorization of our board of directors, we declared distributions in the amount of $0.00138082 per share, per day ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (through March 31, 2013, which represented an annual distribution rate of 6.6%, based on our estimated per share NA) Tj ET Q q 0 0 0 rg BT 518.02 58.10 Td (V) Tj ET Q q 0 0 0 rg BT 525.06 58.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td ($7.61, determined on November 29, 2012 \(assuming the distribution rates were maintained for a twelve-month period\). ) Tj ET Q q 0 0 0 rg BT 531.83 46.10 Td (As a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 67 0 obj <> endobj 68 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 (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (result of the estimated per share NA) Tj ET Q q 0 0 0 rg BT 193.11 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 200.15 742.10 Td ( determined on November 29, 2012, participants in our dividend reinvestment plan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (acquired shares at $7.61 per share beginning with distributions declared for the fourth quarter of 2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 77.04 706.10 Td (ith respect to the $0.00138082 per share, per day distributions declared for the periods ended March 31, 2012 through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (March 31, 2013, presented below) Tj ET Q q 0 0 0 rg BT 183.20 694.10 Td (, $0.00041425 of the per share, per day distributions were designated by us as special ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (distributions which represent a return of a portion of the stockholders) Tj ET Q q 0 0 0 rg BT 329.74 682.10 Td ( invested capital and, as such, reduced their remaining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (investment in us. ) Tj ET Q q 0 0 0 rg BT 120.37 670.10 Td (The special distributions were funded with a portion of the proceeds from sales of investment property) Tj ET Q q 0 0 0 rg BT 529.89 670.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 646.10 Td (On March 25, 2013, we declared a distribution of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.22 646.10 Td ($198.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.12 646.10 Td (, resulting in a distribution to stockholders of $0.80 per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (share that was paid during the three months ended June 30, 2013 to all stockholders of record as of ) Tj ET Q q 0 0 0 rg BT 447.12 634.10 Td (April 2, 2013. ) Tj ET Q q 0 0 0 rg BT 505.55 634.10 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (distribution was designated by us as a special distribution, which was a return of a portion of the stockholders) Tj ET Q q 0 0 0 rg BT 491.11 622.10 Td ( invested capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (and, as such, reduced their remaining investment in us. ) Tj ET Q q 0 0 0 rg BT 271.98 610.10 Td (The special distribution represents a portion of the proceeds from the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (sale of ) Tj ET Q q 0 0 0 rg BT 78.70 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 87.73 598.10 Td (illiams ) Tj ET Q q 0 0 0 rg BT 117.28 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 122.69 598.10 Td (ower and other strategic asset sales. ) Tj ET Q q 0 0 0 rg BT 267.73 598.10 Td (The special distribution was not subject to reinvestment pursuant to our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (dividend reinvestment plan and was paid in cash. See Executive Summary above for the impact of these special distributions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (on our estimated per share NA) Tj ET Q q 0 0 0 rg BT 171.17 574.10 Td (V) Tj ET Q q 0 0 0 rg BT 177.10 574.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 550.10 Td (Lastly) Tj ET Q q 0 0 0 rg BT 92.35 550.10 Td (, with the authorization of our board of directors, we have declared distributions for ) Tj ET Q q 0 0 0 rg BT 428.36 550.10 Td (April 2013 through ) Tj ET Q q 0 0 0 rg BT 507.52 550.10 Td (August 2013. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (These distributions will be calculated based on stockholders of record each day during this period in an amount equal to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td ($0.00073973) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.50 526.10 Td ( per share, per day and will be paid on the first day of the month following the fiscal quarter to which they relate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (in cash, or reinvested in stock for those participating in our dividend reinvestment plan. ) Tj ET Q q 0 0 0 rg BT 401.95 514.10 Td (This rate per share, per day) Tj ET Q q 0 0 0 rg BT 510.14 514.10 Td (, reflects a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (reduction from the $0.00138082 per share, per day rate that was declared between July 1, 2010 and March 31, 2013. ) Tj ET Q q 0 0 0 rg BT 517.73 502.10 Td (This rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (per share, per day represents an annual distribution rate of 4.0%, based on our new estimated per share NA) Tj ET Q q 0 0 0 rg BT 476.06 490.10 Td (V) Tj ET Q q 0 0 0 rg BT 483.11 490.10 Td ( of $6.75, assuming ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (such distribution rate is maintained for a twelve-month period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 454.10 Td (The table below outlines our total distributions declared to stockholders andnoncontrolling interests for each of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (quarters during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.32 442.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.32 442.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.75 442.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.75 442.10 Td (, including the breakout between the distributions paid in cash and those reinvested pursuant to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (our dividend reinvestment plan \(all amounts are in thousands\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 344.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 344.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 344.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 344.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 344.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 344.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 344.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 314.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 314.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 314.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 314.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 314.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 314.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 314.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 284.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 284.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 284.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 284.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 284.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 284.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 284.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 284.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 284.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 284.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 254.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 254.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 254.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 254.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 254.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 254.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 254.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 254.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 254.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 254.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 224.60 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 224.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 224.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 224.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 224.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 224.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 224.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 224.60 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 224.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 224.60 15.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 383.6 m 297.5 383.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 383.6 m 301.5 383.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 383.6 m 364.5 383.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 383.6 m 368.5 383.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 383.6 m 431.5 383.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 383.6 m 520.5 383.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 383.6 m 535.5 383.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 359.6 m 230.5 359.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 359.6 m 297.5 359.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 359.6 m 364.5 359.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 359.6 m 431.5 359.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 359.6 m 520.5 359.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 359.6 m 535.5 359.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 359.6 m 230.5 359.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 344.6 m 230.5 344.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 314.6 m 297.5 314.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 314.6 m 364.5 314.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 314.6 m 431.5 314.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 314.6 m 520.5 314.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 314.6 m 535.5 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 300.6 m 297.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 298.6 m 297.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 300.6 m 364.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 298.6 m 364.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 300.6 m 431.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 298.6 m 431.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 300.6 m 520.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 298.6 m 520.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 300.6 m 535.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 298.6 m 535.5 298.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 269.6 m 230.5 269.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 269.6 m 230.5 269.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 209.60000000000002 m 297.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 209.60000000000002 m 364.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 209.60000000000002 m 431.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 209.60000000000002 m 520.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 209.60000000000002 m 535.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 195.60000000000002 m 297.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 193.60000000000002 m 297.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 195.60000000000002 m 364.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 193.60000000000002 m 364.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 195.60000000000002 m 431.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 193.60000000000002 m 431.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 195.60000000000002 m 520.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 193.60000000000002 m 520.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 195.60000000000002 m 535.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 193.60000000000002 m 535.5 193.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 388.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 304.70 388.28 Td (Stockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.00 388.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.85 398.28 Td (Noncontrolling) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.45 388.28 Td (Interests) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 374.28 Td (Distributions for the Three Months) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 364.28 Td (Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 254.65 374.28 Td (Cash) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.40 364.28 Td (Distributions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 304.40 374.28 Td (Distributions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 309.15 364.28 Td (Reinvested) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.55 374.28 Td (Total) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.40 364.28 Td (Declared) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.00 364.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.75 364.28 Td (Total Declared) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 349.28 Td (2013 ) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 75.50 353.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 349.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 349.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 349.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.00 349.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 349.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 334.27 Td (June 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 334.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.15 334.27 Td (9,829) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 334.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 334.27 Td (5,913) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 334.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 334.27 Td (15,742) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 334.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 334.27 Td (960) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 319.27 Td (March 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 319.27 Td (214,893) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 319.27 Td (11,175) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.15 319.27 Td (226,068) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 319.27 Td (138) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 304.27 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 304.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 304.27 Td (224,722) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 304.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 304.27 Td (17,088) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 304.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.15 304.27 Td (241,810) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 434.00 308.07 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 304.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.15 304.27 Td (1,098) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 523.00 308.07 Td (\(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 274.28 Td (2012 ) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 75.50 278.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 274.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 274.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 274.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 274.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 259.27 Td (December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 259.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.15 259.27 Td (17,801) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 259.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 259.27 Td (11,631) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 259.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 259.27 Td (29,432) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 259.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 259.27 Td (140) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 244.27 Td (September 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.15 244.27 Td (17,513) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 244.27 Td (11,780) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 244.27 Td (29,293) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 244.27 Td (141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 229.27 Td (June 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.15 229.27 Td (17,054) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 229.27 Td (11,783) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 229.27 Td (28,837) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 229.27 Td (139) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 214.27 Td (March 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.15 214.27 Td (16,813) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 214.27 Td (11,888) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 214.27 Td (28,701) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 214.27 Td (139) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 199.27 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 199.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.15 199.27 Td (69,181) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 199.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 199.27 Td (47,082) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.00 199.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.15 199.27 Td (116,263) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 434.00 203.07 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 199.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 199.27 Td (559) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 523.70 204.43 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 171.10 Td (Excluded from this table are distributions declared with respect to HALP) Tj ET Q q 0 0 0 rg BT 377.77 171.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.72 171.10 Td (Associates Limited Partnership) Tj ET Q q 0 0 0 rg BT 507.47 171.10 Td (s profits ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 159.10 Td (interest in the Operating Partnership \(the Participation Interest\) \(as discussed further in Note 9 Related Party ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 147.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.76 147.10 Td (ransactions\). ) Tj ET Q q 0 0 0 rg BT 147.39 147.10 Td (The amount of distributions declared with respect to the Participation Interest for the quarters ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 135.10 Td (June 30, 2013 and March 31, 2013 were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.30 135.10 Td ($0.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.19 135.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.63 135.10 Td ($1) Tj ET Q q 0 0 0 rg BT 327.25 135.10 Td (1.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 135.10 Td ( \(including the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.97 135.10 Td ($10.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.86 135.10 Td ( special ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 123.10 Td (distribution declared in March 2013 which was included in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.27 123.10 Td ($226.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.16 123.10 Td ( amount declared at March 31, 2013 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 111.10 Td (above\), respectively) Tj ET Q q 0 0 0 rg BT 165.87 111.10 Td (. ) Tj ET Q q 0 0 0 rg BT 173.19 111.10 Td (The distributions declared with respect to the Participation Interest for the quarters ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 99.10 Td (December 31, 2012, September 30, 2012, June 30, 2012 and March 31, 2012 were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.14 99.10 Td ($1.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.04 99.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.04 99.10 Td ($1.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.93 99.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.93 99.10 Td ($1.3 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 87.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.89 87.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.33 87.10 Td ($1.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.22 87.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 235.88 87.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 69 0 obj <> endobj 70 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 (32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (As stated above, a portion of the total distributions declared were designated by us as special distributions and funded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (using proceeds from sales of investment property) Tj ET Q q 0 0 0 rg BT 282.52 730.10 Td (, which represents a return of a portion of our stockholders) Tj ET Q q 0 0 0 rg BT 519.76 730.10 Td ( invested ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (capital. For the six months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.75 718.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.58 718.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.58 718.10 Td ($206.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.48 718.10 Td ( of our distributions declared were designated as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (special distributions, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.27 706.10 Td ($198 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.66 706.10 Td ( of which related to the one-time ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.67 706.10 Td ($0.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.17 706.10 Td ( per share special distribution described ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (above. For the year ended December 31, 2012, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 694.10 Td ($35.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.04 694.10 Td ( of the total distributions declared to our stockholders ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (were paid using such sales proceeds.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 658.10 Td (For the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.11 658.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.10 658.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.60 658.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.43 658.10 Td (, we funded our cash distributions with distributions received from our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (unconsolidated investments and proceeds from the sales of our real estate investments.For the six months ended June 30, 2012 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (we funded our cash distributions with cash flows from operating activities, distributions received from our unconsolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (investments and proceeds from the sales of our real estate investments from prior periods.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 610.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 598.10 Td (Redemptions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 574.10 Td (During the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.55 574.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.54 574.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.04 574.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.87 574.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.31 574.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.31 574.10 Td (, we funded redemptions of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.50 574.10 Td ($5.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.39 574.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.83 574.10 Td ($6.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.72 574.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 562.10 Td (, pursuant to the terms of our share redemption program. On March 25, 2013, our board of directors amended and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (restated our share redemption program to reinstate the program, ef) Tj ET Q q 0 0 0 rg BT 315.27 550.10 Td (fective for share redemption requests received on or after ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (April 1, 2013, subject to the conditions and limitations described in the amended and restated share redemption program. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 88.77 526.10 Td (, funds available for redemption are limited to the amount of proceeds received from the Company) Tj ET Q q 0 0 0 rg BT 485.86 526.10 Td (s dividend ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (reinvestment plan in the prior quarter) Tj ET Q q 0 0 0 rg BT 198.56 514.10 Td (. However) Tj ET Q q 0 0 0 rg BT 242.31 514.10 Td (, the Board has the discretion to redeem shares in excess of this amount if it ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (determines there are suf) Tj ET Q q 0 0 0 rg BT 145.61 502.10 Td (ficient available funds and it is appropriate to do so as long as the total amount redeemed does not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (exceed the amount required to redeem 10% of the Company) Tj ET Q q 0 0 0 rg BT 293.53 490.10 Td (s shares outstanding as of the same date in the prior calendar year) Tj ET Q q 0 0 0 rg BT 555.10 490.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (The Board determined to waive the limitation on the share redemption plan and fully honor all redemption requests received for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (the quarter ended June 30, 2013, which were in excess of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.03 466.10 Td ($1) Tj ET Q q 0 0 0 rg BT 305.66 466.10 Td (1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.55 466.10 Td ( received from the dividend reinvestment plan in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (prior quarter) Tj ET Q q 0 0 0 rg BT 99.70 454.10 Td (. Please see Part II, Item 7. Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 334.79 454.10 Td (Analysis of Results of Operations and Financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Condition Subsequent Events in our 2012 ) Tj ET Q q 0 0 0 rg BT 231.39 442.10 Td (Annual Report for a description of the amended and restated share redemption ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (program.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 406.10 Td (Beginning with share redemption requests received on or after ) Tj ET Q q 0 0 0 rg BT 319.31 406.10 Td (April 1, 2013, our share redemption price will be $5.75 per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (share, which is 85% of our revised estimated per share NA) Tj ET Q q 0 0 0 rg BT 283.92 394.10 Td (V) Tj ET Q q 0 0 0 rg BT 289.85 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 294.67 394.10 Td (The redemption price was determined by our board of directors in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (its sole discretion. ) Tj ET Q q 0 0 0 rg BT 124.81 382.10 Td (This new share redemption price will apply to ordinary share redemption requests received on or after ) Tj ET Q q 0 0 0 rg BT 534.67 382.10 Td (April ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (1, 2013, which, if redeemed, will be redeemed in July 2013. Shares redeemed in ) Tj ET Q q 0 0 0 rg BT 372.96 370.10 Td (April 2013 pursuant to eligible redemption ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (requests in connection with the death or disability of a stockholder that were received prior to ) Tj ET Q q 0 0 0 rg BT 426.00 358.10 Td (April 1, 2013 were redeemed at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (the former redemption price of $7.61 per share. ) Tj ET Q q 0 0 0 rg BT 244.10 346.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 294.00 346.10 Td (, any shares that are redeemed pursuant to eligible redemption ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (requests in connection with the death or disability of a stockholder that are received on or after ) Tj ET Q q 0 0 0 rg BT 430.70 334.10 Td (April 1, 2013, will be redeemed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (at the new estimated per share NA) Tj ET Q q 0 0 0 rg BT 186.44 322.10 Td (V) Tj ET Q q 0 0 0 rg BT 193.48 322.10 Td ( of $6.75. In connection with the reopening of our share redemption program, we have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (recorded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.48 310.10 Td ($26.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.37 310.10 Td ( in accounts payable and accrued expenses as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.01 310.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.84 310.10 Td ( related to shares tendered for redemption ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (and approved for redemption by the board of directors, but which were redeemed on July 1, 2013.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 274.10 Td (Debt Financings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 250.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.64 250.10 Td (e use debt financing from time to time for property improvements, tenant improvements, leasing commissions and other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (working capital needs. Most of our debt is in the form of secured mortgage loans, which we entered into at the time each real ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (estate asset was acquired.) Tj ET Q q 0 0 0 rg BT 156.63 226.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.07 226.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.90 226.10 Td (, our portfolio was approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.54 226.10 Td (49%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.87 226.10 Td ( leveraged compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.93 226.10 Td (49%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.26 226.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 214.10 Td (.) Tj ET Q q 0 0 0 rg BT 135.90 214.10 Td (This leverage percentage is calculated using the estimated aggregate value of our real estate investments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (\(including our pro-rata share of real estate assets through our investments in other entities such as the Core Fund\), cash and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (cash equivalents and restricted cash on hand as of that date.) Tj ET Q q 0 0 0 rg BT 292.42 190.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 342.32 190.10 Td (, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.98 190.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.81 190.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.25 190.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.83 190.10 Td (, our debt ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (financing had a weighted average interest rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.13 178.10 Td (4.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.96 178.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.40 178.10 Td (5.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.23 178.10 Td (, respectively \(including the ef) Tj ET Q q 0 0 0 rg BT 429.95 178.10 Td (fect of interest rate swaps\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 154.10 Td (During the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.55 154.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.54 154.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.04 154.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.87 154.10 Td (, we made payments of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.84 154.10 Td ($570.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.73 154.10 Td ( related to our loans secured by One ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 59.04 142.10 Td (ilshire, ) Tj ET Q q 0 0 0 rg BT 88.85 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.89 142.10 Td (illiams ) Tj ET Q q 0 0 0 rg BT 127.43 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 132.84 142.10 Td (ower) Tj ET Q q 0 0 0 rg BT 152.43 142.10 Td (, JPMor) Tj ET Q q 0 0 0 rg BT 183.93 142.10 Td (gan Chase ) Tj ET Q q 0 0 0 rg BT 227.62 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 233.03 142.10 Td (ower/Minneapolis Of) Tj ET Q q 0 0 0 rg BT 318.67 142.10 Td (fice Flex Portfolio and 2555 Grand and received proceeds of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td ($360.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.89 130.10 Td ( related to the refinancing of the One ) Tj ET Q q 0 0 0 rg BT 258.65 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 267.69 130.10 Td (ilshire and JPMor) Tj ET Q q 0 0 0 rg BT 338.61 130.10 Td (gan Chase ) Tj ET Q q 0 0 0 rg BT 382.31 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 387.72 130.10 Td (ower secured mortgages and the $86.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (million bridge loan from JPMor) Tj ET Q q 0 0 0 rg BT 177.59 118.10 Td (gan Chase.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 94.10 Td (During the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.55 94.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.54 94.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.04 94.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.87 94.10 Td (, we made payments of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.84 94.10 Td ($32.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.73 94.10 Td ( related to borrowings under our revolving ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (credit facility with KeyBank. Our revolving credit facility with KeyBank expired in February 2013 and we elected not to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (renew or replace the facility) Tj ET Q q 0 0 0 rg BT 161.51 70.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 46.10 Td (During the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.55 46.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.54 46.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.04 46.10 Td (June30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.87 46.10 Td (, we had no payments or proceeds related to our debt portfolio. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 71 0 obj <> endobj 72 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 (33) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 731.25 Td (Results of Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 719.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 707.25 Td (RESUL) Tj ET Q q 0 0 0 rg BT 100.43 707.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 128.67 707.25 Td ( OUR DIRECTL) Tj ET Q q 0 0 0 rg BT 200.54 707.25 Td (Y) Tj ET Q q 0 0 0 rg BT 206.85 707.25 Td (-OWNED PROPER) Tj ET Q q 0 0 0 rg BT 292.33 707.25 Td (TIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 683.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.64 683.25 Td (e directly owned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.78 683.25 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.78 683.25 Td ( properties that were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.19 683.25 Td (84%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.52 683.25 Td ( leased as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.16 683.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.99 683.25 Td ( compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.70 683.25 Td (21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.70 683.25 Td ( properties that were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.10 683.25 Td (86%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.43 683.25 Td ( leased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 671.25 Td (as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.66 671.25 Td (June30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.49 671.25 Td (. ) Tj ET Q q 0 0 0 rg BT 132.31 671.25 Td (The table below includes revenues and expenses of our directly-owned properties for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.68 671.25 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.78 671.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 659.25 Td (months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.33 659.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.16 659.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.59 659.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.59 659.25 Td (. See Discontinued Operations below for additional information regarding our property ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 647.25 Td (dispositions. ) Tj ET Q q 0 0 0 rg BT 102.24 647.25 Td (All amounts in thousands, except for percentages:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 584.75 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 584.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 584.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 584.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 584.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 584.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 584.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 584.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 554.75 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 554.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 554.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 554.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 554.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 523.75 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 523.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 523.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 523.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 523.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 493.75 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 493.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 493.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 493.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 493.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 493.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 493.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 493.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 463.75 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 463.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 463.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 463.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 463.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 463.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 463.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 463.75 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 599.75 m 351.5 599.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 599.75 m 355.5 599.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 599.75 m 421.5 599.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 599.75 m 491.5 599.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 599.75 m 495.5 599.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 599.75 m 561.5 599.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 584.75 m 351.5 584.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 584.75 m 421.5 584.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 599.75 m 491.5 599.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 584.75 m 491.5 584.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 599.75 m 495.5 599.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 599.75 m 561.5 599.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 584.75 m 561.5 584.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 584.75 m 351.5 584.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 584.75 m 421.5 584.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 584.75 m 491.5 584.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 584.75 m 561.5 584.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 554.75 m 351.5 554.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 554.75 m 421.5 554.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 554.75 m 491.5 554.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 554.75 m 561.5 554.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 554.75 m 351.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 540.75 m 351.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 538.75 m 351.5 538.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 554.75 m 421.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 540.75 m 421.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 538.75 m 421.5 538.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 554.75 m 491.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 540.75 m 491.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 538.75 m 491.5 538.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 554.75 m 561.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 540.75 m 561.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 538.75 m 561.5 538.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 604.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 288.00 604.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 304.49 604.43 Td (ee Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.60 604.43 Td (Change) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 589.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.00 589.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 378.00 589.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.50 589.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.00 589.43 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 574.42 Td (Property revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 574.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.15 574.42 Td (56,359) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 574.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 574.42 Td (57,145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.00 574.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.30 574.47 Td (\(786) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 574.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.45 574.42 Td (\(1.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.30 574.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 559.42 Td (Less: Property expenses ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 151.15 563.95 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.15 559.42 Td (26,375) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 559.42 Td (24,622) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 559.42 Td (1,753) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.80 559.42 Td (7.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 559.42 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 544.43 Td (Total property revenues in excess of expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 544.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.15 544.42 Td (29,984) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 544.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 544.42 Td (32,523) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.00 544.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.80 544.47 Td (\(2,539) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 544.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.45 544.42 Td (\(7.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.30 544.42 Td (\)%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 528.43 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 528.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 528.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 513.42 Td (Depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 513.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.15 513.42 Td (15,482) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 513.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 513.42 Td (17,811) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.00 513.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.80 513.47 Td (\(2,329) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 513.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.45 513.42 Td (\(13.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.30 513.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 498.42 Td (Impairment loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 498.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.15 498.42 Td (3,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 498.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 498.42 Td (46,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.00 498.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.80 498.47 Td (\(42,102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 498.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.45 498.42 Td (\(91.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.30 498.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 483.42 Td (Interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 483.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.15 483.42 Td (14,088) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 483.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 483.42 Td (17,129) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.00 483.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.80 483.47 Td (\(3,041) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 483.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.45 483.42 Td (\(17.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.30 483.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 468.42 Td (Interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 468.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.65 468.42 Td (197) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 468.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.65 468.42 Td (178) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.00 468.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.65 468.42 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.80 468.42 Td (10.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 468.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 453.42 Td (Income tax expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 453.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.65 453.42 Td (71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 453.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.65 453.42 Td (120) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.00 453.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.30 453.47 Td (\(49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 453.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.45 453.42 Td (\(40.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.30 453.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 386.75 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 386.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 386.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 386.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 386.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 356.75 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 356.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 356.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 356.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 356.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 326.75 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 326.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 326.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 326.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 326.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 296.75 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 296.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 296.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 296.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 296.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 266.75 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 266.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 266.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 266.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 266.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 266.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 266.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 266.75 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 401.75 m 352.5 401.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 401.75 m 356.5 401.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 401.75 m 422.5 401.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 401.75 m 492.5 401.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 401.75 m 496.5 401.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 401.75 m 562.5 401.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 386.75 m 352.5 386.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 386.75 m 422.5 386.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 386.75 m 492.5 386.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 386.75 m 562.5 386.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 386.75 m 352.5 386.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 386.75 m 562.5 386.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 356.75 m 352.5 356.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 356.75 m 422.5 356.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 356.75 m 492.5 356.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 356.75 m 562.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 342.75 m 352.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 340.75 m 352.5 340.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 356.75 m 422.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 342.75 m 422.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 340.75 m 422.5 340.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 356.75 m 492.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 342.75 m 492.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 340.75 m 492.5 340.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 356.75 m 562.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 342.75 m 562.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 340.75 m 562.5 340.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 406.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 295.50 406.43 Td (Six Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.60 406.43 Td (Change) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 391.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 309.00 391.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.00 391.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 456.50 391.43 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.00 391.43 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 376.42 Td (Property revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 376.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.15 376.42 Td (112,829) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.00 376.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.15 376.42 Td (115,325) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 376.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.80 376.47 Td (\(2,496) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 376.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.45 376.42 Td (\(2.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 376.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 361.42 Td (Less: Property expenses ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 152.15 365.95 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.15 361.42 Td (52,365) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.15 361.42 Td (49,263) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 361.42 Td (3,102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.80 361.42 Td (6.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 361.42 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 346.43 Td (Total property revenues in excess of expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 346.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.15 346.42 Td (60,464) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.00 346.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.15 346.42 Td (66,062) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 346.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.80 346.47 Td (\(5,598) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 346.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.45 346.42 Td (\(8.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 346.42 Td (\)%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 331.43 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 331.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.00 331.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 316.42 Td (Depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 316.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.15 316.42 Td (31,722) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.00 316.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.15 316.42 Td (35,679) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 316.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.80 316.47 Td (\(3,957) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 316.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.45 316.42 Td (\(11.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 316.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 301.42 Td (Impairment loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 301.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.15 301.42 Td (3,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.00 301.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.15 301.42 Td (46,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 301.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.80 301.47 Td (\(42,102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 301.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.45 301.42 Td (\(91.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 301.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 286.42 Td (Interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 286.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.15 286.42 Td (30,808) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.00 286.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.15 286.42 Td (34,267) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 286.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.80 286.47 Td (\(3,459) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 286.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.45 286.42 Td (\(10.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 286.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 271.42 Td (Interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 271.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.65 271.42 Td (383) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.00 271.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.65 271.42 Td (351) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 271.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 271.42 Td (32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.80 271.42 Td (9.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 271.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 256.42 Td (Income tax expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.00 256.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.65 256.42 Td (138) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.00 256.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.65 256.42 Td (189) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 256.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.30 256.47 Td (\(51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 256.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.45 256.42 Td (\(27.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 256.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 240.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 228.25 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 228.25 Td (Property expenses include property operating expenses, real property taxes and property management fees.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 204.25 Td (The decrease in property revenues for the three and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.95 204.25 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.95 204.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.45 204.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.28 204.25 Td ( is primarily due to the expiration of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 192.25 Td (the lease with a major tenant in June 2012 at 5th and Bell. ) Tj ET Q q 0 0 0 rg BT 286.33 192.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.78 192.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.61 192.25 Td (, 5th and Bell was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.04 192.25 Td (49%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.37 192.25 Td ( leased compared to 99% ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 180.25 Td (leased as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.15 180.25 Td (June30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.98 180.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 156.25 Td (The increase in property expenses for the three and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.86 156.25 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.85 156.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.35 156.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.18 156.25 Td ( is primarily due to increased property ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 144.25 Td (taxes in the current year for one of our directly-owned properties.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 120.25 Td (Depreciation and amortization decreased during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.36 120.25 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.45 120.25 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.27 120.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.10 120.25 Td ( as compared to the same ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 108.25 Td (periods in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.22 108.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.22 108.25 Td ( due to fully amortized in-place lease intangibles. Interest expense decreased during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.30 108.25 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.40 108.25 Td ( months ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 96.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.38 96.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.21 96.25 Td ( as compared to the same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.83 96.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.83 96.25 Td ( as a result of lower interest rates obtained through the above-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 84.25 Td (mentioned debt refinancings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 60.25 Td (During the second quarter of 2013, we determined that our directly-owned investment property located in El Segundo, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 48.25 Td (California was impaired as a result of the contract sales price of the investment being less than its carrying value. ) Tj ET Q q 0 0 0 rg BT 506.52 48.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 556.43 48.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 73 0 obj <> endobj 74 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 (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (we determined that our directly-owned investment property located in Minneapolis, Minnesota was impaired as a result of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (projected undiscounted cash flows for the property being less than its carrying value. ) Tj ET Q q 0 0 0 rg BT 394.07 730.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 443.41 730.10 Td (, we recorded an impairment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 718.10 Td (ge of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.79 718.10 Td ($4.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.69 718.10 Td ( to write these assets down to fair value for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.80 718.10 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.89 718.10 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.72 718.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.55 718.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 694.10 Td (During the second quarter of 2012, we determined that two of our directly-owned investment properties located in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Melville, New ) Tj ET Q q 0 0 0 rg BT 109.89 682.10 Td (Y) Tj ET Q q 0 0 0 rg BT 116.11 682.10 Td (ork and Seattle, ) Tj ET Q q 0 0 0 rg BT 180.91 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 189.55 682.10 Td (ashington, respectively) Tj ET Q q 0 0 0 rg BT 281.10 682.10 Td (, were impaired, as a result of the net book value being less than the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (projected cash flows of these properties. ) Tj ET Q q 0 0 0 rg BT 213.00 670.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 262.34 670.10 Td (, we recorded an impairment char) Tj ET Q q 0 0 0 rg BT 396.54 670.10 Td (ge of $46.1 million to write these assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (down to fair value. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 634.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 117.90 634.10 Td (, we are continually evaluating each of our investments to determine the ideal time to sell assets in order to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (achieve attractive total returns and provide additional liquidity to the Company) Tj ET Q q 0 0 0 rg BT 365.37 622.10 Td (.) Tj ET Q q 0 0 0 rg BT 372.32 622.10 Td (As a result of future potential disposals and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (other factors, our results of operations for the period ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.98 610.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.81 610.10 Td ( could dif) Tj ET Q q 0 0 0 rg BT 381.95 610.10 Td (fer from our results of operations in future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (periods.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 574.10 Td (Discontinued Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 550.10 Td (In March 2013, we sold ) Tj ET Q q 0 0 0 rg BT 165.58 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 174.62 550.10 Td (illiams ) Tj ET Q q 0 0 0 rg BT 204.16 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 209.57 550.10 Td (ower) Tj ET Q q 0 0 0 rg BT 229.16 550.10 Td (, an of) Tj ET Q q 0 0 0 rg BT 254.25 550.10 Td (fice building with an adjacent parking garage located in the Galleria/W) Tj ET Q q 0 0 0 rg BT 537.77 550.10 Td (est ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Loop submarket of Houston, ) Tj ET Q q 0 0 0 rg BT 167.30 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 172.71 538.10 Td (exas, which we acquired in May 2008 for a net contract purchase price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.98 538.10 Td ($271.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.88 538.10 Td (.) Tj ET Q q 0 0 0 rg BT 535.20 538.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (net contract sales price was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.89 526.10 Td ($412.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.79 526.10 Td (. In June 201) Tj ET Q q 0 0 0 rg BT 274.58 526.10 Td (1, we sold ) Tj ET Q q 0 0 0 rg BT 317.35 526.10 Td (Atrium on Bay) Tj ET Q q 0 0 0 rg BT 376.70 526.10 Td (, a mixed-use of) Tj ET Q q 0 0 0 rg BT 440.94 526.10 Td (fice and retail complex ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (located in the Downtown North submarket of the central business district of ) Tj ET Q q 0 0 0 rg BT 355.86 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 361.27 514.10 Td (oronto, Canada, which we acquired in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.66 514.10 Td (February ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 502.10 Td ( for a net contract purchase price of 250.0 million CAD \($215.5 million USD based on the exchange rate in ef) Tj ET Q q 0 0 0 rg BT 509.69 502.10 Td (fect on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (transaction date\).) Tj ET Q q 0 0 0 rg BT 121.18 490.10 Td (The sales price for ) Tj ET Q q 0 0 0 rg BT 197.26 490.10 Td (Atrium on Bay was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.80 490.10 Td (344.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.69 490.10 Td ( CAD \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.14 490.10 Td ($353 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.53 490.10 Td ( USD, based on the exchange rate in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 478.10 Td (fect on the date of sale\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td (The results of operations of ) Tj ET Q q 0 0 0 rg BT 180.29 454.10 Td (W) Tj ET Q q 0 0 0 rg BT 189.33 454.10 Td (illiams ) Tj ET Q q 0 0 0 rg BT 218.87 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 224.28 454.10 Td (ower and ) Tj ET Q q 0 0 0 rg BT 263.16 454.10 Td (Atrium on Bay and the gain realized on the disposition of these properties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 350.60 258.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 350.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 350.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 350.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 350.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 350.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 350.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 350.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 320.60 258.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 320.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 320.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 320.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 320.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 320.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 290.60 258.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 290.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 290.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 290.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 290.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 290.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 290.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 290.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 260.60 258.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 260.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 260.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 260.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 260.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 260.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 260.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 230.60 258.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 230.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 230.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 230.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 230.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 230.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 230.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 230.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 190.60 258.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 190.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 190.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 190.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 190.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 190.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 190.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 190.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 160.60 258.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 160.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 160.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 160.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 160.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 160.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 160.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 160.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 120.60 258.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 120.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 120.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 120.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 120.60 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 120.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 120.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 120.60 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 380.6 m 362.5 380.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 380.6 m 420.5 380.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 380.6 m 487.5 380.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 380.6 m 545.5 380.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 320.6 m 362.5 320.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 320.6 m 420.5 320.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 320.6 m 487.5 320.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 320.6 m 545.5 320.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 230.60000000000002 m 362.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 230.60000000000002 m 420.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 230.60000000000002 m 487.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 230.60000000000002 m 545.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 215.60000000000002 m 362.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 215.60000000000002 m 420.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 215.60000000000002 m 487.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 215.60000000000002 m 545.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 145.60000000000002 m 362.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 145.60000000000002 m 420.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 145.60000000000002 m 487.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 145.60000000000002 m 545.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 105.60000000000002 m 362.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 105.60000000000002 m 420.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 105.60000000000002 m 487.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 105.60000000000002 m 545.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 91.60000000000002 m 362.5 91.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 89.60000000000002 m 362.5 89.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 91.60000000000002 m 420.5 91.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 89.60000000000002 m 420.5 89.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 91.60000000000002 m 487.5 91.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 89.60000000000002 m 487.5 89.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 91.60000000000002 m 545.5 91.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 89.60000000000002 m 545.5 89.60000000000002 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 179.00 400.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 318.50 410.28 Td (Three Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 346.20 400.28 Td (June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 438.00 410.28 Td (Six Months Ended June) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 482.75 400.28 Td (30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 385.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 325.00 385.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.00 385.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.00 385.28 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.00 385.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 490.00 385.28 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 508.00 385.28 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 370.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 395.50 370.28 Td (\(In thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 355.28 Td (Revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.00 355.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 355.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 355.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 355.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 355.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.00 355.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 340.27 Td (Rental revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.00 340.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.65 340.27 Td (272) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 340.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 340.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 340.27 Td (10,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 340.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 340.27 Td (8,273) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 340.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.00 340.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.15 340.27 Td (20,210) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 325.27 Td (Other revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.65 325.27 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 325.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 325.27 Td (572) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.65 325.27 Td (408) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 325.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 325.27 Td (1,066) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 310.27 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.65 310.27 Td (289) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 310.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 310.27 Td (10,630) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 310.27 Td (8,681) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 310.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.15 310.27 Td (21,276) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 295.28 Td (Expenses:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 295.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 295.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 280.27 Td (Property operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.65 280.27 Td (82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 280.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 280.27 Td (3,449) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 280.27 Td (2,465) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 280.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 280.27 Td (6,543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 265.27 Td (Real property taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.65 265.27 Td (344) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 265.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 265.27 Td (1,571) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 265.27 Td (1,468) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 265.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 265.27 Td (3,173) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 250.27 Td (Property management fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 250.27 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 250.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 250.27 Td (255) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.65 250.27 Td (209) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 250.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.65 250.27 Td (497) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 235.27 Td (Depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.65 235.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 235.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 235.27 Td (2,608) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 235.27 Td (1,595) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 235.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 235.27 Td (5,242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 220.27 Td (Total expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.65 220.27 Td (434) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 220.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 220.27 Td (7,883) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 220.27 Td (5,737) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 220.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.15 220.27 Td (15,455) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 205.27 Td (Income from discontinued operations before interest income ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 195.27 Td (\(expense\), taxes and gain \(loss\) on sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.30 195.32 Td (\(145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 195.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 195.27 Td (2,747) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 195.27 Td (2,944) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 195.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 195.27 Td (5,821) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 180.27 Td (Interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.65 180.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 180.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.80 180.32 Td (\(2,307) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 180.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.80 180.32 Td (\(1,538) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 180.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 180.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.80 180.32 Td (\(4,614) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 180.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 165.27 Td (Interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.65 165.27 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 165.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 165.27 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 165.27 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 165.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 165.27 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 150.27 Td (Benefit \(provision\) for income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.65 150.27 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.30 150.32 Td (\(81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 150.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.30 150.32 Td (\(38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 150.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.30 150.32 Td (\(192) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 150.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 135.27 Td (Income \(loss\) from discontinued operations before gain \(loss\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 125.27 Td (on sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.30 125.32 Td (\(122) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 125.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 125.27 Td (363) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 125.27 Td (1,383) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 125.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 125.27 Td (1,035) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 110.27 Td (Gain \(loss\) on sale of discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.65 110.27 Td (137) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 110.27 Td (690) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 423.00 115.52 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.15 110.27 Td (144,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 110.27 Td (2,566) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 548.00 115.52 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 95.27 Td (Income \(loss\) from discontinued operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.00 95.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.65 95.27 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.00 95.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 95.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 95.27 Td (1,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.00 95.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.15 95.27 Td (145,477) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 95.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.00 95.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 95.27 Td (3,601) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 67.10 Td (The additional gain \(loss\) on sale of properties recorded in 2012 is primarily related to the settlement of reserves that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 55.10 Td (were established during the closing of the sale of ) Tj ET Q q 0 0 0 rg BT 283.45 55.10 Td (Atrium on Bay in June 201) Tj ET Q q 0 0 0 rg BT 391.68 55.10 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 75 0 obj <> endobj 76 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 (35) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 730.10 Td (RESUL) Tj ET Q q 0 0 0 rg BT 100.43 730.10 Td (TS FOR OUR INDIRECTL) Tj ET Q q 0 0 0 rg BT 219.25 730.10 Td (Y) Tj ET Q q 0 0 0 rg BT 225.55 730.10 Td (-OWNED PROPER) Tj ET Q q 0 0 0 rg BT 311.03 730.10 Td (TIES) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 706.10 Td (Our Interest in the Core Fund) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 682.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.44 682.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.27 682.10 Td (, we owned a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.53 682.10 Td (27.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.36 682.10 Td (non-managing general partner interest in the Core Fund, which held interests in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.00 670.10 Td ( properties that were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.41 670.10 Td (85%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.74 670.10 Td ( leased. ) Tj ET Q q 0 0 0 rg BT 194.67 670.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.12 670.10 Td (June30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.95 670.10 Td (, we owned a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.21 670.10 Td (27.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.04 670.10 Td ( non-managing general partner interest in the Core ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Fund, which held interests in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.32 658.10 Td (23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.32 658.10 Td ( properties that were) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.73 658.10 Td (88%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.06 658.10 Td ( leased.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 634.10 Td (Our equity in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.83 634.10 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.70 634.10 Td ( related to our investment in the Core Fund for the three months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.08 634.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.91 634.10 Td ( was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.46 634.10 Td ($78.6 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 622.10 Td (, compared to equity in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.87 622.10 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.74 622.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.07 622.10 Td ($0.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.97 622.10 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.34 622.10 Td (three months ended June 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.98 622.10 Td (. Our equity in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.31 622.10 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.19 622.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (related to our investment in the Core Fund for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.06 610.10 Td (six months ended June 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.39 610.10 Td ( was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.94 610.10 Td ($81.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.83 610.10 Td (, compared to equity in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.89 598.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.22 598.10 Td ($1.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.11 598.10 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.49 598.10 Td (six months ended June 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.82 598.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 574.10 Td (The change in our equity in earnings \(losses\) for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.05 574.10 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.14 574.10 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.97 574.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.80 574.10 Td ( primarily resulted from our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (portion \($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.72 562.10 Td (79.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.61 562.10 Td (\) of a $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.21 562.10 Td (291.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.10 562.10 Td ( gain on the sale of the New ) Tj ET Q q 0 0 0 rg BT 335.14 562.10 Td (Y) Tj ET Q q 0 0 0 rg BT 341.36 562.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 357.01 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 362.76 562.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 379.71 562.10 Td (Assets. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 538.10 Td (Our Interest in Distribution Park Rio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 514.10 Td (In January 2013, we sold our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.59 514.10 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.92 514.10 Td ( interest in Distribution Park Rio, an indirectly-owned industrial property in Rio de ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Janeiro, Brazil, through the buy/sell right in the joint venture agreement, to an entity partially owned by an af) Tj ET Q q 0 0 0 rg BT 489.14 502.10 Td (filiate of Hines. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 490.10 Td (e acquired our interest in Distribution Park Rio in June 2007 for an initial investment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.90 490.10 Td ($28.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.80 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 473.12 490.10 Td (The net proceeds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (received for our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.35 478.10 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.68 478.10 Td ( interest in Distribution Park Rio was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.06 478.10 Td ($43.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.95 478.10 Td ( and we recognized a gain on sale of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.94 478.10 Td ($16.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.84 478.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td (CORPORA) Tj ET Q q 0 0 0 rg BT 117.81 454.10 Td (TE LEVEL) Tj ET Q q 0 0 0 rg BT 167.00 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.95 454.10 Td (ACTIVITIES) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 430.10 Td (Other Corporate-level ) Tj ET Q q 0 0 0 rg BT 160.39 430.10 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 406.10 Td (The tables below provide detail relating to our asset management fees and general and administrative expenses.) Tj ET Q q 0 0 0 rg BT 518.40 406.10 Td (All ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (amounts in thousands, except percentages:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 342.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 342.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 342.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 342.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 342.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 268.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 268.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 268.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 268.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 268.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 268.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 268.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 268.60 67.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 357.6 m 349.5 357.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 357.6 m 353.5 357.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 357.6 m 420.5 357.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 357.6 m 491.5 357.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 357.6 m 495.5 357.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 357.6 m 562.5 357.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 342.6 m 349.5 342.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 342.6 m 420.5 342.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 342.6 m 491.5 342.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 342.6 m 562.5 342.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 283.6 m 349.5 283.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 283.6 m 353.5 283.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 283.6 m 420.5 283.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 283.6 m 491.5 283.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 283.6 m 495.5 283.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 283.6 m 562.5 283.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 283.6 m 349.5 283.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 268.6 m 349.5 268.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 283.6 m 420.5 283.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 268.6 m 420.5 268.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 268.6 m 491.5 268.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 268.6 m 562.5 268.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 286.45 362.28 Td (Three Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.60 362.28 Td (Change) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 305.50 347.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.50 347.28 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.00 347.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.50 347.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 332.27 Td (Asset management fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 332.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 332.27 Td (8,262) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 332.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 332.27 Td (7,821) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 332.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 332.27 Td (441) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.80 332.27 Td (5.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 332.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 317.27 Td (General and administrative expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 317.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 317.27 Td (1,909) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 317.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 317.27 Td (2,125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 317.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.30 317.32 Td (\(216) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 317.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.45 317.27 Td (\(10.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 317.27 Td (\)%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 292.50 288.28 Td (Six Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.60 288.28 Td (Change) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 305.50 273.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.50 273.28 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.00 273.28 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.50 273.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 258.27 Td (Asset management fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 258.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 258.27 Td (16,720) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 258.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 258.27 Td (15,564) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 258.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 258.27 Td (1,156) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.80 258.27 Td (7.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 258.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 243.27 Td (General and administrative expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 243.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 243.27 Td (3,576) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 243.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 243.27 Td (3,608) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 243.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.30 243.32 Td (\(32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.65 243.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.45 243.27 Td (\(0.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 243.27 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 215.10 Td (For the period from July 1, 201) Tj ET Q q 0 0 0 rg BT 192.89 215.10 Td (1 through December 31, 2012, our ) Tj ET Q q 0 0 0 rg BT 332.86 215.10 Td (Advisor agreed to waive a portion of its monthly cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (asset management fee, such that the fee was reduced from 0.0625% to 0.0417% \(0.75% to 0.50% on an annual basis\) of the net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (equity capital we had invested in real estate investments as of the end of each month.) Tj ET Q q 0 0 0 rg BT 394.34 191.10 Td (As a result of the waiver of these fees, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (cash flow from operations that would have been paid to the ) Tj ET Q q 0 0 0 rg BT 289.10 179.10 Td (Advisor was available to pay distributions to stockholders.) Tj ET Q q 0 0 0 rg BT 528.33 179.10 Td (This fee ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (waiver was not a deferral and accordingly) Tj ET Q q 0 0 0 rg BT 217.05 167.10 Td (, these fees will not be paid to the ) Tj ET Q q 0 0 0 rg BT 353.13 167.10 Td (Advisor in cash at any time in the future. ) Tj ET Q q 0 0 0 rg BT 521.52 167.10 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (waiver expired on December 31, 2012, and, as a result, the full amount of the fee was incurred beginning in January 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 131.10 Td (General and administrative expenses include legal and accounting fees, insurance costs, costs and expenses associated with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (our board of directors and other administrative expenses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td () Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 95.10 Td (Funds from Operations and) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 183.31 95.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 185.81 95.10 Td (Modified Funds from Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 71.10 Td (Funds from Operations \(FFO\) is a non-GAAP) Tj ET Q q 0 0 0 rg BT 260.94 71.10 Td ( financial performance measure defined by the National ) Tj ET Q q 0 0 0 rg BT 485.85 71.10 Td (Association of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (Real Estate Investment ) Tj ET Q q 0 0 0 rg BT 144.51 59.10 Td (T) Tj ET Q q 0 0 0 rg BT 150.27 59.10 Td (rusts \(NAREIT\) widely recognized by investors and analysts as one measure of operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (performance of a real estate company) Tj ET Q q 0 0 0 rg BT 199.55 47.10 Td (.FFO excludes items such as real estate depreciation and amortization and impairment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 77 0 obj <> endobj 78 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 (36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (depreciable real estate. Depreciation and amortization, as applied in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 417.34 742.10 Td (, implicitly assumes that the value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of real estate assets diminishes predictably over time.Since real estate values have historically risen or fallen with market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (conditions, it is management) Tj ET Q q 0 0 0 rg BT 167.76 718.10 Td (s view) Tj ET Q q 0 0 0 rg BT 192.94 718.10 Td (, and we believe the view of many industry investors and analysts, that the presentation of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (operating results for real estate companies by using the historical cost accounting alone is insuf) Tj ET Q q 0 0 0 rg BT 430.27 706.10 Td (ficient.) Tj ET Q q 0 0 0 rg BT 463.13 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 471.77 706.10 Td (e believe it is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (appropriate to exclude gains and losses from the sale of real estate and impairment char) Tj ET Q q 0 0 0 rg BT 399.69 694.10 Td (ges of depreciable real estate assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (from FFO even though the impairment char) Tj ET Q q 0 0 0 rg BT 224.78 682.10 Td (ge may represent a permanent decline in value due to decreased operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (performance of the applicable property) Tj ET Q q 0 0 0 rg BT 205.39 670.10 Td (, because we believe the exclusion of these items provides management and investors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (with a helpful additional measure of the historical performance of our real estate portfolio, as it allows for comparisons, year to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (year) Tj ET Q q 0 0 0 rg BT 66.81 646.10 Td (, that reflect the impact on operations from trends in items such as occupancy rates, rental rates, operating costs, general ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (and administrative expenses and interest costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 610.10 Td (In addition to FFO, management uses modified funds from operations \(MFFO\) as defined by the Investment Program ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Association \(IP) Tj ET Q q 0 0 0 rg BT 115.46 598.10 Td (A\) as a non-GAAP) Tj ET Q q 0 0 0 rg BT 195.90 598.10 Td ( supplemental financial performance measure to evaluate our operating performance. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (MFFO includes funds generated by the operations of our real estate investments and funds used in our corporate-level ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (operations. MFFO is based on FFO, but includes certain additional adjustments which we believe are appropriate. Some of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (these adjustments relate to changes in the accounting and reporting rules under GAAP) Tj ET Q q 0 0 0 rg BT 394.53 562.10 Td ( that have been put into ef) Tj ET Q q 0 0 0 rg BT 498.20 562.10 Td (fect since the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (establishment of NAREIT) Tj ET Q q 0 0 0 rg BT 157.76 550.10 Td (s definition of FFO. ) Tj ET Q q 0 0 0 rg BT 239.53 550.10 Td (These changes have prompted a significant increase in the magnitude of non-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (cash and non-operating items included in FFO, as defined. Such items include amortization of out-of-market lease intangible ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (assets and liabilities and certain tenant incentives, the ef) Tj ET Q q 0 0 0 rg BT 273.91 526.10 Td (fects of straight-line rent revenue recognition, fair value adjustments to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (derivative instruments that do not qualify for hedge accounting treatment and certain other items as described in the footnotes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 502.10 Td (. Management uses MFFO to evaluate the financial performance of our investment portfolio. In addition, management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (uses MFFO to evaluate and establish our distribution policy and the sustainability thereof. Further) Tj ET Q q 0 0 0 rg BT 441.76 490.10 Td (, we believe MFFO is one of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (several measures that may be useful to investors in evaluating the potential performance of our portfolio.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.95 454.10 Td (As such, we believe FFO and MFFO, in addition to net income \(loss\) and cash flows from operating activities as defined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (by GAAP) Tj ET Q q 0 0 0 rg BT 88.62 442.10 Td (, are meaningful supplemental performance measures and are useful to investors in understanding how our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (management evaluates our ongoing performance.However) Tj ET Q q 0 0 0 rg BT 288.67 430.10 Td (, FFO and MFFO should not be considered as alternatives to net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (income \(loss\) or to cash flows from operating activities and are not intended to be used as liquidity measures indicative of cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (flow available to fund our cash needs. ) Tj ET Q q 0 0 0 rg BT 203.84 406.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 253.75 406.10 Td (, please see the limitations listed below associated with the use of MFFO as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (compared to net income \(loss\):) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 370.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 370.10 Td (MFFO excludes gains \(losses\) related to changes in estimated values of our interest rate swaps. ) Tj ET Q q 0 0 0 rg BT 486.69 370.10 Td (Although we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 358.10 Td (expect to hold these instruments to maturity) Tj ET Q q 0 0 0 rg BT 278.87 358.10 Td (, if we were to settle these instruments currently) Tj ET Q q 0 0 0 rg BT 470.11 358.10 Td (, it would have an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 346.10 Td (impact on our operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 322.10 Td (MFFO excludes impairment char) Tj ET Q q 0 0 0 rg BT 236.85 322.10 Td (ges related to long-lived assets that have been written down to current market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 310.10 Td (valuations. ) Tj ET Q q 0 0 0 rg BT 149.55 310.10 Td (Although these losses are included in the calculation of net income \(loss\), we have excluded them ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 298.10 Td (from MFFO because we believe doing so more appropriately presents the operating performance of our real estate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 286.10 Td (investments on a comparative basis.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 262.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 262.10 Td (MFFO excludes acquisition fees payable to our ) Tj ET Q q 0 0 0 rg BT 295.35 262.10 Td (Advisor) Tj ET Q q 0 0 0 rg BT 327.02 262.10 Td (.) Tj ET Q q 0 0 0 rg BT 333.97 262.10 Td (Although these amounts reduce net income, we fund ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 250.10 Td (such costs with proceeds from our current public of) Tj ET Q q 0 0 0 rg BT 309.87 250.10 Td (ferings and acquisition-related indebtedness and do not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 238.10 Td (consider these fees in the evaluation of our operating performance and determining MFFO.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 79 0 obj <> endobj 80 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 (37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.32 742.10 Td (The table below summarizes FFO and MFFO for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.90 742.10 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.99 742.10 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.82 742.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 742.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.09 742.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.09 742.10 Td ( and a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (reconciliation of such non-GAAP) Tj ET Q q 0 0 0 rg BT 184.32 730.10 Td ( financial performance measures to our net income \(loss\) for the periods then ended \(in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (thousands\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 665.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 665.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 665.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 665.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 665.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 665.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 665.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 665.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 635.60 224.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 635.60 66.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 635.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 635.60 66.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 635.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 635.60 72.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 635.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 635.60 72.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 595.60 224.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 595.60 66.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 595.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 595.60 66.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 595.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 595.60 72.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 595.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 595.60 72.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 555.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 555.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 555.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 555.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 555.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 525.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 525.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 525.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 525.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 525.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 485.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 485.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 485.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 485.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 485.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 485.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 485.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 485.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 455.60 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 455.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 455.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 455.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 455.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 455.60 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 455.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 455.60 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 426.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 426.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 426.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 426.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 426.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 426.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 426.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 426.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 396.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 396.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 396.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 396.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 396.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 396.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 396.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 396.60 72.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 665.6 m 340.5 665.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 665.6 m 410.5 665.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 665.6 m 486.5 665.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 665.6 m 562.5 665.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 555.6 m 340.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 555.6 m 410.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 555.6 m 486.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 555.6 m 562.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 470.6 m 340.5 470.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 470.6 m 410.5 470.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 470.6 m 486.5 470.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 470.6 m 562.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 456.6 m 340.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 454.6 m 340.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 456.6 m 410.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 454.6 m 410.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 456.6 m 486.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 454.6 m 486.5 454.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 470.6 m 562.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 456.6 m 562.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 454.6 m 562.5 454.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 685.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 277.45 685.28 Td (Three Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.50 685.28 Td (Six Months Ended June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 670.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 297.00 670.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 367.00 670.28 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.00 670.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 516.00 670.28 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 655.27 Td (Net income \(loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.00 655.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 655.27 Td (78,637) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 655.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.80 655.32 Td (\(58,663) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 655.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.00 655.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 655.27 Td (236,459) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 655.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 655.32 Td (\(64,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 655.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 640.27 Td (Depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 187.12 644.80 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 640.27 Td (15,482) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 640.27 Td (20,419) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 640.27 Td (33,317) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 640.27 Td (40,921) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 625.27 Td (Gain on sale of investment property and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 615.27 Td ( unconsolidated joint venture) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 179.36 619.80 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.30 615.32 Td (\(259) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.65 615.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.30 615.32 Td (\(690) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 615.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.80 615.32 Td (\(160,181) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 615.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 615.32 Td (\(2,566) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 615.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 600.27 Td (Impairment on real estate investments) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 217.67 604.80 Td (\(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.15 600.27 Td (3,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 600.27 Td (46,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 600.27 Td (3,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 600.27 Td (46,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 585.27 Td ( ) Tj ET Q q 0 0 0 rg BT 64.95 585.27 Td (Adjustments to equity in earnings from) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 575.27 Td (unconsolidatedentities, net) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 174.64 579.80 Td (\(4\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.80 575.32 Td (\(71,644) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.65 575.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 575.27 Td (9,139) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.80 575.32 Td (\(67,127) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 575.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 575.27 Td (17,305) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 560.27 Td () Tj ET Q q 0 0 0 rg BT 64.95 560.27 Td (Adjustments for noncontrolling interests) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 226.87 564.80 Td (\(5\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.30 560.32 Td (\(669) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.65 560.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 560.27 Td (465) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.30 560.32 Td (\(347) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 560.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 560.27 Td (665) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 545.27 Td (Funds from operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 545.27 Td (25,503) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 545.27 Td (16,728) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 545.27 Td (46,077) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 545.27 Td (38,300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 530.27 Td (\(Gain\) loss on derivative instruments) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 213.81 534.80 Td (\(6\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.80 530.32 Td (\(13,258) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.65 530.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 530.27 Td (2,394) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.80 530.32 Td (\(19,544) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 530.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 530.32 Td (\(1,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 530.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 515.27 Td (Other components of revenues and expenses) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 243.50 519.80 Td (\(7\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.15 515.27 Td (2,149) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 515.27 Td (982) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 515.27 Td (4,501) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 515.27 Td (1,460) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 500.27 Td ( ) Tj ET Q q 0 0 0 rg BT 64.95 500.27 Td (Adjustments to equity in earnings \(losses\) from) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 490.27 Td (unconsolidatedentities, net) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 174.64 494.80 Td (\(4\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.30 490.32 Td (\(534) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.65 490.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.80 490.32 Td (\(4,014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 490.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.80 490.32 Td (\(2,420) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 490.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 490.32 Td (\(4,217) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 490.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 475.27 Td () Tj ET Q q 0 0 0 rg BT 64.95 475.27 Td (Adjustments for noncontrolling interests) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 226.87 479.80 Td (\(5\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.65 475.27 Td (655) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.65 475.27 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 475.27 Td (972) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 475.27 Td (195) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 460.27 Td (Modified Funds From Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.00 460.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 460.27 Td (14,515) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 460.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 460.27 Td (16,121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.00 460.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 460.27 Td (29,586) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 460.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 460.27 Td (34,364) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 431.27 Td (Basic and Diluted Income \(Loss\) Per Common Share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.00 431.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 431.27 Td (0.33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 431.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.80 431.32 Td (\(0.26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 431.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.00 431.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 431.27 Td (1.01) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 431.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.80 431.32 Td (\(0.28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 431.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 416.27 Td (Funds From Operations Per Common Share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.00 416.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 416.27 Td (0.11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 416.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 416.27 Td (0.07) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.00 416.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 416.27 Td (0.20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 416.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 416.27 Td (0.17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 401.27 Td (Modified Funds From Operations Per Common Share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.00 401.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 401.27 Td (0.06) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 401.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 401.27 Td (0.07) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.00 401.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 401.27 Td (0.13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 401.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 401.27 Td (0.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 386.27 Td (Weighted Average Shares Outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.15 386.27 Td (233,947) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.15 386.27 Td (229,494) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 386.27 Td (233,410) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 386.27 Td (228,950) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td (Represents the depreciation and amortization of various real estate assets.Historical cost accounting for real estate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 346.10 Td (assets in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 216.70 346.10 Td ( implicitly assumes that the value of real estate assets diminishes predictably over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 334.10 Td (time. Since real estate values have historically risen or fallen with market conditions, we believe that such depreciation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 322.10 Td (and amortization may be of limited relevance in evaluating current operating performance and, as such, these items are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 310.10 Td (excluded from our determination of FFO. ) Tj ET Q q 0 0 0 rg BT 256.89 310.10 Td (This amount includes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.49 310.10 Td ($1.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.38 310.10 Td ( of depreciation and amortization related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 298.10 Td (to discontinued operations for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.91 298.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.91 298.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.41 298.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.24 298.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 274.10 Td (Represents the gain on disposition of certain real estate investments. ) Tj ET Q q 0 0 0 rg BT 361.21 274.10 Td (Althoughthis gain isincluded in the calculation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 262.10 Td (of net income \(loss\), we have excluded it from FFObecause webelievedoing somore appropriately presentsthe ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 250.10 Td (operating performance of our real estate investments on a comparative basis.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (\(3\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 226.10 Td (Represents impairment char) Tj ET Q q 0 0 0 rg BT 198.00 226.10 Td (ges recorded in the second quarter of each of 2012 and 2013 in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 545.94 226.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 214.10 Td (Although such char) Tj ET Q q 0 0 0 rg BT 164.13 214.10 Td (ges are included in the calculation of net income \(loss\), we have excluded them from FFO because ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 202.10 Td (we believe doing so more appropriately presents the operating performance of our real estate investments on a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 190.10 Td (comparative basis. See Results of Operations Results of Directly-Owned Properties for additional information ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 178.10 Td (regarding our impairment char) Tj ET Q q 0 0 0 rg BT 208.27 178.10 Td (ges.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (\(4\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 154.10 Td (Includes adjustments to equity in earnings \(losses\) of unconsolidated entities, net, similar to those described in Notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 142.10 Td (1, 2, 3, 6 and 7 for our unconsolidated entities, which are necessary to convert our share of income \(loss\) from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 130.10 Td (unconsolidated entities to FFO and MFFO.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (\(5\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 106.10 Td (Includes income attributable to noncontrolling interests and all adjustments to eliminate the noncontrolling interests) Tj ET Q q 0 0 0 rg BT 551.54 106.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 94.10 Td (share of the adjustments to convert our net income \(loss\) to FFO and MFFO.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 81 0 obj <> endobj 82 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 (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (\(6\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Represents components of net income \(loss\) related to the estimated changes in the values of our interest rate swap ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (derivatives.) Tj ET Q q 0 0 0 rg BT 137.19 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 145.83 730.10 Td (e have excluded these changes in value from our evaluation of our operating performance and MFFO ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (because we expect to hold the underlying instruments to their maturity and accordingly the interim gains or losses will ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (remain unrealized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (\(7\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (Includesthe following components of revenues and expenses that we do not consider in evaluating our operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (performance and determining MFFO\(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 617.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 617.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 617.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 617.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 617.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 617.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 617.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 617.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 587.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 587.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 587.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 587.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 587.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 557.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 557.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 557.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 557.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 557.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 557.60 72.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 617.6 m 340.5 617.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 617.6 m 410.5 617.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 617.6 m 486.5 617.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 617.6 m 562.5 617.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 617.6 m 340.5 617.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 617.6 m 410.5 617.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 617.6 m 486.5 617.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 617.6 m 562.5 617.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 557.6 m 340.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 557.6 m 410.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 557.6 m 486.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 557.6 m 562.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 543.6 m 340.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 541.6 m 340.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 543.6 m 410.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 541.6 m 410.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 543.6 m 486.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 541.6 m 486.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 543.6 m 562.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 541.6 m 562.5 541.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 637.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 277.45 637.28 Td (Three Months Ended June 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.50 637.28 Td (Six Months Ended June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 622.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 297.00 622.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 367.00 622.28 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.00 622.28 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 516.00 622.28 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 607.27 Td (Straight-line rent adjustment \(a\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.00 607.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.80 607.32 Td (\(1,288) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.65 607.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 607.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.80 607.32 Td (\(1,506) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 607.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.00 607.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.80 607.32 Td (\(2,681) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 607.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 607.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 607.32 Td (\(3,054) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 607.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 592.27 Td (Amortization of lease incentives \(b\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.15 592.27 Td (4,063) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 592.27 Td (3,804) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 592.27 Td (8,534) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 592.27 Td (7,176) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 577.27 Td (Amortization of out-of-market leases \(b\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.30 577.32 Td (\(833) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.65 577.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.80 577.32 Td (\(1,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 577.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.80 577.32 Td (\(1,767) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 577.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 577.32 Td (\(3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 577.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 562.27 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.65 562.27 Td (207) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 562.27 Td (210) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 562.27 Td (415) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 562.27 Td (419) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 547.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.00 547.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.15 547.27 Td (2,149) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 547.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 547.27 Td (982) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.00 547.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 547.27 Td (4,501) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 547.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 547.27 Td (1,460) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 519.10 Td (\(a\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 519.10 Td (Represents the adjustments to rental revenue as required by GAAP) Tj ET Q q 0 0 0 rg BT 353.06 519.10 Td ( to recognize minimum lease payments on a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 507.10 Td (straight-line basis over the respective lease terms.) Tj ET Q q 0 0 0 rg BT 289.36 507.10 Td (W) Tj ET Q q 0 0 0 rg BT 298.00 507.10 Td (e have excluded these adjustments from our evaluation of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 495.10 Td (operating performance of the Company and in determining MFFO because we believe that the rent that is billable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 483.10 Td (during the current period is a more relevant measure of the Company) Tj ET Q q 0 0 0 rg BT 365.07 483.10 Td (s operating performance for such period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 459.10 Td (\(b\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 459.10 Td (Represents the amortization of lease incentives and out-of-market leases.) Tj ET Q q 0 0 0 rg BT 382.28 459.10 Td (As stated in Note 1 above, historical cost ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 447.10 Td (accounting for real estate assets in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 319.98 447.10 Td ( implicitly assumes that the value of real estate assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 435.10 Td (diminishes predictably over time. Since real estate values have historically risen or fallen with market conditions, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 423.10 Td (believe that such amortization may be of limited relevance in evaluating current operating performance and, as such, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 411.10 Td (these items are excluded from our determination of MFFO.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 399.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 387.10 Td (Set forth below is additional information relating to certain items excluded from the analysis above which may be helpful ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 375.10 Td (in assessing our operating results:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 351.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 351.10 Td (Pursuant to the terms of the Grocery-Anchored Portfolio joint venture agreement, for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.67 351.10 Td (three months ended June ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 339.10 Td (30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.00 339.10 Td (, we received distributions of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.86 339.10 Td ($0.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.75 339.10 Td ( in excess of our pro-rata share of the joint venture) Tj ET Q q 0 0 0 rg BT 511.68 339.10 Td (s MFFO. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 327.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.64 327.10 Td (e did not receive any distributions in excess of our pro-rata share of the joint venture) Tj ET Q q 0 0 0 rg BT 453.37 327.10 Td (s MFFO for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.37 327.10 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 315.10 Td (months ended June 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.16 315.10 Td (. For the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.76 315.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.76 315.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.26 315.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.09 315.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.53 315.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.53 315.10 Td (, we received distributions of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.38 315.10 Td ($0.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 303.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.89 303.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.33 303.10 Td ($1.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.22 303.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 253.88 303.10 Td (, in excess of our pro-rata share of the joint venture) Tj ET Q q 0 0 0 rg BT 461.31 303.10 Td (s MFFO.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 279.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 279.10 Td (Amortization of deferred financing costs was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.27 279.10 Td ($0.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.16 279.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.60 279.10 Td ($0.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.49 279.10 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.87 279.10 Td (three months ended June 30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 267.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.00 267.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.44 267.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.44 267.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 216.10 267.10 Td (, and was deducted in determining MFFO. ) Tj ET Q q 0 0 0 rg BT 387.47 267.10 Td (Amortization of deferred financing costs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 255.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.05 255.10 Td ($2.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.94 255.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.38 255.10 Td ($0.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.27 255.10 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.65 255.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.65 255.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 255.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.98 255.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.41 255.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.41 255.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 491.08 255.10 Td (, and was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 243.10 Td (deducted in determining MFFO.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 219.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 219.10 Td (During the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.55 219.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.54 219.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.04 219.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.87 219.10 Td (, we sold our directly owned interest in ) Tj ET Q q 0 0 0 rg BT 436.27 219.10 Td (W) Tj ET Q q 0 0 0 rg BT 445.30 219.10 Td (illiams ) Tj ET Q q 0 0 0 rg BT 474.84 219.10 Td (T) Tj ET Q q 0 0 0 rg BT 480.25 219.10 Td (ower and our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 207.10 Td (indirectly owned interest in Distribution Park Rio. See Financial Condition, Liquidity and Capital Resources ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 195.10 Td ( Cash Flows from Investing ) Tj ET Q q 0 0 0 rg BT 227.06 195.10 Td (Activities above for additional information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 171.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 171.10 Td (During the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.55 171.10 Td (six months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.54 171.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.04 171.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.87 171.10 Td (, the Core Fund sold its interests in the following properties: \(i\) 425 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 159.10 Td (Lexington, \(ii\) 499 Park ) Tj ET Q q 0 0 0 rg BT 202.60 159.10 Td (A) Tj ET Q q 0 0 0 rg BT 209.08 159.10 Td (venue, and \(iii\) 1200 19th Street. For additional information regarding the sale of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 147.10 Td (Core Fund) Tj ET Q q 0 0 0 rg BT 149.28 147.10 Td (s properties see Results of Operations Results for our Indirectly-Owned Properties Our Interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 135.10 Td (in the Core Fund. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 111.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 111.10 Td (A) Tj ET Q q 0 0 0 rg BT 110.67 111.10 Td ( portion of our acquisition and asset management fees are paid in equity through the Participation Interest. For ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 99.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.72 99.10 Td (three and six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.81 99.10 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.64 99.10 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.47 99.10 Td (, we recorded asset management fee expense related to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 87.10 Td (Participation Interest and its related distributions of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.01 87.10 Td ($4.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.90 87.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.84 87.10 Td ($9.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.73 87.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 484.39 87.10 Td (. For the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.00 87.10 Td (three and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 75.10 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.67 75.10 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 75.10 Td (June30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.33 75.10 Td (, we recorded expense of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 75.10 Td ($5.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.39 75.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.83 75.10 Td ($10.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.72 75.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 509.38 75.10 Td (, due to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 63.10 Td (Participation Interest and its related distributions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 83 0 obj <> endobj 84 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 (39) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 742.25 Td (Related-Party T) Tj ET Q q 0 0 0 rg BT 132.89 742.25 Td (ransactions and ) Tj ET Q q 0 0 0 rg BT 200.87 742.25 Td (Agreements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.64 718.25 Td (e have entered into agreements with the ) Tj ET Q q 0 0 0 rg BT 237.41 718.25 Td (Advisor and Hines or its af) Tj ET Q q 0 0 0 rg BT 345.27 718.25 Td (filiates, whereby we pay certain fees and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (reimbursements to these entities, including property management fees, leasing fees, construction management fees, debt ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (financing fees, re-development construction management fees, reimbursement of or) Tj ET Q q 0 0 0 rg BT 384.69 694.25 Td (ganizational and of) Tj ET Q q 0 0 0 rg BT 461.15 694.25 Td (fering expenses, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (reimbursement of certain operating costs, as described elsewhere in this Quarterly Report on Form 10-Q and previously in our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.34 670.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.92 670.25 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 646.25 Td (Of) Tj ET Q q 0 0 0 rg BT 78.37 646.25 Td (f-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 146.33 646.25 Td (Arrangements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 622.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.44 622.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.27 622.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.71 622.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.30 622.25 Td (, we had no of) Tj ET Q q 0 0 0 rg BT 303.04 622.25 Td (f-balance sheet arrangements that have or are reasonably likely ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (to have a current or future ef) Tj ET Q q 0 0 0 rg BT 164.20 610.25 Td (fect on our financial condition, changes in financial condition, revenues or expenses, results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (operations, liquidity) Tj ET Q q 0 0 0 rg BT 129.90 598.25 Td (, capital expenditures or capital resources.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 575.25 Td (Item3. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 84.99 575.25 Td (Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 0 rg BT 254.63 575.25 Td (About Market Risk.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 551.25 Td (Market risk is the exposure to loss resulting from changes in interest rates, foreign currency exchange rates and equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 539.25 Td (prices. Interest rate risk is the primary risk in pursuing our business plan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 515.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.44 515.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.27 515.25 Td (, we had $520.0million of debt outstanding under our HSH Nordbank credit facility) Tj ET Q q 0 0 0 rg BT 484.50 515.25 Td (, which is a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (variable-rate pooled mortgage facility) Tj ET Q q 0 0 0 rg BT 200.67 503.25 Td (. However) Tj ET Q q 0 0 0 rg BT 241.92 503.25 Td (, as a result of the interest rate swap agreements entered into with HSH ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td (Nordbank, these borrowings ef) Tj ET Q q 0 0 0 rg BT 173.68 491.25 Td (fectively bear interest at fixed rates ranging from 5.25% to 6.03%.) Tj ET Q q 0 0 0 rg BT 443.31 491.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.75 491.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.58 491.25 Td (, we had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td ($444.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.89 479.25 Td ( in variable rate debt that was not hedged with an interest rate swap. If interest rates were to increase by 1%, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (would incur an additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.98 467.25 Td ($4.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.87 467.25 Td ( in interest expense. See Note 6 Debt Financing for more information concerning our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 455.25 Td (outstanding debt.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 432.25 Td (Item4. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 84.99 432.25 Td (Controls and Procedures.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 408.25 Td (In accordance with Exchange ) Tj ET Q q 0 0 0 rg BT 187.94 408.25 Td (Act Rules13a-15 and 15d-15, we carried out an evaluation, under the supervision and with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 396.25 Td (the participation of management, including our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 318.34 396.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 430.90 396.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 448.81 396.25 Td (, of the ef) Tj ET Q q 0 0 0 rg BT 486.95 396.25 Td (fectiveness of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 384.25 Td (disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, our Chief ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 372.25 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.85 372.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 215.41 372.25 Td (ficer concluded that our disclosure controls and procedures were ef) Tj ET Q q 0 0 0 rg BT 483.73 372.25 Td (fective as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 360.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.83 360.25 Td (, to provide reasonable assurance that information required to be disclosed in our reports filed or submitted under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 348.25 Td (the Exchange ) Tj ET Q q 0 0 0 rg BT 106.09 348.25 Td (Act is \(i\)recorded, processed, summarized and reported within the time periods specified in the Securities and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 336.25 Td (Exchange Commission) Tj ET Q q 0 0 0 rg BT 145.27 336.25 Td (s rules and forms, and \(ii\)accumulated and communicated to our management, including our Chief ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 324.25 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.85 324.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 215.41 324.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 233.32 324.25 Td (, as appropriate to allow timely decisions regarding required disclosure.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 300.25 Td (No change occurred in our internal controls over financial reporting \(asdefined in Rule13a-15\(f\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 527.27 300.25 Td (Act\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 288.25 Td (during the quarter ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.52 288.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.35 288.25 Td ( that has materially af) Tj ET Q q 0 0 0 rg BT 292.80 288.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 474.21 288.25 Td (fect, our internal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 276.25 Td (controls over financial reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 85 0 obj <> endobj 86 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 (40) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 226.70 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 232.07 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 246.16 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 252.65 742.25 Td (IIOTHER INFORMA) Tj ET Q q 0 0 0 rg BT 359.69 742.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 719.25 Td (Item 1. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 84.99 719.25 Td (Legal Proceedings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 695.25 Td (From time to time in the ordinary course of business, the Company or its subsidiaries may become subject to legal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 683.25 Td (proceedings, claims or disputes. ) Tj ET Q q 0 0 0 rg BT 179.98 683.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.87 683.25 Td (August12, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.26 683.25 Td (, neither the Company nor any of its subsidiaries was a party to any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 671.25 Td (material pending legal proceedings.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (Item1A. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 92.21 648.25 Td (Risk Factors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 624.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.32 624.25 Td (W) Tj ET Q q 0 0 0 rg BT 78.96 624.25 Td (e are subject to a number of risks and uncertainties, which are discussed in Part I, Item 1A, Risk Factors in our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.44 624.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.44 624.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (Annual Report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 600.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (Item 2.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 79.99 589.25 Td ( Unregistered Sales of Equity Securities and Use of Proceeds.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 565.25 Td (During the three months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.36 565.25 Td (June30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.19 565.25 Td (, we did not sell or issue any equity securities that were not registered under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (the Securities ) Tj ET Q q 0 0 0 rg BT 106.10 553.25 Td (Act.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 529.25 Td (All eligible requests for redemptions received by the Company were redeemed using proceeds from our dividend ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td (reinvestment plan. ) Tj ET Q q 0 0 0 rg BT 126.19 517.25 Td (The following table lists shares we redeemed under our share redemption program during the period covered ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 505.25 Td (by this report.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 418.75 172.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 418.75 16.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 418.75 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 418.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 418.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 418.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 418.75 93.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 418.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 418.75 93.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 418.75 m 222.5 418.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 418.75 m 307.5 418.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 418.75 m 362.5 418.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 418.75 m 459.5 418.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 418.75 m 556.5 418.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 418.75 m 222.5 418.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 418.75 m 307.5 418.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 403.75 m 307.5 403.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 418.75 m 362.5 418.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 418.75 m 459.5 418.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 403.75 m 459.5 403.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 418.75 m 556.5 418.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 403.75 m 307.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 389.75 m 307.5 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 387.75 m 307.5 387.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 403.75 m 459.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 389.75 m 459.5 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 387.75 m 459.5 387.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 423.43 Td (Period) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 261.55 453.43 Td (T) Tj ET Q q 0 0 0 rg BT 267.30 453.43 Td (otal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 249.35 443.43 Td (Number) Tj ET Q q 0 0 0 rg BT 284.72 443.43 Td ( of) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 258.10 433.43 Td (Shar) Tj ET Q q 0 0 0 rg BT 278.48 433.43 Td (es) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 250.25 423.43 Td (Redeemed) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 319.10 453.43 Td (A) Tj ET Q q 0 0 0 rg BT 325.58 453.43 Td (verage) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 325.35 443.43 Td (Price) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 318.35 433.43 Td (Paid per) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.05 423.43 Td (Shar) Tj ET Q q 0 0 0 rg BT 344.43 423.43 Td (e) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 401.55 473.43 Td (T) Tj ET Q q 0 0 0 rg BT 407.30 473.43 Td (otal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.75 463.43 Td (Number) Tj ET Q q 0 0 0 rg BT 409.12 463.43 Td ( of Shar) Tj ET Q q 0 0 0 rg BT 442.83 463.43 Td (es) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.90 453.43 Td (Redeemed as Part ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.55 443.43 Td (of Publicly) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.20 433.43 Td (Announced Plans or) Tj ET Q q 0 0 0 rg BT 455.70 433.43 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.45 423.43 Td (Pr) Tj ET Q q 0 0 0 rg BT 401.82 423.43 Td (ograms) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.30 463.43 Td (Maximum Number) Tj ET Q q 0 0 0 rg BT 550.61 463.43 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.85 453.43 Td (of Shar) Tj ET Q q 0 0 0 rg BT 500.06 453.43 Td (es that May ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.80 443.43 Td (Y) Tj ET Q q 0 0 0 rg BT 478.91 443.43 Td (et be Redeemed) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.25 433.43 Td (Under) Tj ET Q q 0 0 0 rg BT 496.29 433.43 Td ( the Plans or) Tj ET Q q 0 0 0 rg BT 549.72 433.43 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.40 423.43 Td (Pr) Tj ET Q q 0 0 0 rg BT 493.77 423.43 Td (ograms ) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 527.93 427.96 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 408.42 Td (April 1, 2013 through June 30, 2013) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 225.00 413.58 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.15 408.42 Td (390,522) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 408.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.15 408.42 Td (7.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.15 408.42 Td (390,522) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 408.42 Td (1,468,422) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 393.42 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.15 393.42 Td (390,522) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.00 393.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.15 393.42 Td (390,522) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.00 393.42 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 377.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 365.25 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 365.25 Td (All shares were redeemed on ) Tj ET Q q 0 0 0 rg BT 204.01 365.25 Td (April 1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.62 365.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.62 365.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 341.25 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 341.25 Td (This amount represents the number of shares available for redemption on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.19 341.25 Td (July) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.86 341.25 Td ( 1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.36 341.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.36 341.25 Td (. Please see Item 2. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 329.25 Td (Management) Tj ET Q q 0 0 0 rg BT 140.98 329.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 210.15 329.25 Td (Analysis of Financial Condition and Results of Operations Financial Condition, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 317.25 Td (Liquidity and Capital Resources Cash Flows from Financing ) Tj ET Q q 0 0 0 rg BT 343.48 317.25 Td (Activities for additional information on the re-opening ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 305.25 Td (and amendment and restatement of our share redemption program ef) Tj ET Q q 0 0 0 rg BT 359.88 305.25 Td (fective in ) Tj ET Q q 0 0 0 rg BT 399.31 305.25 Td (April 2013. ) Tj ET Q q 0 0 0 rg BT 450.24 305.25 Td (The funds available for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 293.25 Td (redemption are generally limited to the amount of proceeds received from our dividend reinvestment plan. However) Tj ET Q q 0 0 0 rg BT 549.88 293.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 281.25 Td (our board of directors may approve requests for redemptions in excess of this amount, as long as the total amount ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 269.25 Td (redeemed does not exceed the amount required to redeem 10% of our shares outstanding as of the same date in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 257.25 Td (prior calendar year) Tj ET Q q 0 0 0 rg BT 160.96 257.25 Td (. In the event of a redemption request in connection with the death or disability of a stockholder) Tj ET Q q 0 0 0 rg BT 543.22 257.25 Td (, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 245.25 Td (may waive the annual limitation on the number of shares that will be redeemed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 222.25 Td (Item 3. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 84.99 222.25 Td (Defaults Upon Senior Securities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 198.25 Td (Not applicable.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (Item 4. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 84.99 175.25 Td (Mine Safety Disclosures.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (Not applicable.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 128.25 Td (Item 5. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 84.99 128.25 Td (Other Information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 104.25 Td (Not applicable.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 81.25 Td (Item6. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 84.99 81.25 Td (Exhibits.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 57.25 Td (The exhibits required by this item are set forth on the ExhibitIndex attached hereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 87 0 obj <> endobj 88 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 (41) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.85 742.25 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 742.25 Td (TURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 718.25 Td (Pursuant to the requirements of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 294.05 718.25 Td (Act of 1934, the registrant has duly caused this report to be signed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (on its behalf by the undersigned thereunto duly authorized.) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 640.75 m 461.5 640.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 567.75 m 461.5 567.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 674.32 Td (HINES REAL ESTATE INVESTMENT TRUST, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 646.32 Td (August 12, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 646.32 Td (By:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 646.32 Td (/s/ SHERRI ) Tj ET Q q 0 0 0 rg BT 342.83 646.32 Td (W) Tj ET Q q 0 0 0 rg BT 351.35 646.32 Td (. SCHUGAR) Tj ET Q q 0 0 0 rg BT 403.54 646.32 Td (T) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 631.32 Td (Sherri ) Tj ET Q q 0 0 0 rg BT 319.76 631.32 Td (W) Tj ET Q q 0 0 0 rg BT 328.28 631.32 Td (. Schugart) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 616.32 Td (President and Chief Executive Officer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 573.32 Td (August 12, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 573.32 Td (By:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 573.32 Td (/s/RYAN T. SIMS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 558.32 Td (Ryan T. Sims) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 543.32 Td (Chief Financial Officer and Secretary) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q endstream endobj 89 0 obj <> endobj 90 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 (42) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 267.30 742.25 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 309.91 742.25 Td ( INDEX) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.00 730.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 695.75 45.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 95.50 695.75 16.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 111.50 695.75 426.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 635.75 45.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 95.50 635.75 16.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 111.50 635.75 426.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 585.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 95.50 585.75 16.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 111.50 585.75 426.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 535.75 45.00 -65.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 95.50 535.75 16.00 -65.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 111.50 535.75 426.00 -65.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 695.75 m 95.5 695.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 111.5 695.75 m 537.5 695.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 56.65 710.43 Td (Exhibit) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.10 700.43 Td (No.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 114.00 700.43 Td (Description) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.50 686.32 Td (3.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 685.42 Td (Second Amended and Restated Articles of Incorporation of Hines Real Estate Investment Trust, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 675.42 Td (\(filed as Exhibit3.1 to the registrants Current Report on Form 8-K on July 13, 2007 and incorporated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 665.42 Td (by reference herein\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.50 651.32 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 650.42 Td (Second Amended and Restated Bylaws of Hines Real Estate Investment Trust, Inc. \(filed as Exhibit3.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 640.42 Td (to the registrants Current Report on Form8-K on August 3, 2006 and incorporated by reference herein\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.50 626.32 Td (10.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 625.42 Td (Purchase and Sale ) Tj ET Q q 0 0 0 rg BT 188.70 625.42 Td (Agreement, dated as of May 14, 2013, by and between Hines REIT) Tj ET Q q 0 0 0 rg BT 457.89 625.42 Td ( El Segundo LP) Tj ET Q q 0 0 0 rg BT 519.84 625.42 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 615.42 Td (Hines REIT) Tj ET Q q 0 0 0 rg BT 161.87 615.42 Td ( One ) Tj ET Q q 0 0 0 rg BT 183.35 615.42 Td (W) Tj ET Q q 0 0 0 rg BT 192.38 615.42 Td (ilshire LP) Tj ET Q q 0 0 0 rg BT 231.18 615.42 Td ( and GI ) Tj ET Q q 0 0 0 rg BT 263.49 615.42 Td (TC One ) Tj ET Q q 0 0 0 rg BT 297.75 615.42 Td (W) Tj ET Q q 0 0 0 rg BT 306.78 615.42 Td (ilshire, LLC \(filed as Exhibit 10.1 to the registrant) Tj ET Q q 0 0 0 rg BT 510.63 615.42 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 605.42 Td (Current Report on Form 8-K on May 16, 2013\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.50 590.42 Td (31.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 590.42 Td (*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 590.42 Td (Certification.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.50 575.42 Td (31.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 575.42 Td (*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 575.42 Td (Certification.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.50 561.32 Td (32.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 561.32 Td (*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 560.42 Td (Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18U.S.C.,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 550.42 Td (Section1350, as adopted pursuant to Section906 of the Sarbanes-Oxley Act of 2002. Pursuant to SEC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 540.42 Td (Release 34-47551 this Exhibit is furnished to the SEC and shall not be deemed to be filed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 526.32 Td (101) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 526.32 Td (**) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 525.42 Td (The following materials from Hines Real Estate Investment ) Tj ET Q q 0 0 0 rg BT 354.86 525.42 Td (T) Tj ET Q q 0 0 0 rg BT 360.62 525.42 Td (rust, Inc.) Tj ET Q q 0 0 0 rg BT 398.67 525.42 Td (s Quarterly Report on Form 10-Q ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 515.42 Td (for the quarter ended June 30, 2013, filed on ) Tj ET Q q 0 0 0 rg BT 293.67 515.42 Td (August 12, 2013, formatted in XBRL) Tj ET Q q 0 0 0 rg BT 443.01 515.42 Td ( \(eXtensible Business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 505.42 Td (Reporting Language\): \(i\) Condensed Consolidated Balance Sheets, \(ii\) Condensed Consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 495.42 Td (Statements of Operations and Comprehensive Income \(Loss\), \(iii\) Condensed Consolidated Statements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 485.42 Td (of Equity) Tj ET Q q 0 0 0 rg BT 150.85 485.42 Td (, \(iv\) Condensed Consolidated Statements of Cash Flows, and \(v\) Notes to the Condensed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.00 475.42 Td (Consolidated Financial Statements.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 459.25 Td (__________) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 427.32 Td (*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.00 427.32 Td (Filed herewith) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 412.32 Td (**) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.00 412.32 Td (In accordance with Rule 406T of Regulation S-T, the information in these exhibits is furnished and deemed not filed or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.00 402.32 Td (a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.00 392.32 Td (deemed not filed for purposes of Section18 of the Exchange Act of 1934, and otherwise is not subject to liability under) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.00 382.32 Td (these sections and shall not be incorporated by reference into any registration statement or other document filed under) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.00 372.32 Td (the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 499.35 742.25 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 541.96 742.25 Td (31.1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 265.70 718.25 Td (CER) Tj ET Q q 0 0 0 rg BT 286.46 718.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 320.72 718.25 Td (TION) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.05 706.25 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 284.32 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 286.64 706.25 Td (T) Tj ET Q q 0 0 0 rg BT 293.13 706.25 Td (O SECTION302 OF) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 217.55 694.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 333.04 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 334.99 694.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 355.92 694.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 371.93 694.25 Td ( 2002) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (I, Sherri ) Tj ET Q q 0 0 0 rg BT 85.09 670.25 Td (W) Tj ET Q q 0 0 0 rg BT 93.61 670.25 Td (. Schugart, certify that:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 646.25 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 646.25 Td (I have reviewed this quarterly report on Form 10-Q of Hines Real Estate Investment ) Tj ET Q q 0 0 0 rg BT 425.17 646.25 Td (T) Tj ET Q q 0 0 0 rg BT 430.92 646.25 Td (rust, Inc.;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 622.25 Td (2. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 622.25 Td (Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 610.25 Td (fact necessary to make the statements made, in light of the circumstances under which such statements were made, not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 598.25 Td (misleading with respect to the period covered by this report;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 574.25 Td (3. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 574.25 Td (Based on my knowledge, the financial statements, and other financial information included in this report, fairly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 562.25 Td (present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 550.25 Td (for) Tj ET Q q 0 0 0 rg BT 97.26 550.25 Td (, the periods presented in this report;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 526.25 Td (4. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 526.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 144.59 526.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 223.55 526.25 Td (ficer\(s\) and I are responsible for establishing and maintaining disclosure controls ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 514.25 Td (and procedures \(as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 247.60 514.25 Td (Act Rules13a-15\(e\) and 15d-15\(e\)\) and internal control over financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 502.25 Td (reporting \(as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 223.45 502.25 Td (Act Rules13a-15\(f\) and 15d-15\(f\)\) for the Registrant and have:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 478.25 Td (a. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 478.25 Td (designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 466.25 Td (designed under our supervision, to ensure that material information relating to the registrant, including its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 454.25 Td (consolidated subsidiaries, is made known to us by others within those entities, particularly during the period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 442.25 Td (in which this report is being prepared;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 418.25 Td (b. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 418.25 Td (designed such internal control over financial reporting, or caused such internal control over financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 406.25 Td (reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 394.25 Td (financial reporting and the preparation of financial statements for external purposes in accordance with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 382.25 Td (generally accepted accounting principles;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 358.25 Td (c. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 358.25 Td (evaluated the ef) Tj ET Q q 0 0 0 rg BT 185.12 358.25 Td (fectiveness of the registrant) Tj ET Q q 0 0 0 rg BT 298.13 358.25 Td (s disclosure controls and procedures and presented in this report ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 346.25 Td (our conclusions about the ef) Tj ET Q q 0 0 0 rg BT 234.57 346.25 Td (fectiveness of the disclosure controls and procedures, as of the end of the period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 334.25 Td (covered by this report based on such evaluation; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 310.25 Td (d. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 310.25 Td (disclosed in this report any change in the registrant) Tj ET Q q 0 0 0 rg BT 328.61 310.25 Td (s internal control over financial reporting that occurred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 298.25 Td (during the registrant) Tj ET Q q 0 0 0 rg BT 205.87 298.25 Td (s most recent fiscal quarter \(the registrant) Tj ET Q q 0 0 0 rg BT 374.69 298.25 Td (s fourth fiscal quarter in the case of an annual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 286.25 Td (report\) that has materially af) Tj ET Q q 0 0 0 rg BT 235.66 286.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 417.07 286.25 Td (fect, the registrant) Tj ET Q q 0 0 0 rg BT 492.32 286.25 Td (s internal control ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 274.25 Td (over financial reporting; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 250.25 Td (5. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 250.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 144.59 250.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 223.55 250.25 Td (ficer\(s\) and I have disclosed, based on our most recent evaluation of internal control ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 238.25 Td (over financial reporting, to the registrant) Tj ET Q q 0 0 0 rg BT 250.94 238.25 Td (s auditors and the audit committee of the registrant) Tj ET Q q 0 0 0 rg BT 457.00 238.25 Td (s board of directors \(or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 226.25 Td (persons performing the equivalent functions\):) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 202.25 Td (a. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 202.25 Td (all significant deficiencies and material weaknesses in the design or operation of internal control over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 190.25 Td (financial reporting which are reasonably likely to adversely af) Tj ET Q q 0 0 0 rg BT 370.05 190.25 Td (fect the registrant) Tj ET Q q 0 0 0 rg BT 442.80 190.25 Td (s ability to record, process, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 178.25 Td (summarize and report financial information; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 154.25 Td (b. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 154.25 Td (any fraud, whether or not material, that involves management or other employees who have a significant role ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 142.25 Td (in the registrant) Tj ET Q q 0 0 0 rg BT 187.54 142.25 Td (s internal control over financial reporting.) 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