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MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS
10901 - Disclosure - MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS
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Description of an entity's mortgages, loans payable and other obligations
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<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoBodyText3"><b>9.</b> <b><u>MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS</u></b></p>
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"> </p>
<div>
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoBodyText3">The Company has mortgages, loans payable and other obligations which primarily consist of various loans collateralized by certain of the Company's rental properties. As of September 30, 2010, 31 of the Company's properties, with a total book value of approximately $973,581,000, are encumbered by the Company's mortgages and loans payable. Payments on mortgages, loans payable and other obligations are generally due in monthly installments of principal and interest, or interest only.</p>
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoBodyText2"> </p><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"><br /></font>
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoBodyText2">A summary of the Company's mortgages, loans payable and other obligations as of September 30, 2010 and December 31, 2009 is as follows: <i><font style="font-size: 9pt;" class="_mt">(dollars in thousands)</font></i> </p>
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"> </p>
<table style="border-collapse: collapse; font-family: 'Times New Roman','serif'; margin-left: 0px !important; font-size: 10pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="640">
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 139.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="186">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60" colspan="2">
<p style="text-align: right; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><b><font style="font-size: 9pt;" class="_mt">Effective</font></b></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 135pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="180" colspan="4">
<p style="text-align: right; margin: 0in 9.9pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><b><font style="font-size: 9pt;" class="_mt">Interest</font></b></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><b><font style="font-size: 9pt;" class="_mt">September 30,</font></b></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: justify; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><b><font style="font-size: 9pt;" class="_mt">December 31,</font></b></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"> </p></td></tr>
<tr><td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><b><font style="font-size: 9pt;" class="_mt">Property Name</font></b></p></td>
<td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><b><font style="font-size: 9pt;" class="_mt">Lender</font></b></p></td>
<td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><b><font style="font-size: 9pt;" class="_mt">Rate (a)</font></b></p></td>
<td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><b><font style="font-size: 9pt;" class="_mt">2010</font></b></p></td>
<td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><b><font style="font-size: 9pt;" class="_mt">2009</font></b></p></td>
<td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="60">
<p style="text-align: justify; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><b><font style="font-size: 9pt;" class="_mt">Maturity</font></b></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">105 Challenger Road</font><font style="font-size: 9pt;" class="_mt"> (b)</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Archon Financial CMBS</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">6.235%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">--</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">$ 19,408</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">--</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">2200 Renaissance Boulevard</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Wachovia CMBS</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">5.888%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">$ 16,285</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">16,619</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">12/01/12</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Soundview</font><font style="font-size: 9pt;" class="_mt"> Plaza</font><font style="font-size: 9pt;" class="_mt"> </font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Morgan Stanley Mortgage Capital</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">6.015%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">16,223</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">16,614</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">01/01/13</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">9200 Edmonston Road</font></p></td>
<td style="padding-bottom: 0in; padding-left: 2.9pt; width: 2in; padding-right: 2.9pt; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Principal Commercial Funding L.L.C.</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">5.534%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">4,687</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">4,804</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">05/01/13</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">6305 Ivy Lane</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">John Hancock Life Insurance Co.</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">5.525%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">6,531</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">6,693</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">01/01/14</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">395 West Passaic</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">State Farm Life Insurance Co.</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">6.004%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">11,389</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">11,735</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">05/01/14</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">6301 Ivy Lane</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">John Hancock Life Insurance Co.</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">5.520%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">6,152</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">6,297</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">07/01/14</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">35 Waterview Boulevard</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Wachovia CMBS</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">6.348%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">19,411</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">19,613</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">08/11/14</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">6 Becker, 85 Livingston,</font></p>
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt"> 75 Livingston & </font></p>
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt"> 20 Waterview</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="bottom" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Wachovia CMBS</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="bottom" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">10.220%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="bottom" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">61,013</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="bottom" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">60,409</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="bottom" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">08/11/14</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">4 Sylvan</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Wachovia CMBS</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">10.190%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">14,385</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">14,357</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">08/11/14</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">10 Independence</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Wachovia CMBS</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">12.440%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">15,536</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">15,339</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">08/11/14</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">4 Becker</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Wachovia CMBS</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">9.550%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">36,885</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">36,281</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">05/11/16</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">5 Becker</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Wachovia CMBS</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">12.830%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">11,472</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">11,111</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">05/11/16</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">210 Clay</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Wachovia CMBS</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">13.420%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">11,381</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">11,138</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">05/11/16</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">51 Imclone</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Wachovia CMBS</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">8.390%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">3,894</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">3,899</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">05/11/16</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Various (c)</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Prudential Insurance</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">6.332%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">150,000</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">150,000</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">01/15/17</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">23 Main Street</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">JPMorgan CMBS</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">5.587%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">31,667</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">32,042</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">09/01/18</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Harborside Plaza 5</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">The Northwestern Mutual Life Insurance Co. & New York Life Insurance Co.</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">6.842%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">235,220</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">237,248</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">11/01/18</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">100 Walnut Avenue</font><font style="font-size: 9pt;" class="_mt"> </font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Guardian Life Insurance Co.</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">7.311%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">19,491</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">19,600</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">02/01/19</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">One River Center (d)</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Guardian Life Insurance Co.</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 40.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="54">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">7.311%</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 1in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="96" colspan="3">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">44,650</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">44,900</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">02/01/19</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="154">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">581 Main Street</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Valley National Bank</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 0.75in; padding-right: 0.05in; padding-top: 0in;" valign="top" width="72" colspan="3">
<p style="text-align: right; margin: 0in 0.7pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">6.935% (e)</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 58.5pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="78">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">16,697</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">16,896</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="60">
<p style="margin: 0in 0in 0pt 0.9pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">07/01/34</font></p></td></tr>
<tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 1.6in; padding-right: 0.05in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="154">
<p style="text-align: center; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="center"> </p></td>
<td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 2in; padding-right: 0.05in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="192" colspan="2">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"> </p></td>
<td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 49.5pt; padding-right: 0.05in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="66" colspan="2">
<p style="text-align: right; margin: 0in 0.1in 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"> </p></td>
<td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="84" colspan="2">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"> </p></td>
<td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 2.15pt 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"> </p></td>
<td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="60">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"> </p></td></tr>
<tr><td style="border-bottom: windowtext 1.5pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 3.6in; padding-right: 0.05in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="346" colspan="3">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">Total mortgages, loans payable and other obligations</font></p></td>
<td style="border-bottom: windowtext 1.5pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 49.5pt; padding-right: 0.05in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="66" colspan="2">
<p style="text-align: right; margin: 0in 0.1in 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"> </p></td>
<td style="border-bottom: windowtext 1.5pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="84" colspan="2">
<p style="text-align: right; margin: 0in 0.05in 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">$732,969</font></p></td>
<td style="border-bottom: windowtext 1.5pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 63pt; padding-right: 0.05in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="84">
<p style="text-align: right; margin: 0in 0.05in 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"><font style="font-size: 9pt;" class="_mt">$755,003</font></p></td>
<td style="border-bottom: windowtext 1.5pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0.05in; width: 45pt; padding-right: 0.05in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="60">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="right"> </p></td></tr>
<tr><td style="border-bottom: medium none; border-left: medium none; border-top: medium none; border-right: medium none;" width="154"> </td>
<td style="border-bottom: medium none; border-left: medium none; border-top: medium none; border-right: medium none;" width="186"> </td>
<td style="border-bottom: medium none; border-left: medium none; border-top: medium none; border-right: medium none;" width="6"> </td>
<td style="border-bottom: medium none; border-left: medium none; border-top: medium none; border-right: medium none;" width="54"> </td>
<td style="border-bottom: medium none; border-left: medium none; border-top: medium none; border-right: medium none;" width="12"> </td>
<td style="border-bottom: medium none; border-left: medium none; border-top: medium none; border-right: medium none;" width="6"> </td>
<td style="border-bottom: medium none; border-left: medium none; border-top: medium none; border-right: medium none;" width="78"> </td>
<td style="border-bottom: medium none; border-left: medium none; border-top: medium none; border-right: medium none;" width="84"> </td>
<td style="border-bottom: medium none; border-left: medium none; border-top: medium none; border-right: medium none;" width="60"> </td></tr></table>
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"> </p>
<table style="border-collapse: collapse; font-family: 'Times New Roman','serif'; margin-left: 0px !important; font-size: 10pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="660">
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 495pt; padding-right: 0.05in; padding-top: 0in;" width="660">
<p style="text-align: justify; text-indent: -0.25in; margin: 0in 27.9pt 0pt 0.25in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">(a) Reflects effective rate of debt, including deferred financing costs, comprised of the cost of terminated treasury lock agreements (if any), debt initiation costs, mark-to-market adjustment of acquired debt and other transaction costs, as applicable.</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 495pt; padding-right: 0.05in; padding-top: 0in;" width="660">
<p style="text-align: justify; text-indent: -0.25in; margin: 0in 27.9pt 0pt 0.25in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">(b) On June 1, 2010, the Company transferred the deed for 105 Challenger Road to the lender in satisfaction of its obligations.</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 495pt; padding-right: 0.05in; padding-top: 0in;" width="660">
<p style="text-align: justify; text-indent: -0.25in; margin: 0in 36.9pt 0pt 0.25in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">(c) Mortgage is collateralized by seven properties. On January 15, 2010, the Company extended the mortgage loan until January 15, 2017 at an effective interest rate of 6.33 percent.</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 495pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="660">
<p style="text-align: justify; text-indent: -0.25in; margin: 0in 0.2in 0pt 0.25in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">(d) Mortgage is collateralized by the three properties comprising One River Center.</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0.05in; width: 495pt; padding-right: 0.05in; padding-top: 0in;" valign="top" width="660">
<p style="text-align: justify; text-indent: -0.25in; margin: 0in 36.9pt 0pt 0.25in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"><font style="font-size: 9pt;" class="_mt">(e) The coupon interest rate will be reset at the end of year 10 (2019) and year 20 (2029) at 225 basis points over the 10-year treasury yield 45 days prior to the reset dates with a minimum rate of 6.875 percent.</font></p></td></tr></table>
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoBodyText2"> </p>
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoBodyText2"><b>CASH PAID FOR INTEREST AND INTEREST CAPITALIZED</b></p>
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoBodyText3">Cash paid for interest for the nine months ended September 30, 2010 and 2009 was $127,257,000 and $109,718,000, respectively. Interest capitalized by the Company for the nine months ended September 30, 2010 and 2009 was $1,327,000 and $1,104,000, respectively.</p>
<p style="text-align: justify; margin: 0in -0.2in 0pt 0in; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal"> </p>
<h6 style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 11pt;"><font style="font-size: 10pt;" class="_mt">SUMMARY OF INDEBTEDNESS</font></h6>
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoBodyText2">As of September 30, 2010, the Company's total indebtedness of $2,166,160,000 (weighted average interest rate of 6.81 percent) was comprised of all fixed rate debt. As of December 31, 2009, the Company's total indebtedness of $2,337,437,000 (weighted average interest rate of 6.61 percent) was comprised of all fixed rate debt.</p></div> </div>
9. MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS
The Company has mortgages, loans payable and other obligations which
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Description of an entity's mortgages, loans payable and other obligations
No authoritative reference available.
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