0000924901 cli:SixPointOneFiveZeroPercentSeniorUnsecuredNotesDueDecemberFifteenTwoThousandTwelveMember 2010-12-31 0000924901 cli:SevenPointSevenFiveZeroPercentSeniorUnsecuredNotesDueAugustFifteenTwoThousandNineteenMember 2010-12-31 0000924901 cli:FourPointSixZeroZeroPercentSeniorUnsecuredNotesDueJuneFifteenTwoThousandThirteenMember 2010-12-31 0000924901 cli:FivePointTwoFiveZeroPercentSeniorUnsecuredNotesDueJanuaryFifteenTwoThousandTwelveMember 2010-12-31 0000924901 cli:FivePointOneTwoFivePercentSeniorUnsecuredNotesDueJanuaryFifteenTwoThousandFifteenMember 2010-12-31 0000924901 cli:FivePointOneTwoFivePercentSeniorUnsecuredNotesDueFebruaryFifteenTwoThousandFourteenMember 2010-12-31 0000924901 cli:FivePointEightZeroZeroPercentSeniorUnsecuredNotesDueJanuaryFifteenTwoThousandSixteenMember 2010-12-31 0000924901 cli:FivePointEightTwoZeroPercentSeniorUnsecuredNotesDueMarchFifteenTwoThousandThirteenMember 2010-12-31 0000924901 us-gaap:CommonStockMember 2011-01-01 2011-09-30 0000924901 us-gaap:RetainedEarningsMember 2011-09-30 0000924901 us-gaap:NoncontrollingInterestMember 2011-09-30 0000924901 us-gaap:AdditionalPaidInCapitalMember 2011-09-30 0000924901 us-gaap:RetainedEarningsMember 2010-12-31 0000924901 us-gaap:NoncontrollingInterestMember 2010-12-31 0000924901 us-gaap:AdditionalPaidInCapitalMember 2010-12-31 0000924901 us-gaap:PreferredStockMember 2011-09-30 0000924901 us-gaap:CommonStockMember 2011-09-30 0000924901 us-gaap:PreferredStockMember 2010-12-31 0000924901 us-gaap:CommonStockMember 2010-12-31 0000924901 us-gaap:RestrictedStockMember 2011-01-01 2011-09-30 0000924901 us-gaap:RestrictedStockMember 2011-09-30 0000924901 us-gaap:RestrictedStockMember 2010-12-31 0000924901 cli:TwoThousandDirectorAndEmployeePlanMember 2011-01-01 2011-09-30 0000924901 cli:OneNineNineFourEmployeePlanMember 2011-01-01 2011-09-30 0000924901 cli:EmployeePlanMember 2011-01-01 2011-09-30 0000924901 cli:OneGrandeCommonsMember 2011-09-30 0000924901 cli:VariousMember 2010-12-31 0000924901 cli:TwoThousandTwoHundredRenaissanceBoulevardMember 2010-12-31 0000924901 cli:TwoHundredTenClayMember 2010-12-31 0000924901 cli:TwentyThreeMainStreetMember 2010-12-31 0000924901 cli:ThreeHundredNinetyFiveWestPassaicMember 2010-12-31 0000924901 cli:ThirtyFiveWaterviewBoulevardMember 2010-12-31 0000924901 cli:TenIndependenceMember 2010-12-31 0000924901 cli:SoundviewPlazaMember 2010-12-31 0000924901 cli:SixThousandThreeHundredOneIvyLaneMember 2010-12-31 0000924901 cli:SixThousandThreeHundredFiveIvyLaneMember 2010-12-31 0000924901 cli:SixBeckerEightyFiveLivingstonSeventyFiveLivingstonAndTwentyWaterviewMember 2010-12-31 0000924901 cli:OneRiverCenterMember 2010-12-31 0000924901 cli:OneHundredWalnutAvenueMember 2010-12-31 0000924901 cli:OneGrandeCommonsMember 2010-12-31 0000924901 cli:NineThousandTwoHundredEdmonstonRoadMember 2010-12-31 0000924901 cli:HarborsidePlazaFiveMember 2010-12-31 0000924901 cli:FourSylvanMember 2010-12-31 0000924901 cli:FourBeckerMember 2010-12-31 0000924901 cli:FiveHundredEightyOneMainStreetMember 2010-12-31 0000924901 cli:FiveBeckerMember 2010-12-31 0000924901 cli:FiftyOneImcloneMember 2010-12-31 0000924901 us-gaap:FurnitureAndFixturesMember 2011-01-01 2011-09-30 0000924901 us-gaap:BuildingAndBuildingImprovementsMember 2011-01-01 2011-09-30 0000924901 us-gaap:SeriesCPreferredStockMember 2011-09-30 0000924901 cli:SeriesCCumulativeRedeemablePerpetualPreferredStockMember 2011-09-30 0000924901 us-gaap:RepurchaseOfEquityMember 2011-01-01 2011-09-30 0000924901 cli:PropertyLockUpsMember 2011-09-30 0000924901 cli:PropertyLockUpsExpiredMember 2011-09-30 0000924901 cli:GramercyAgreementMember 2010-01-01 2010-12-17 0000924901 cli:GaleJeffersonMember 2011-10-24 0000924901 cli:RedBankCorporatePlazaMember 2011-05-31 0000924901 cli:GramercyAgreementMember 2009-03-31 0000924901 cli:RevolvingCreditFacilityAndOtherVariableRateMortgageDebtMember 2011-09-30 0000924901 cli:FixedRateDebtAndOtherObligationsMember 2011-09-30 0000924901 cli:RevolvingCreditFacilityAndOtherVariableRateMortgageDebtMember 2010-12-31 0000924901 cli:FixedRateDebtAndOtherObligationsMember 2010-12-31 0000924901 cli:PreviousCreditFacilityMember 2011-09-30 0000924901 cli:PreviousCreditFacilityMember 2011-01-01 2011-09-30 0000924901 cli:MoneyMarketLoanMember 2011-09-30 0000924901 cli:MoneyMarketLoanMember 2010-12-31 0000924901 cli:GramercyAgreementMember 2008-01-01 2008-12-31 0000924901 cli:BostonDowntownCrossingMember 2008-01-01 2008-12-31 0000924901 cli:OperatingPartnershipLPMember 2010-09-30 0000924901 cli:MackGreenMember 2009-04-29 0000924901 cli:MCJeffersonMember 2007-08-22 0000924901 cli:OperatingPartnershipLPMember cli:MackGreenMember 2006-05-09 0000924901 us-gaap:RetainedEarningsMember 2011-01-01 2011-09-30 0000924901 2002-05-01 2002-05-31 0000924901 cli:SixPointOneFiveZeroPercentSeniorUnsecuredNotesDueDecemberFifteenTwoThousandTwelveMember 2011-01-01 2011-09-30 0000924901 cli:SevenPointSevenFiveZeroPercentSeniorUnsecuredNotesDueAugustFifteenTwoThousandNineteenMember 2011-01-01 2011-09-30 0000924901 cli:FourPointSixZeroZeroPercentSeniorUnsecuredNotesDueJuneFifteenTwoThousandThirteenMember 2011-01-01 2011-09-30 0000924901 cli:FivePointTwoFiveZeroPercentSeniorUnsecuredNotesDueJanuaryFifteenTwoThousandTwelveMember 2011-01-01 2011-09-30 0000924901 cli:FivePointOneTwoFivePercentSeniorUnsecuredNotesDueJanuaryFifteenTwoThousandFifteenMember 2011-01-01 2011-09-30 0000924901 cli:FivePointOneTwoFivePercentSeniorUnsecuredNotesDueFebruaryFifteenTwoThousandFourteenMember 2011-01-01 2011-09-30 0000924901 cli:FivePointEightZeroZeroPercentSeniorUnsecuredNotesDueJanuaryFifteenTwoThousandSixteenMember 2011-01-01 2011-09-30 0000924901 cli:FivePointEightTwoZeroPercentSeniorUnsecuredNotesDueMarchFifteenTwoThousandThirteenMember 2011-01-01 2011-09-30 0000924901 cli:VariousMember 2011-09-30 0000924901 cli:TwoThousandTwoHundredRenaissanceBoulevardMember 2011-09-30 0000924901 cli:TwoHundredTenClayMember 2011-09-30 0000924901 cli:TwentyThreeMainStreetMember 2011-09-30 0000924901 cli:ThreeHundredNinetyFiveWestPassaicMember 2011-09-30 0000924901 cli:ThirtyFiveWaterviewBoulevardMember 2011-09-30 0000924901 cli:TenIndependenceMember 2011-09-30 0000924901 cli:SoundviewPlazaMember 2011-09-30 0000924901 cli:SixThousandThreeHundredOneIvyLaneMember 2011-09-30 0000924901 cli:SixThousandThreeHundredFiveIvyLaneMember 2011-09-30 0000924901 cli:SixPointOneFiveZeroPercentSeniorUnsecuredNotesDueDecemberFifteenTwoThousandTwelveMember 2011-09-30 0000924901 cli:SixBeckerEightyFiveLivingstonSeventyFiveLivingstonAndTwentyWaterviewMember 2011-09-30 0000924901 cli:SevenPointSevenFiveZeroPercentSeniorUnsecuredNotesDueAugustFifteenTwoThousandNineteenMember 2011-09-30 0000924901 cli:OneRiverCenterMember 2011-09-30 0000924901 cli:OneHundredWalnutAvenueMember 2011-09-30 0000924901 cli:NineThousandTwoHundredEdmonstonRoadMember 2011-09-30 0000924901 cli:HarborsidePlazaFiveMember 2011-09-30 0000924901 cli:FourSylvanMember 2011-09-30 0000924901 cli:FourPointSixZeroZeroPercentSeniorUnsecuredNotesDueJuneFifteenTwoThousandThirteenMember 2011-09-30 0000924901 cli:FourBeckerMember 2011-09-30 0000924901 cli:FivePointTwoFiveZeroPercentSeniorUnsecuredNotesDueJanuaryFifteenTwoThousandTwelveMember 2011-09-30 0000924901 cli:FivePointOneTwoFivePercentSeniorUnsecuredNotesDueJanuaryFifteenTwoThousandFifteenMember 2011-09-30 0000924901 cli:FivePointOneTwoFivePercentSeniorUnsecuredNotesDueFebruaryFifteenTwoThousandFourteenMember 2011-09-30 0000924901 cli:FivePointEightZeroZeroPercentSeniorUnsecuredNotesDueJanuaryFifteenTwoThousandSixteenMember 2011-09-30 0000924901 cli:FivePointEightTwoZeroPercentSeniorUnsecuredNotesDueMarchFifteenTwoThousandThirteenMember 2011-09-30 0000924901 cli:FiveHundredEightyOneMainStreetMember 2011-09-30 0000924901 cli:FiveBeckerMember 2011-09-30 0000924901 cli:FiftyOneImcloneMember 2011-09-30 0000924901 cli:TwoThousandFourIncentiveStockPlanMember 2011-09-30 0000924901 2011-02-18 0000924901 cli:TwoThousandFourIncentiveStockPlanMember 2004-05-31 0000924901 cli:EmployeePlanMember 1994-12-31 0000924901 cli:EmployeeAndDirectorPlanMember 1994-12-31 0000924901 cli:DirectorPlanMember 1994-12-31 0000924901 2010-09-30 0000924901 2009-12-31 0000924901 cli:GaleKimballMember 2006-06-13 2006-06-15 0000924901 us-gaap:NoncontrollingInterestMember 2011-01-01 2011-09-30 0000924901 2011-10-24 0000924901 cli:BostonDowntownCrossingMember 2007-01-01 2007-01-29 0000924901 cli:PFVMember 2010-12-16 0000924901 cli:OperatingPartnershipLPMember 2007-12-31 0000924901 cli:GramercyAgreementMember 2009-04-28 2009-04-29 0000924901 cli:PFVMember 2010-12-31 0000924901 cli:CorporateAndOtherMember 2011-07-01 2011-09-30 0000924901 cli:ConstructionServicesMember 2011-07-01 2011-09-30 0000924901 cli:CorporateAndOtherMember 2011-01-01 2011-09-30 0000924901 cli:ConstructionServicesMember 2011-01-01 2011-09-30 0000924901 cli:CorporateAndOtherMember 2010-07-01 2010-09-30 0000924901 cli:ConstructionServicesMember 2010-07-01 2010-09-30 0000924901 cli:CorporateAndOtherMember 2010-01-01 2010-09-30 0000924901 cli:ConstructionServicesMember 2010-01-01 2010-09-30 0000924901 us-gaap:RealEstateMember 2011-07-01 2011-09-30 0000924901 us-gaap:RealEstateMember 2011-01-01 2011-09-30 0000924901 us-gaap:RealEstateMember 2010-07-01 2010-09-30 0000924901 us-gaap:RealEstateMember 2010-01-01 2010-09-30 0000924901 us-gaap:RealEstateMember 2011-09-30 0000924901 cli:CorporateAndOtherMember 2011-09-30 0000924901 cli:ConstructionServicesMember 2011-09-30 0000924901 us-gaap:RealEstateMember 2010-12-31 0000924901 cli:CorporateAndOtherMember 2010-12-31 0000924901 cli:ConstructionServicesMember 2010-12-31 0000924901 cli:VariousMember 2011-01-01 2011-09-30 0000924901 cli:TwoThousandTwoHundredRenaissanceBoulevardMember 2011-01-01 2011-09-30 0000924901 cli:TwoHundredTenClayMember 2011-01-01 2011-09-30 0000924901 cli:TwentyThreeMainStreetMember 2011-01-01 2011-09-30 0000924901 cli:ThreeHundredNinetyFiveWestPassaicMember 2011-01-01 2011-09-30 0000924901 cli:ThirtyFiveWaterviewBoulevardMember 2011-01-01 2011-09-30 0000924901 cli:TenIndependenceMember 2011-01-01 2011-09-30 0000924901 cli:SoundviewPlazaMember 2011-01-01 2011-09-30 0000924901 cli:SixThousandThreeHundredOneIvyLaneMember 2011-01-01 2011-09-30 0000924901 cli:SixThousandThreeHundredFiveIvyLaneMember 2011-01-01 2011-09-30 0000924901 cli:SixBeckerEightyFiveLivingstonSeventyFiveLivingstonAndTwentyWaterviewMember 2011-01-01 2011-09-30 0000924901 cli:OneRiverCenterMember 2011-01-01 2011-09-30 0000924901 cli:OneHundredWalnutAvenueMember 2011-01-01 2011-09-30 0000924901 cli:NineThousandTwoHundredEdmonstonRoadMember 2011-01-01 2011-09-30 0000924901 cli:HarborsidePlazaFiveMember 2011-01-01 2011-09-30 0000924901 cli:FourSylvanMember 2011-01-01 2011-09-30 0000924901 cli:FourBeckerMember 2011-01-01 2011-09-30 0000924901 cli:FiveBeckerMember 2011-01-01 2011-09-30 0000924901 cli:FiftyOneImcloneMember 2011-01-01 2011-09-30 0000924901 us-gaap:ContingentlyIssuableSharesMember 2011-09-30 0000924901 us-gaap:RetailSiteMember 2011-01-01 2011-09-30 0000924901 us-gaap:BuildingMember 2011-01-01 2011-09-30 0000924901 cli:OfficeAndOfficeFlexBuildingsMember 2011-01-01 2011-09-30 0000924901 cli:LandSubjectToLeaseMember 2011-01-01 2011-09-30 0000924901 cli:IndustrialAndWarehouseFacilitiesMember 2011-01-01 2011-09-30 0000924901 cli:HotelsMember 2011-01-01 2011-09-30 0000924901 cli:FiftyFiveCorporateMember 2011-01-01 2011-09-30 0000924901 2010-01-01 2010-06-01 0000924901 cli:PropertyLockUpsExpiredMember 2011-01-01 2011-09-30 0000924901 cli:PropertyLockUpsMember 2011-01-01 2011-09-30 0000924901 us-gaap:SeriesCPreferredStockMember 2011-09-30 0000924901 2010-01-01 2010-12-31 0000924901 cli:GramercyAgreementMember 2009-04-29 0000924901 cli:HarborsidePlaza5AgreementMember 2011-07-01 2011-09-30 0000924901 cli:HarborsidePlaza4AgreementMember 2011-07-01 2011-09-30 0000924901 cli:HarborsidePlaza5AgreementMember 2010-07-01 2010-09-30 0000924901 cli:HarborsidePlaza4AgreementMember 2010-07-01 2010-09-30 0000924901 cli:HarborsidePlaza5AgreementMember 2010-01-01 2010-09-30 0000924901 cli:HarborsidePlaza4AgreementMember 2010-01-01 2010-09-30 0000924901 cli:GramercyAgreementMember 2010-01-01 2010-03-31 0000924901 cli:OperatingPartnershipLPMember 2007-10-01 2007-12-31 0000924901 cli:FiftyFiveCorporateMember 2011-09-30 0000924901 2011-02-17 2011-02-18 0000924901 cli:OperatingPartnershipLPMember 2009-03-31 0000924901 cli:GaleJeffersonMember 2011-10-23 2011-10-24 0000924901 cli:RedBankCorporatePlazaMember 2011-01-01 2011-03-31 0000924901 cli:OperatingPartnershipLPMember 2009-01-01 2009-03-31 0000924901 cli:GramercyAgreementMember 2009-01-01 2009-03-31 0000924901 cli:PFVMember 2011-07-01 2011-09-30 0000924901 cli:GaleJeffersonMember 2011-07-01 2011-09-30 0000924901 cli:PFVMember 2011-01-01 2011-09-30 0000924901 cli:GaleJeffersonMember 2011-01-01 2011-09-30 0000924901 cli:PFVMember 2010-07-01 2010-09-30 0000924901 cli:GaleKimballMember 2010-07-01 2010-09-30 0000924901 cli:PFVMember 2010-01-01 2010-09-30 0000924901 cli:GaleKimballMember 2010-01-01 2010-09-30 0000924901 cli:MoneyMarketLoanMember 2011-01-01 2011-09-30 0000924901 cli:NoRatingsOrLessThanBbbMinusBaaThreeMember 2011-01-01 2011-09-30 0000924901 cli:MinusOrThreeOrHigherMember 2011-01-01 2011-09-30 0000924901 cli:BbbPlusOrBaaOneMember 2011-01-01 2011-09-30 0000924901 cli:BbbOrBaaTwoCurrentMember 2011-01-01 2011-09-30 0000924901 cli:BbbMinusOrBaaThreeMember 2011-01-01 2011-09-30 0000924901 cli:OneGrandeCommonsMember 2011-01-01 2011-09-30 0000924901 cli:FiveHundredEightyOneMainStreetMember 2011-01-01 2011-09-30 0000924901 cli:GaleJeffersonMember 2007-08-21 2007-08-22 0000924901 cli:BostonDowntownCrossingMember 2006-10-01 2006-10-31 0000924901 cli:GramercyAgreementMember 2006-05-08 2006-05-09 0000924901 cli:HarborsidePlaza5AgreementMember 2011-01-01 2011-09-30 0000924901 cli:HarborsidePlaza4AgreementMember 2011-01-01 2011-09-30 0000924901 cli:TwelveVreelandMember 2011-09-30 0000924901 cli:PrincetonForrestalVillageMember 2011-09-30 0000924901 cli:PlazaEightAndNineAssociatesMember 2011-09-30 0000924901 cli:HarborsideSouthPierMember 2011-09-30 0000924901 cli:GramercyAgreementMember 2011-09-30 0000924901 cli:GaleKimballMember 2011-09-30 0000924901 cli:GaleJeffersonMember 2011-09-30 0000924901 cli:BostonDowntownCrossingMember 2011-09-30 0000924901 cli:TwelveVreelandMember 2010-12-31 0000924901 cli:RedBankCorporatePlazaMember 2010-12-31 0000924901 cli:PrincetonForrestalVillageMember 2010-12-31 0000924901 cli:PlazaEightAndNineAssociatesMember 2010-12-31 0000924901 cli:HarborsideSouthPierMember 2010-12-31 0000924901 cli:GramercyAgreementMember 2010-12-31 0000924901 cli:GaleKimballMember 2010-12-31 0000924901 cli:GaleJeffersonMember 2010-12-31 0000924901 cli:BostonDowntownCrossingMember 2010-12-31 0000924901 cli:BostonDowntownCrossingMember 2011-07-01 2011-09-30 0000924901 cli:BostonDowntownCrossingMember 2011-01-01 2011-09-30 0000924901 cli:GaleJeffersonMember 2010-07-01 2010-09-30 0000924901 cli:BostonDowntownCrossingMember 2010-07-01 2010-09-30 0000924901 cli:GaleJeffersonMember 2010-01-01 2010-09-30 0000924901 cli:BostonDowntownCrossingMember 2010-01-01 2010-09-30 0000924901 cli:TwelveVreelandMember 2011-07-01 2011-09-30 0000924901 cli:RedBankCorporatePlazaMember 2011-07-01 2011-09-30 0000924901 cli:PlazaEightAndNineAssociatesMember 2011-07-01 2011-09-30 0000924901 cli:HarborsideSouthPierMember 2011-07-01 2011-09-30 0000924901 cli:GramercyAgreementMember 2011-07-01 2011-09-30 0000924901 cli:TwelveVreelandMember 2011-01-01 2011-09-30 0000924901 cli:RedBankCorporatePlazaMember 2011-01-01 2011-09-30 0000924901 cli:PlazaEightAndNineAssociatesMember 2011-01-01 2011-09-30 0000924901 cli:HarborsideSouthPierMember 2011-01-01 2011-09-30 0000924901 cli:GramercyAgreementMember 2011-01-01 2011-09-30 0000924901 cli:TwelveVreelandMember 2010-07-01 2010-09-30 0000924901 cli:RedBankCorporatePlazaMember 2010-07-01 2010-09-30 0000924901 cli:PrincetonForrestalVillageMember 2010-07-01 2010-09-30 0000924901 cli:PlazaEightAndNineAssociatesMember 2010-07-01 2010-09-30 0000924901 cli:HarborsideSouthPierMember 2010-07-01 2010-09-30 0000924901 cli:GramercyAgreementMember 2010-07-01 2010-09-30 0000924901 cli:TwelveVreelandMember 2010-01-01 2010-09-30 0000924901 cli:RedBankCorporatePlazaMember 2010-01-01 2010-09-30 0000924901 cli:PrincetonForrestalVillageMember 2010-01-01 2010-09-30 0000924901 cli:PlazaEightAndNineAssociatesMember 2010-01-01 2010-09-30 0000924901 cli:HarborsideSouthPierMember 2010-01-01 2010-09-30 0000924901 cli:GramercyAgreementMember 2010-01-01 2010-09-30 0000924901 cli:GaleKimballMember 2010-01-01 2010-12-31 0000924901 us-gaap:RepurchaseOfEquityMember 2011-09-30 0000924901 2011-10-05 0000924901 2011-01-05 0000924901 2010-07-01 2010-09-30 0000924901 2010-01-01 2010-09-30 0000924901 2011-07-01 2011-09-30 0000924901 2010-10-01 2010-12-31 0000924901 cli:RedBankCorporatePlazaMember 2011-09-30 0000924901 cli:GaleJeffersonMember 2007-08-22 0000924901 cli:BostonDowntownCrossingMember 2006-10-31 0000924901 cli:TwelveVreelandMember 2006-09-08 0000924901 cli:GaleKimballMember 2006-06-15 0000924901 cli:PFVMember 2006-05-09 0000924901 cli:OperatingPartnershipLPMember 2006-05-09 0000924901 cli:GramercyAgreementMember 2010-12-17 0000924901 cli:GramercyAgreementMember 2010-03-31 0000924901 cli:MackGreenMember 2006-05-08 2006-05-09 0000924901 cli:PFVMember 2006-05-07 2006-05-09 0000924901 2011-09-30 0000924901 2010-12-31 0000924901 us-gaap:PreferredStockMember 2011-01-01 2011-09-30 0000924901 us-gaap:AdditionalPaidInCapitalMember 2011-01-01 2011-09-30 0000924901 2011-01-01 2011-09-30 cli:years xbrli:shares iso4217:USD xbrli:shares xbrlus:sqft xbrli:pure iso4217:USD -24836000 164000 -25000000 120580000 125383000 1800000 125000000 203000 121314 198376 3500000 527015 175000 139750 1200000 100010 92878 0.45 0.45 13196000 13073000 12864000 12799000 13007668 13007668 12771105 12771105 -236563 September 12, 2007 261430000 275122000 <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Deferred</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 121px;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Financing&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs</font></font></div></td> <td width="1516"> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Costs incurred in obtaining financing are capitalized and amortized over the term of the related indebtedness. Amortization of such costs is included in interest expense and was $<font class="_mt">584,000</font> and $<font class="_mt">646,000</font> for the three months ended September 30, 2011 and 2010, respectively, and $<font class="_mt">1,752,000</font> and $<font class="_mt">2,021,000</font> for the nine months ended September 30, 2011 and 2010, respectively.</font></div></td></tr></table></div></div> <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Deferred</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Leasing Costs</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Costs incurred in connection with leases are capitalized and amortized on a straight-line basis over the terms of the related leases and included in depreciation and amortization.&nbsp;&nbsp;Unamortized deferred leasing costs are charged to amortization expense upon early termination of the lease. Certain employees of the Company are compensated for providing leasing services to the Properties.&nbsp;&nbsp;The portion of such compensation, which is capitalized and amortized, approximated $<font class="_mt">1,099,000</font> and $<font class="_mt">872,000</font> for the three months ended September 30, 2011 and 2010, respectively, and $<font class="_mt">3,135,000</font> and $<font class="_mt">2,728,000</font> for the nine months ended September&nbsp;30,&nbsp;2011 and 2010, respectively.</font></div></td></tr></table></div></div> 84236 93773 9411 10620 first quarter of 2013 1/100<font style="display: inline; font-size: 9px; vertical-align: text-top;" class="_mt">th</font> 1000000 25 409000 0.50 5400000 438000 1280000 <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Dividends and</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Distributions</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Payable</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The dividends and distributions payable at September 30, 2011 represents dividends payable to preferred shareholders (<font class="_mt">10,000</font> shares) and common shareholders (<font class="_mt">87,142,004</font> shares), and distributions payable to noncontrolling interest common unitholders of the Operating Partnership (<font class="_mt">12,771,105</font> common units) for all such holders of record as of October 5, 2011 with respect to the third quarter 2011.&nbsp;&nbsp;The third quarter 2011 preferred stock dividends of $<font class="_mt">50.00</font> per share, common stock dividends and common unit distributions of $<font class="_mt">0.45</font> per common share and unit were approved by the Board of Directors on September 14, 2011.&nbsp;&nbsp;The common stock dividends and common unit distributions payable were paid on October 11, 2011.&nbsp;&nbsp;The preferred stock dividends payable were paid on October 17, 2011.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The dividends and distributions payable at December 31, 2010 represents dividends payable to preferred shareholders (<font class="_mt">10,000</font> shares) and common shareholders (<font class="_mt">79,605,542</font> shares), and distributions payable to noncontrolling interest common unitholders of the Operating Partnership (<font class="_mt">13,007,668</font> common units) for all such holders of record as of January &nbsp;5, 2011 with respect to the fourth quarter 2010.&nbsp;&nbsp;The fourth quarter 2010 preferred stock dividends of $<font class="_mt">50.00</font> per share, common stock dividends and common unit distributions of $<font class="_mt">0.45</font> per common share and unit were approved by the Board of Directors on December 7, 2010.&nbsp;&nbsp;The common stock dividends, common unit distributions and preferred stock dividends payable were paid on January&nbsp;14, 2011.</font></div></div> -11392000 -3058000 -3742000 -460000 -2509000 -676000 -947000 -3898000 -1106000 -1307000 -154000 -790000 -225000 -316000 -8064000 -1781000 -4254000 -460000 -677000 -892000 -2505000 -449000 -1415000 -154000 -226000 -261000 -6944000 -1887000 -3320000 -1274000 -252000 -211000 -2317000 -606000 -1134000 -422000 -83000 -72000 -5029000 -1167000 -3357000 -376000 -129000 -1704000 -384000 -1112000 -167000 -41000 -29616000 -890000 -136000 -4453000 -17627000 -154000 -5515000 -694000 -147000 -10912000 -381000 16000 -1464000 -6751000 -58000 -1954000 -263000 -57000 -23739000 -1113000 -2860000 -18860000 -160000 -601000 -145000 -8008000 -362000 -968000 -6296000 -58000 -231000 -93000 76041000 46111000 2440000 51000 6261000 11681000 906000 1435000 6422000 734000 70871000 46080000 2657000 44000 5767000 12430000 746000 181000 2791000 175000 7305000 1719000 4356000 529000 612000 89000 6592000 1196000 4745000 532000 61000 58000 152372000 40786000 64964000 8947000 23594000 14081000 145438000 39578000 60937000 8488000 23020000 13415000 146731000 50978000 72168000 20424000 3161000 141974000 50978000 70964000 18280000 1752000 49500000 170900000 <div class="MetaData"> <p><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">The Mack-Green operating agreement generally provided for profits and losses to be allocated as follows:</font></font> </p> <table style="line-height: 115%; width: 100%; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 0.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="24"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"> </p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 27pt; padding-right: 0in; padding-top: 0in;" valign="top" width="36"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">(i)</font> </p></td> <td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="top"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">99 percent of Mack-Green's share of the profits and losses from 10 specific OPLP Properties allocable to the Company and one percent allocable to SL Green;</font> </p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 0.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="24"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"> </p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 27pt; padding-right: 0in; padding-top: 0in;" valign="top" width="36"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">(ii)</font> </p></td> <td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="top"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">one percent of Mack-Green's share of the profits and losses from eight specific OPLP Properties and its minor interest in four office properties allocable to the Company and 99 percent allocable to SL Green; and</font> </p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 0.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="24"> </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 27pt; padding-right: 0in; padding-top: 0in;" valign="top" width="36"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">(iii)</font> </p></td> <td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="top"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">50 percent of all other profits and losses allocable to the Company and 50 percent allocable to SL Green.</font> </p></td></tr></table></div> <div> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Distributions will generally be in proportion to its members' respective ownership interests and, depending upon the development unit, promotes will be available to specified partners after the achievement of certain internal rates of return ranging from 10 to 15 percent.</font></font> </p></div> <div class="MetaData"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">The operating agreement of M-C Jefferson provides, among other things, for the Participation Rights (see Note 15: Noncontrolling Interests in Subsidiaries &#8211; Participation Rights).&nbsp;&nbsp;The operating agreements of Gale Jefferson, L.L.C. ("Gale Jefferson"), which is owned 33.33 percent by M-C Jefferson and 66.67 percent by the Hampshire Generational Fund, L.L.C. ("Hampshire") provides, among other things, for the distribution of net cash flow, first, in accordance with its member's respective interests until each member is provided, as a result of such distributions, with an annual 12 percent compound return on the Member's Capital Contributions, as defined in the operating agreement and secondly, 50 percent to each of the Company and Hampshire.</font></font> </p></div> <font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Under the operating agreement of 12 Vreeland Associates, L.L.C., M-C Vreeland has a 50 percent interest, with S/K Florham Park Associates, L.L.C. (the managing member) and its affiliate holding the other 50 percent.</font> 49299000 15189000 61593000 23515000 4021000 -4980000 -5653000 225 0.10 <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 94.5pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Costs Incurred</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">For Stock</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Issuances</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Costs incurred in connection with the Company's stock issuances are reflected as a reduction of additional paid-in capital.</font></div></td></tr></table></div></div> 15 years and 3 months, subject to two extension options of between five and 10 years each LIBOR +2.00% 0.0024 20 35.0 25.0 20.0 17.5 45.0 300000000 1000000000 5500000 150.0 125.0 107.5 100.0 185.0 20 30 days or less 5500000 2020-08-01 4098872000 4047921000 0.0597 0.0652 467500 213300 690000 992000 72000 336000 71000 223000 371000 24000 118000 382000 87000 72000 39000 108000 0 24000 May&nbsp;2009 May 2016 May 2011 October 24, 2011 November 2016 May 17, 2016 July 1, 2012 October 24, 2012 185000000 957498000 <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="display: inline; text-decoration: underline;" class="_mt">MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company has mortgages, loans payable and other obligations which primarily consist of various loans collateralized by certain of the Company's rental properties.&nbsp;&nbsp;As of September 30, 2011,&nbsp;<font class="_mt">32</font> of the Company's properties, with a total book value of approximately $<font class="_mt">957,498,000</font> are encumbered by the Company's mortgages and loans payable.&nbsp;&nbsp;Payments on mortgages, loans payable and other obligations are generally due in monthly installments of principal and interest, or interest only.</font></div><br /> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">A summary of the Company's mortgages, loans payable and other obligations as of September 30, 2011 and December&nbsp;31, 2010 is as follows:&nbsp;<font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div class="MetaData"> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="top" width="26%">&nbsp;</td> <td valign="top" width="27%" colspan="2">&nbsp;</td> <td valign="top" width="11%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Effective</font></div></td> <td valign="top" width="22%" colspan="3">&nbsp;</td> <td valign="top" width="9%">&nbsp;</td></tr> <tr><td valign="top" width="26%">&nbsp;</td> <td valign="top" width="29%" colspan="3">&nbsp;</td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Interest</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">September 30,</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">December 31,</font></div></td> <td valign="top" width="9%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Property Name</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Lender</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Rate (a)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="9%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">&nbsp;&nbsp;&nbsp; Maturity</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">One Grande Commons (b)</font></div></td> <td valign="top" width="23%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Capital One Bank</font></div></td> <td valign="top" width="15%" colspan="3" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">LIBOR +2.00%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;11,000</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;11,000</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12/31/11</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.9pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2200 Renaissance Boulevard (c)</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.888%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,171</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,171</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12/01/12</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Soundview Plaza</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Morgan Stanley Mortgage Capital</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.015%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,674</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,089</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">01/01/13</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">9200 Edmonston Road</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Principal Commercial Funding L.L.C.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.534%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,522</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,646</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/01/13</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6305 Ivy Lane</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">John Hancock Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.525%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,304</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,475</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">01/01/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">395 West Passaic</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">State Farm Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.004%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">10,905</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,270</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/01/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6301 Ivy Lane</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">John Hancock Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.520%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5,951</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,103</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">07/01/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">35 Waterview Boulevard</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.348%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">19,126</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">19,341</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">08/11/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6 Becker, 85 Livingston,</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;75 Livingston &amp;</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;20 Waterview</font></div></td> <td valign="bottom" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="bottom" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">10.220%</font></div></td> <td valign="bottom" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">61,893</font></div></td> <td valign="bottom" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">61,224</font></div></td> <td valign="bottom" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">08/11/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4 Sylvan</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">10.190%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">14,427</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">14,395</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">08/11/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">10 Independence</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12.440%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,829</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,606</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">08/11/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4 Becker</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">9.550%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">37,655</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">37,096</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/11/16</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5 Becker</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12.830%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,954</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,599</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/11/16</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">210 Clay</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13.420%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,745</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,467</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/11/16</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">51 Imclone</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">8.390%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">3,888</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">3,893</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/11/16</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Various (d)</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Prudential Insurance</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.332%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">150,000</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">150,000</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">01/15/17</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">23 Main Street</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">JPMorgan CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.587%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">31,139</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">31,537</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">09/01/18</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside Plaza 5</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">The Northwestern Mutual Life Insurance Co. &amp; New York Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.842%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">232,351</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">234,521</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11/01/18</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">100 Walnut Avenue</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Guardian Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7.311%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">19,293</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">19,443</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">02/01/19</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">One River Center (e)</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Guardian Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7.311%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">44,197</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">44,540</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">02/01/19</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">581 Main Street</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Valley National Bank</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="10%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.935% (f)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,413</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,627</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">07/01/34</font></div></td></tr> <tr><td valign="top" width="26%">&nbsp;</td> <td valign="top" width="29%" colspan="3">&nbsp;</td> <td valign="top" width="9%">&nbsp;</td> <td valign="top" width="12%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="9%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="55%" colspan="4" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total mortgages, loans payable and other obligations</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="9%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 740,437</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$743,043</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="9%">&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="middle" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 27.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(a)&nbsp; <font class="_mt">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></font></div></td></tr> <tr><td valign="middle" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 27.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(b)&nbsp; <font class="_mt">The mortgage loan has three one-year extension options subject to certain conditions and the payment of a fee.</font></font></div></td></tr> <tr><td valign="middle" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 27.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(c)&nbsp; <font class="_mt">The property does not generate sufficient cash flow to meet debt service requirements.&nbsp;&nbsp;As a result, beginning January 2011, debt service has not been made and a modification of the loan terms has been requested from the lender.</font></font></div></td></tr> <tr><td valign="middle" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 36.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(d)&nbsp; <font class="_mt">Mortgage is collateralized by seven properties. The Operating Partnership has agreed, subject to certain conditions, to guarantee repayment of a portion of the loan.</font></font></div></td></tr> <tr><td valign="top" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 14.4pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(e)&nbsp; <font class="_mt">Mortgage is collateralized by the three properties comprising One River Center.</font></font></div></td></tr> <tr><td valign="top" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 36.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(f)&nbsp; <font class="_mt">The coupon interest rate will be reset at the end of year 10 (2019) and year 20 (2029) at&nbsp;<font class="_mt">225</font> basis points over the 10-year treasury yield 45 days prior to the reset dates with a minimum rate of&nbsp;<font class="_mt">6.875</font> percent.</font></font></div></td></tr></table></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">CASH PAID FOR INTEREST AND INTEREST CAPITALIZED</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Cash paid for interest for the nine months ended September 30, 2011 and 2010 was $<font class="_mt">99,089,000</font> and $<font class="_mt">127,257,000</font>, respectively.&nbsp;&nbsp;Interest capitalized by the Company for the nine months ended September 30, 2011 and 2010 was $<font class="_mt">875,400</font> and $<font class="_mt">1,327,000</font>, respectively.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">SUMMARY OF INDEBTEDNESS</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">As of September 30, 2011, the Company's total indebtedness of $<font class="_mt">1,886,500,000</font> (weighted average interest rate of&nbsp;<font class="_mt">6.52</font>&nbsp;percent) was comprised of $<font class="_mt">38,000,000</font> of revolving credit facility borrowings and other variable rate mortgage debt (weighted average rate of&nbsp;<font class="_mt">1.38</font> percent) and fixed rate debt and other obligations of $<font class="_mt">1,848,500,000</font> (weighted average rate of&nbsp;<font class="_mt">6.63</font> percent).</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">As of December 31, 2010, the Company's total indebtedness of $<font class="_mt">2,089,494,000</font> (weighted average interest rate of&nbsp;<font class="_mt">5.97</font> percent) was comprised of $<font class="_mt">239,000,000</font> of revolving credit facility borrowings and other variable rate mortgage debt (weighted average rate of&nbsp;<font class="_mt">0.90</font> percent) and fixed rate debt and other obligations of $<font class="_mt">1,850,494,000</font> (weighted average rate of&nbsp;<font class="_mt">6.62</font> percent).</font></div> 194460000 63559000 207863000 72581000 227400000 668000 25 1 1 32 8 1 401077000 134872000 337903000 105113000 388000 102000 305000 102000 <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Other</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Comprehensive</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Income</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Other comprehensive income (loss) includes items that are recorded in equity, such as unrealized holding gains or losses on marketable securities available for sale.</font></div></td></tr></table></div></div> 2400000 0.02 0.02 958000 3000000 407000 1300000 742000 2600000 247000 854000 0.75 0.50 0.90 50.00 25000000 20 20 2016 1700000000 132200000 150050 05/01/11 55 Corporate Drive Bridgewater, New Jersey 278 1 6 3 266 8 2 32400000 387400 32000000 1200000 17300 5 4447000 9400000 57877000 52224000 1700000 63000 55000 88000 84000 98524 7 1 <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="top" width="68%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="16%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">December 31,</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="font-style: italic; display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(dollars in thousands)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td></tr> <tr><td valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deferred leasing costs</font></div></td> <td style="text-align: right;" valign="top" width="16%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 21.6pt;" class="_mt"> </font>$254,959</font></div></td> <td style="text-align: right;" valign="top" width="12%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 17.1pt;" class="_mt"> </font>$241,281</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deferred financing costs</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20,163</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20,149</font></div></td></tr> <tr><td valign="top" width="68%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">275,122</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">261,430</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Accumulated amortization</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(125,383)</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="12%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 5.4pt;" class="_mt"> </font>(120,580)</font></div></td></tr> <tr><td valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deferred charges, net</font></div></td> <td valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">149,739</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">140,850</font></div></td></tr> <tr><td valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">In-place lease values, related intangible and other assets, net</font></div></td> <td valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">31,230</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">41,155</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Prepaid expenses and other assets, net</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">36,881</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">30,033</font></div></td></tr> <tr><td valign="top" width="68%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="16%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total deferred charges and other assets, net</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="16%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 21.6pt;" class="_mt"> </font>$217,850</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="12%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 17.1pt;" class="_mt"> </font>$212,038</font></div></td></tr></table> <div class="MetaData"> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><br /></font></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td style="border-bottom: black 2px solid;" valign="middle" width="71%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font> </div></td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="middle" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="11%">&nbsp; </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Assets:</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Rental property, net</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 8,488</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 60,937</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 23,020</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 39,578</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 13,415</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 145,438</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Other assets</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">746</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12,430</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2,791</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5,767</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">175</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,080</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,657</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">70,871</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total assets</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 9,234</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 73,367</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 25,811</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 45,345</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 13,590</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,080</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,657</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 216,309</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Liabilities and</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">&nbsp;partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">&nbsp;capital (deficit):</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Mortgages, loans</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;payable and other</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;obligations</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 70,964</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 18,280</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 50,978</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;1,752</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 141,974</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Other liabilities</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;532</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,745</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">58</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">1,196</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,592</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;capital (deficit)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">8,702</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,342)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7,473</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(6,829)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">120</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,838</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,080</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,657</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">67,743</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total liabilities and</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;capital (deficit)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 9,234</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 73,367</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 25,811</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 45,345</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 13,590</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,080</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,657</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 216,309</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;investment</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;in unconsolidated</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures, net</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 4,273</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(70)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;3,607</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 10,103</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 13,015</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 1,063</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;31,991</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr></table></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><br /></font></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><br /></font></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td style="border-bottom: black 2px solid;" valign="middle" width="71%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">December 31, 2010</font> </div></td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="middle" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="11%">&nbsp; </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Assets:</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Rental property, net</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 8,947</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 64,964</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 23,594</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 40,786</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 14,081</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 152,372</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Other assets</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">906</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,681</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,422</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,261</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;1,435</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">734</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,111</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,440</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">76,041</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total assets</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 9,853</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 76,645</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 30,016</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 47,047</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;1,435</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 14,815</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,111</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,440</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 228,413</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Liabilities and</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">&nbsp;partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">&nbsp;capital (deficit):</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Mortgages, loans</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;payable and other</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;obligations</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 72,168</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 20,424</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 50,978</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;3,161</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 146,731</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Other liabilities</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;529</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,356</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">89</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">1,719</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7,305</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;capital (deficit)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">9,324</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">121</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">9,503</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(5,650)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">823</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,654</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,111</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,440</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">74,377</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total liabilities and</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;capital (deficit)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 9,853</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 76,645</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 30,016</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 47,047</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;1,435</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 14,815</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,111</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,440</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 228,413</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;investment</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;in unconsolidated</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures, net</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 4,584</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;1,161</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;4,598</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;9,860</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 13,022</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;995</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;34,220</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr></table></div></div> <div class="MetaData"> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td></tr> <tr><td style="padding-bottom: 2px;" valign="middle" width="14%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="66%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Three Months Ended September 30, 2011</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total revenues</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;272</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;9,558</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;832</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;1,340</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;12,740</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Operating and other</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(58)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(6,296)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(231)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(968)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(93)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;(362)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(8,008)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Depreciation and amortization</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(154)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,415)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(226)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(449)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(261)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,505)</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Interest expense</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,112)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(167)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(384)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(41)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,704)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(461)</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(362)</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's equity in earnings</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;(loss) of unconsolidated</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(115)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539</font> </div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td></tr> <tr><td style="padding-bottom: 2px;" valign="middle" width="14%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="66%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Three Months Ended September 30, 2010</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total revenues</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;221</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;9,916</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;2,692</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;3,149</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;17,474</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Operating and other</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(58)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(6,751)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(263)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,464)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,954)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(57)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;(381)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(10,912)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Depreciation and amortization</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(154)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,307)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(225)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,106)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(790)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(316)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,898)</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Interest expense</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,134)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(83)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(606)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(422)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(72)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,317)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(484)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(381)</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's equity in earnings</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;(loss) of unconsolidated</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(114)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475</font> </div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">SUMMARIES OF UNCONSOLIDATED JOINT VENTURES</font></font> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The following is a summary of the results of operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the nine months ended September&nbsp;30, 2011 and 2010.&nbsp;&nbsp;<font style="font-style: italic; display: inline; font-size: 10pt;" class="_mt">(dollars in thousands)</font></font></font> </div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td></tr> <tr><td style="padding-bottom: 2px;" valign="middle" width="14%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="66%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Nine Months Ended September 30, 2011</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total revenues</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;28,008</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,424</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;4,674</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;1,653</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;217</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,697</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Operating and other</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(160)</font> </div></td> <td style="text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(18,860)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(601)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,860)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(145)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;(1,113)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(23,739)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Depreciation and amortization</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(460)</font> </div></td> <td style="text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(4,254)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(677)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,781)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(892)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(8,064)</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Interest expense</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,357)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(376)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,167)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(129)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(5,029)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,537</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;(1,134)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;(1,113)</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;217</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's equity in earnings</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;(loss) of unconsolidated</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(340)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,174</font> </div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td></tr> <tr><td style="padding-bottom: 2px;" valign="middle" width="14%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="66%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Nine Months Ended September 30, 2010</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total revenues</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;24,300</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,407</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;17,200</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;9,577</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;1,593</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56,938</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Operating and other</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(154)</font> </div></td> <td style="text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(17,627)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(694)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(4,453)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(5,515)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(147)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(890)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ (136)</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(29,616)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Depreciation and amortization</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(460)</font> </div></td> <td style="text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,742)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(676)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,058)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,509)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(947)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(11,392)</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Interest expense</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,320)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(252)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,887)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,274)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(211)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(6,944)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59</font> </div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(389)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,785</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;7,802</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(890)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ (136)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,986</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's equity in earnings</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;(loss) of unconsolidated</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30</font> </div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="7%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(267)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(267)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;(38)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213</font> </div></td></tr></table></div><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <table style="font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0" width="85%"> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Leasehold interests</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Remaining lease term</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Buildings and improvements</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">5 </font></font>to&nbsp;<font class="_mt">40</font> years</font></div></td></tr> <tr><td valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Tenant improvements</font></div></td> <td valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">The shorter of the term of the</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">related lease or useful life</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Furniture, fixtures and equipment</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">5 </font></font>to&nbsp;<font class="_mt">10</font> years</font></div></td></tr></table> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Year</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Amount</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">October 1 through December 31, 2011</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 165.6pt;" class="_mt"> </font>$149,754</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2012</font></div></td> <td valign="top" width="40%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">576,565</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2013</font></div></td> <td valign="top" width="40%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">503,946</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2014</font></div></td> <td valign="top" width="40%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">437,558</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2015</font></div></td> <td valign="top" width="40%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">367,644</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2016 and thereafter</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="40%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">1,450,215</font></div></td></tr> <tr><td valign="top" width="40%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="40%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 165.6pt;" class="_mt"> </font>$3,485,682</font></div></td></tr></table> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="top" width="40%">&nbsp;</td> <td valign="top" width="19%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Three Months Ended</font></div></td> <td valign="top" width="19%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Nine Months Ended</font></div></td></tr> <tr><td valign="top" width="40%">&nbsp;</td> <td valign="top" width="19%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td valign="top" width="19%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td></tr> <tr><td valign="top" width="40%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Basic EPS shares</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">87,019</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">79,304</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">85,649</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">79,161</font></div></td></tr> <tr><td valign="top" width="40%" align="left"> <div style="text-indent: -27pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Add:&nbsp;&nbsp;&nbsp;Operating Partnership &#8211; common units</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12,799</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,073</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12,864</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,196</font></div></td></tr> <tr><td valign="top" width="40%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Stock options</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">32</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">30</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">47</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Restricted Stock Awards</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">84</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">55</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">88</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">63</font></div></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="40%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Diluted EPS Shares</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">99,917</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">92,464</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">98,631</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">92,467</font></div></td></tr></table> <div class="MetaData"> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="top" width="26%">&nbsp;</td> <td valign="top" width="27%" colspan="2">&nbsp;</td> <td valign="top" width="11%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Effective</font></div></td> <td valign="top" width="22%" colspan="3">&nbsp;</td> <td valign="top" width="9%">&nbsp;</td></tr> <tr><td valign="top" width="26%">&nbsp;</td> <td valign="top" width="29%" colspan="3">&nbsp;</td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Interest</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">September 30,</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">December 31,</font></div></td> <td valign="top" width="9%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Property Name</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Lender</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Rate (a)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="9%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">&nbsp;&nbsp;&nbsp; Maturity</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">One Grande Commons (b)</font></div></td> <td valign="top" width="23%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Capital One Bank</font></div></td> <td valign="top" width="15%" colspan="3" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">LIBOR +2.00%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;11,000</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;11,000</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12/31/11</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.9pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2200 Renaissance Boulevard (c)</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.888%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,171</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,171</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12/01/12</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Soundview Plaza</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Morgan Stanley Mortgage Capital</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.015%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,674</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,089</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">01/01/13</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">9200 Edmonston Road</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Principal Commercial Funding L.L.C.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.534%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,522</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,646</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/01/13</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6305 Ivy Lane</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">John Hancock Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.525%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,304</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,475</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">01/01/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">395 West Passaic</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">State Farm Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.004%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">10,905</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,270</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/01/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6301 Ivy Lane</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">John Hancock Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.520%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5,951</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,103</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">07/01/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">35 Waterview Boulevard</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.348%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">19,126</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">19,341</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">08/11/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6 Becker, 85 Livingston,</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;75 Livingston &amp;</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;20 Waterview</font></div></td> <td valign="bottom" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="bottom" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">10.220%</font></div></td> <td valign="bottom" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">61,893</font></div></td> <td valign="bottom" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">61,224</font></div></td> <td valign="bottom" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">08/11/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4 Sylvan</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">10.190%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">14,427</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">14,395</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">08/11/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">10 Independence</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12.440%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,829</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,606</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">08/11/14</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4 Becker</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">9.550%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">37,655</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">37,096</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/11/16</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5 Becker</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12.830%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,954</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,599</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/11/16</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">210 Clay</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13.420%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,745</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,467</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/11/16</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">51 Imclone</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Wachovia CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">8.390%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">3,888</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">3,893</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/11/16</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Various (d)</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Prudential Insurance</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.332%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">150,000</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">150,000</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">01/15/17</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">23 Main Street</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">JPMorgan CMBS</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.587%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">31,139</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">31,537</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">09/01/18</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside Plaza 5</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">The Northwestern Mutual Life Insurance Co. &amp; New York Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.842%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">232,351</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">234,521</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11/01/18</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">100 Walnut Avenue</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Guardian Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7.311%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">19,293</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">19,443</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">02/01/19</font></div></td></tr> <tr><td valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">One River Center (e)</font></div></td> <td valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Guardian Life Insurance Co.</font></div></td> <td valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7.311%</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">44,197</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">44,540</font></div></td> <td valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">02/01/19</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="26%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">581 Main Street</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="29%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Valley National Bank</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="10%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.935% (f)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,413</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,627</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">07/01/34</font></div></td></tr> <tr><td valign="top" width="26%">&nbsp;</td> <td valign="top" width="29%" colspan="3">&nbsp;</td> <td valign="top" width="9%">&nbsp;</td> <td valign="top" width="12%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="9%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="55%" colspan="4" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total mortgages, loans payable and other obligations</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="9%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 740,437</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$743,043</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="9%">&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="middle" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 27.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(a)&nbsp; <font class="_mt">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></font></div></td></tr> <tr><td valign="middle" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 27.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(b)&nbsp; <font class="_mt">The mortgage loan has three one-year extension options subject to certain conditions and the payment of a fee.</font></font></div></td></tr> <tr><td valign="middle" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 27.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(c)&nbsp; <font class="_mt">The property does not generate sufficient cash flow to meet debt service requirements.&nbsp;&nbsp;As a result, beginning January 2011, debt service has not been made and a modification of the loan terms has been requested from the lender.</font></font></div></td></tr> <tr><td valign="middle" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 36.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(d)&nbsp; <font class="_mt">Mortgage is collateralized by seven properties. The Operating Partnership has agreed, subject to certain conditions, to guarantee repayment of a portion of the loan.</font></font></div></td></tr> <tr><td valign="top" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 14.4pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(e)&nbsp; <font class="_mt">Mortgage is collateralized by the three properties comprising One River Center.</font></font></div></td></tr> <tr><td valign="top" width="82%"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 36.9pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(f)&nbsp; <font class="_mt">The coupon interest rate will be reset at the end of year 10 (2019) and year 20 (2029) at&nbsp;<font class="_mt">225</font> basis points over the 10-year treasury yield 45 days prior to the reset dates with a minimum rate of&nbsp;<font class="_mt">6.875</font> percent.</font></font></div></td></tr></table></div></div> <div class="MetaData"> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="43%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">December 31,</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Effective</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="43%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-bottom: black 2px solid;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Rate (1)</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.250</font></font>% Senior Unsecured Notes, due <font class="_mt">January 15, 2012</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99,939</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99,793</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.457%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.150</font></font>% Senior Unsecured Notes, due <font class="_mt">December 15, 2012</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">94,315</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">93,946</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.894%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.820</font></font>% Senior Unsecured Notes, due <font class="_mt">March 15, 2013</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">25,944</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">25,861</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.448%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4.600</font></font>% Senior Unsecured Notes, due <font class="_mt">June 15, 2013</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">99,951</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">99,930</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4.742%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.125</font></font>% Senior Unsecured Notes, due <font class="_mt">February 15, 2014</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">200,570</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">200,749</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.110%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.125</font></font>% Senior Unsecured Notes, due <font class="_mt">January 15, 2015</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">149,694</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">149,625</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.297%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.800</font></font>% Senior Unsecured Notes, due <font class="_mt">January 15, 2016</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">200,332</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">200,389</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.806%</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7.750</font></font>% Senior Unsecured Notes, due <font class="_mt">August 15, 2019</font></font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">248,318</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">248,158</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">8.017%</font></div></td></tr> <tr><td valign="top" width="43%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="13%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="11%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total Senior Unsecured Notes</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$1,119,063</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$1,118,451</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="11%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td valign="top" width="43%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="13%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="11%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td valign="top" width="79%" colspan="4" align="left"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 3.6pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1)&nbsp; <font class="_mt">Includes the cost of terminated treasury lock agreements (if any), offering and other transaction costs and the discount/premium on the notes, as applicable.</font></font></div></td></tr></table></div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Operating Partnership's</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 17.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Interest Rate &#8211;</font></div></td> <td valign="top" width="14%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Unsecured Debt Ratings:</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Applicable Basis Points</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Facility Fee</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Higher of S&amp;P or Moody's</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Above LIBOR</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Basis Points</font></div></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">No ratings or less than BBB-/Baa3</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">185.0</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">45.0</font></div></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">BBB- or Baa3</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">150.0</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">35.0</font></div></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">BBB or Baa2(current)</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">125.0</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">25.0</font></div></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">BBB+or&nbsp;&nbsp;Baa1</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">107.5</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20.0</font></div></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">A-or A3 or higher</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">100.0</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">17.5</font></div></td></tr></table> Wachovia CMBS Wachovia CMBS Valley National Bank Wachovia CMBS Wachovia CMBS The Northwestern Mutual Life Insurance Co. &amp; New York Life Insurance Co. Principal Commercial Funding L.L.C. Capital One Bank Guardian Life Insurance Co. Guardian Life Insurance Co. Wachovia CMBS John Hancock Life Insurance Co. John Hancock Life Insurance Co. Morgan Stanley Mortgage Capital Wachovia CMBS Wachovia CMBS State Farm Life Insurance Co. JPMorgan CMBS Wachovia CMBS Wachovia CMBS Prudential Insurance 51 Imclone 5 Becker 581 Main Street 4 Becker 4 Sylvan Harborside Plaza 5 9200 Edmonston Road One Grande Commons (b) 100 Walnut Avenue One River Center (e) 6 Becker, 85 Livingston, 75 Livingston &amp; 20 Waterview 6305 Ivy Lane 6301 Ivy Lane Soundview Plaza 10 Independence 35 Waterview Boulevard 395 West Passaic 23 Main Street 210 Clay 2200 Renaissance Boulevard (c) Various (d) 13929000 16129000 4332408000 5799000 12115000 4291958000 213000 475000 1174000 539000 2630000 4096242000 2390000 4045531000 450000 -139446000 333456000 104000 -44617000 108072000 -841000 -118470000 327174000 -275000 -39703000 112559000 49723000 138215000 213139000 16629000 44810000 73433000 10066000 120328000 207509000 2681000 40240000 62192000 <font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 18pt;" align="right"> <div><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">7.&nbsp;&nbsp;</font></div></td> <td> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt"><font style="display: inline; text-decoration: underline;" class="_mt">SENIOR UNSECURED NOTES</font></font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">A summary of the Company's senior unsecured notes as of September 30, 2011 and December 31, 2010 is as follows:&nbsp;&nbsp;<font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div class="MetaData"> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="43%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">December 31,</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Effective</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="43%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-bottom: black 2px solid;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Rate (1)</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.250</font></font>% Senior Unsecured Notes, due <font class="_mt">January 15, 2012</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99,939</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99,793</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.457%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.150</font></font>% Senior Unsecured Notes, due <font class="_mt">December 15, 2012</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">94,315</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">93,946</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.894%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.820</font></font>% Senior Unsecured Notes, due <font class="_mt">March 15, 2013</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">25,944</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">25,861</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6.448%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4.600</font></font>% Senior Unsecured Notes, due <font class="_mt">June 15, 2013</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">99,951</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">99,930</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4.742%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.125</font></font>% Senior Unsecured Notes, due <font class="_mt">February 15, 2014</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">200,570</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">200,749</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.110%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.125</font></font>% Senior Unsecured Notes, due <font class="_mt">January 15, 2015</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">149,694</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">149,625</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.297%</font></div></td></tr> <tr><td valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.800</font></font>% Senior Unsecured Notes, due <font class="_mt">January 15, 2016</font></font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">200,332</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">200,389</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5.806%</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7.750</font></font>% Senior Unsecured Notes, due <font class="_mt">August 15, 2019</font></font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">248,318</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">248,158</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">8.017%</font></div></td></tr> <tr><td valign="top" width="43%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="13%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="11%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="43%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total Senior Unsecured Notes</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$1,119,063</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 2.15pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$1,118,451</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="11%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td valign="top" width="43%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="13%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="11%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td valign="top" width="79%" colspan="4" align="left"> <div style="text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 3.6pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1)&nbsp; <font class="_mt">Includes the cost of terminated treasury lock agreements (if any), offering and other transaction costs and the discount/premium on the notes, as applicable.</font></font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div><br /> 5300000 1300000 0 0 0.01 1600000 41000 275 275 125 160 55 300 160 204057 204057 47000 32000 30000 15000 107806 10 2893630 4689000 -22300000 207000 19800000 100000000 83500000 13900000 55000000 60000000 0.0626 164000 164000 false --12-31 Q3 2011 2011-09-30 10-Q 0000924901 87143067 Large Accelerated Filer MACK CALI REALTY CORP 101944000 130391000 12395000 8616000 2292641000 2521437000 -9438000 9438000 2393000 2393000 2790000 2575000 2728000 872000 3135000 1099000 2021000 646000 1752000 584000 2021000 1752000 4362466000 4309872000 June 15,2006 291059000 105812000 21851000 15854000 -185247000 -5997000 <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 94.5pt;"> <div> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Cash and Cash</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Equivalents</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">All highly liquid investments with a maturity of three months or less when purchased are considered to be cash equivalents.</font></div></td></tr></table></div></div> <div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="display: inline; text-decoration: underline;" class="_mt">COMMITMENTS AND CONTINGENCIES</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">TAX ABATEMENT AGREEMENTS</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Pursuant to agreements with the City of Jersey City, New Jersey, the Company is required to make payments in lieu of property taxes ("PILOT") on certain of its properties located in Jersey City, as follows:</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Harborside Plaza 4-A agreement, which commenced in 2002, is for a term of&nbsp;<font class="_mt">20</font> years.&nbsp;&nbsp;The PILOT is equal to&nbsp;<font class="_mt">two</font> percent of Total Project costs, as defined.&nbsp;&nbsp;Total Project costs, as defined, are $<font class="_mt">49.5</font> million.&nbsp;&nbsp;The PILOT totaled $<font class="_mt">247,000</font> and $<font class="_mt">407,000</font> for the three months ended September 30, 2011 and 2010, respectively, and $<font class="_mt">742,000</font> and $<font class="_mt">958,000</font> for the nine months ended September 30, 2011 and 2010, respectively.</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify">&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Harborside Plaza 5 agreement, as amended, which commenced in 2002 upon substantial completion of the property, as defined, is for a term of&nbsp;<font class="_mt">20</font> years.&nbsp;&nbsp;The PILOT is equal to&nbsp;<font class="_mt">two</font> percent of Total Project Costs.&nbsp;&nbsp;Total Project Costs, as defined, are $<font class="_mt">170.9</font> million.&nbsp;&nbsp;The PILOT totaled $<font class="_mt">854,000</font> and $<font class="_mt">1.3</font> million for the three months ended September&nbsp;30,&nbsp;2011 and 2010, respectively, and $<font class="_mt">2.6</font> million and $<font class="_mt">3.0</font> million for the nine months ended September&nbsp;30, 2011 and 2010, respectively.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">At the conclusion of the above-referenced PILOT agreements, it is expected that the properties will be assessed by the municipality and be subject to real estate taxes at the then prevailing rates.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">LITIGATION</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company is a defendant in litigation arising in the normal course of its business activities.&nbsp;&nbsp;Management does not believe that the ultimate resolution of these matters will have a materially adverse effect upon the Company's financial condition taken as whole.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">GROUND LEASE AGREEMENTS</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Future minimum rental payments under the terms of all non-cancelable ground leases under which the Company is the lessee, as of September 30, 2011, are as follows:&nbsp;<font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Year</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Amount&nbsp;&nbsp;</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">October 1 through December 31, 2011</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2012</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">367</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2013</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">351</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2014</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">367</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2015</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">371</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2016 through 2084</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,689</font></div></td></tr> <tr><td valign="top" width="40%">&nbsp;</td> <td valign="top" width="40%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$18,239</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Ground lease expense incurred by the Company during the three months ended September 30, 2011 and 2010 amounted to $<font class="_mt">102,000</font> and $<font class="_mt">102,000</font>, respectively, and $<font class="_mt">305,000</font> and $<font class="_mt">388,000</font> for the nine months ended September 30, 2011 and 2010, respectively.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">OTHER</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company may not dispose of or distribute certain of its properties, currently comprising&nbsp;<font class="_mt">seven</font> properties with an aggregate net book value of approximately $<font class="_mt">132.2</font> million, which were originally contributed by certain unrelated common unitholders, without the express written consent of such common unitholders, as applicable, except in a manner which does not result in recognition of any built-in-gain (which may result in an income tax liability) or which reimburses the appropriate specific common unitholders for the tax consequences of the recognition of such built-in-gains (collectively, the "Property Lock-Ups").&nbsp;&nbsp;The aforementioned restrictions do not apply in the event that the Company sells all of its properties or in connection with a sale transaction which the Company's Board of Directors determines is reasonably necessary to satisfy a material monetary default on any unsecured debt, judgment or liability of the Company or to cure any material monetary default on any mortgage secured by a property.&nbsp; The Property Lock-Ups expire periodically through <font class="_mt">2016</font>.&nbsp; Upon the expiration of the Property Lock-Ups, the Company is generally required to use commercially reasonable efforts to prevent any sale, transfer or other disposition of the subject properties from resulting in the recognition of built-in gain to the specific common unitholders, which include members of the Mack Group (which includes William L. Mack, Chairman of the Company's Board of Directors; David S. Mack, director; Earle I. Mack, a former director; and Mitchell E. Hersh, president, chief executive officer and director), the Robert Martin Group (which includes Robert&nbsp;F.&nbsp;Weinberg, director; and Timothy M. Jones, former president), the Cali Group (which includes John&nbsp;R. Cali, director, and John J. Cali, a former director).&nbsp;&nbsp;<font class="_mt">129</font> of the Company's properties, with an aggregate net book value of approximately $<font class="_mt">1.7</font> billion, have lapsed restrictions and are subject to these conditions.</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify">&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">In August 2011, the Company commenced construction of a&nbsp;<font class="_mt">203,000</font> square foot office building which is pre-leased for <font class="_mt">15 years and 3 months, subject to two extension options of between five and 10 years each</font>, to Wyndham Worldwide Corporation.&nbsp;&nbsp;Wyndham currently leases space&nbsp;in neighboring&nbsp;buildings in the Mack-Cali Business Campus in Parsippany, New Jersey.&nbsp; The new building is expected to be delivered to the tenant in the&nbsp;<font class="_mt">first quarter of 2013</font> at a total estimated cost of approximately $<font class="_mt">58.4</font> million.</font></div><br /></div> 400000 5380188 4980188 2500000 1.35 0.45 1.35 0.45 0.01 0.01 190000000 190000000 7187500 0 79605474 79605542 87141716 87142004 796000 871000 58400000 65990000 30948000 431745000 145943000 388656000 122132000 2100000000 1900000000 BBB- or Baa3 BBB or Baa2(current) BBB+or Baa1 A-or A3 or higher No ratings or less than BBB-/Baa3 2200000000 2000000000 0.08390 0.12830 0.06935 0.06448 0.05806 0.05110 0.05297 0.05457 0.09550 0.04742 0.10190 0.06842 0.05534 0.07311 0.07311 0.08017 0.10220 0.06894 0.05525 0.05520 0.06015 0.12440 0.06348 0.06004 0.05587 0.13420 0.05888 0.06332 0.0662 0.06875 0.0609 0.0582 0.058 0.05125 0.05125 0.0525 0.046 0.0615 0.0775 0.0615 0.069 2016-05-11 2016-05-11 2034-07-01 2013-03-15 2016-01-15 2014-02-15 2015-01-15 2012-01-15 2016-05-11 2013-06-15 2014-08-11 2018-11-01 2013-05-01 2011-12-31 2019-02-01 2019-02-01 2019-08-15 2014-08-11 2012-12-15 2014-01-01 2014-07-01 2013-01-01 2014-08-11 2014-08-11 2014-05-01 2018-09-01 2016-05-11 2012-12-01 2017-01-15 0 0 140850000 149739000 <font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 18pt;" align="right"> <div><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">5.&nbsp;&nbsp;</font></div></td> <td> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt"><font style="display: inline; text-decoration: underline;" class="_mt">DEFERRED CHARGES AND OTHER ASSETS</font></font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="top" width="68%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="16%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">December 31,</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="font-style: italic; display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(dollars in thousands)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td></tr> <tr><td valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deferred leasing costs</font></div></td> <td style="text-align: right;" valign="top" width="16%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 21.6pt;" class="_mt"> </font>$254,959</font></div></td> <td style="text-align: right;" valign="top" width="12%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 17.1pt;" class="_mt"> </font>$241,281</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deferred financing costs</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20,163</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20,149</font></div></td></tr> <tr><td valign="top" width="68%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">275,122</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">261,430</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Accumulated amortization</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(125,383)</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="12%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 5.4pt;" class="_mt"> </font>(120,580)</font></div></td></tr> <tr><td valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deferred charges, net</font></div></td> <td valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">149,739</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">140,850</font></div></td></tr> <tr><td valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">In-place lease values, related intangible and other assets, net</font></div></td> <td valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">31,230</font></div></td> <td valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">41,155</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Prepaid expenses and other assets, net</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="16%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">36,881</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">30,033</font></div></td></tr> <tr><td valign="top" width="68%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="16%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -27pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total deferred charges and other assets, net</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="16%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 21.6pt;" class="_mt"> </font>$217,850</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="12%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 4.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 17.1pt;" class="_mt"> </font>$212,038</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div><br /> 241281000 254959000 20149000 20163000 126917000 131867000 shareholders of the Company approved amendments to both plans to increase the total shares reserved for issuance under both of the 2000 plans from 2,700,000 to 4,350,000 shares of the Company's common stock (from 2,500,000 to 4,000,000 shares under the 2000 Employee Plan and from 200,000 to 350,000 shares under the 2000 Director Plan). 143942000 47978000 144914000 48498000 143124000 144481000 <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Derivative</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Instruments</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company measures derivative instruments, including certain derivative instruments embedded in other contracts, at fair value and records them as an asset or liability, depending on the Company's rights or obligations under the applicable derivative contract.&nbsp;&nbsp;For derivatives designated and qualifying as fair value hedges, the changes in the fair value of both the derivative instrument and the hedged item are recorded in earnings.&nbsp;&nbsp;For derivatives designated as cash flow hedges, the effective portions of the derivative are reported in other comprehensive income ("OCI") and are subsequently reclassified into earnings when the hedged item affects earnings. Changes in fair value of derivative instruments not designated as hedging and ineffective portions of hedges are recognized in earnings in the affected period.</font></div></td></tr></table></div></div> 242000 <div> <table style="font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 18pt;" align="right"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">6.&nbsp;&nbsp;</font></div></td> <td> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt"><font style="display: inline; text-decoration: underline;" class="_mt">DISCONTINUED OPERATIONS</font></font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company did not dispose of any properties during the nine months ended September 30, 2011.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">On June 1, 2010, the Company disposed of its&nbsp;<font class="_mt">150,050</font> square foot office property located at 105 Challenger Road in Ridgefield Park, New Jersey and recorded a gain on the disposal of the office property of approximately $<font class="_mt">4.4</font>&nbsp;million.&nbsp;&nbsp;The Company has presented this property as discontinued operations in its statement of operations for all periods presented.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The following table summarizes income from discontinued operations and the related realized gains (losses) and unrealized losses on disposition of rental property, net, for the nine months period ended September 30, 2010 (no operations in 2011).&nbsp;&nbsp;<font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="61%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Nine Months Ended</font></div></td></tr> <tr><td valign="top" width="61%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">September 30,</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="61%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td style="border-bottom: black 2px solid;" valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">2010</font></div></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Total revenues</font></div></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$ 2,255</font></div></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Operating and other expenses</font></div></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 5.05pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">(1,173)</font></div></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Depreciation and amortization</font></div></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 5.05pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">(409)</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Interest expense (net of interest income)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 5.05pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">(431)</font></div></td></tr> <tr><td valign="top" width="61%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td valign="top" width="19%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Income from discontinued operations before</font></div></td> <td valign="top" width="19%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">gains (losses) and unrealized losses on</font></div></td> <td valign="top" width="19%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">disposition of rental property</font></div></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">242</font></div></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Realized gains (losses) and unrealized losses on</font></div></td> <td valign="top" width="19%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">disposition of rental property, net</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">4,447</font></div></td></tr> <tr><td valign="top" width="61%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td valign="top" width="19%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Total discontinued operations, net</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$ 4,689</font></div></td></tr></table></div> 431000 1173000 2255000 117507000 117507000 42176000 45461000 1500000 500000 1664000 1664000 664000 0.58 0.16 0.63 0.24 0.58 0.16 0.62 0.24 <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Earnings</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Per Share</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company presents both basic and diluted earnings per share ("EPS").&nbsp;&nbsp;Basic EPS excludes dilution and is computed by dividing net income available to common shareholders by the weighted average number of shares outstanding for the period.&nbsp;&nbsp;Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower EPS amount.</font></div></td></tr></table></div></div> 0 0 313000 2482000 1.00 0.10 0.96 0.0833 0.50 0.15 0.0833 1.00 0.96 0.50 0.50 0.50 <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">4.</font> </div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt"><font style="display: inline; text-decoration: underline;" class="_mt">INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES</font></font> </div></td></tr></table> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The debt of the Company's unconsolidated joint ventures generally is non-recourse to the Company, except for customary exceptions pertaining to such matters as intentional misuse of funds, environmental conditions, material misrepresentations, and as otherwise indicated below.</font> </div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">PLAZA VIII AND IX ASSOCIATES, L.L.C.</font> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Plaza VIII and IX Associates, L.L.C. is a joint venture between the Company and Columbia Development Company, L.L.C. ("Columbia"), which owns land for future development, located on the Hudson River waterfront in Jersey City, New Jersey, adjacent to the Company's Harborside Financial Center office complex.&nbsp;&nbsp;The Company and Columbia each hold a&nbsp;<font class="_mt">50</font> percent interest in the venture.&nbsp;&nbsp;The venture owns undeveloped land currently used as a parking facility.</font> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify">&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font size="2" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">SOUTH PIER AT HARBORSIDE &#8211; HOTEL</font></font> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font size="2" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company has a joint venture with Hyatt Corporation ("Hyatt") which owns a 350-room hotel on the South Pier at Harborside Financial Center, Jersey City, New Jersey.&nbsp;&nbsp;The Company owns a&nbsp;<font class="_mt">50</font> percent interest in the venture.</font></font> </div> <div style="text-indent: 0pt; display: block;"><font size="2" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font size="2" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The venture has a mortgage loan with a balance as of September 30, 2011 of $<font class="_mt">65.4</font> million collateralized by the hotel property.&nbsp;&nbsp;The loan carries an interest rate of&nbsp;<font class="_mt">6.15</font> percent and matures in <font class="_mt">November 2016</font>.&nbsp;&nbsp;The venture has a loan with a balance as of September 30, 2011 of $<font class="_mt">5.5</font> million with the City of Jersey City, provided by the U.S. Department of Housing and Urban Development.&nbsp;&nbsp;The loan currently bears interest at fixed rates ranging from&nbsp;<font class="_mt">6.09</font> percent to&nbsp;<font class="_mt">6.62</font> percent and matures in <font class="_mt">August 2020</font>.&nbsp;&nbsp;The Company has posted a $<font class="_mt">5.5</font> million letter of credit in support of this loan, half of which is indemnified by Hyatt.</font></font> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify">&nbsp;</div></div> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"> </p> <div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">RED BANK CORPORATE PLAZA</font> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company has a joint venture with The PRC Group, which owns Red Bank Corporate Plaza, a&nbsp;<font class="_mt">92,878</font> square foot office building located in Red Bank, New Jersey.&nbsp;&nbsp;The property is fully leased to Hovnanian Enterprises, Inc. through September 30, 2017.&nbsp;&nbsp;The Company holds a&nbsp;<font class="_mt">50</font> percent interest in the venture.</font> </div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The venture had a $<font class="_mt">20.3</font> million loan with a commercial bank collateralized by the office property, which bore interest at a rate of the London Interbank Offered Rate ("LIBOR") plus&nbsp;<font class="_mt">125</font> basis points and was scheduled to mature in <font class="_mt">May 2011</font>.&nbsp;&nbsp;In May 2011, the venture paid the lender $<font class="_mt">1.7</font> million and refinanced the remainder of the loan.&nbsp;&nbsp;The new loan, with a balance of $<font class="_mt">18.3</font> million at September 30, 2011, bears interest at a rate of LIBOR plus&nbsp;<font class="_mt">300</font> basis points and matures on <font class="_mt">May 17, 2016</font>.&nbsp;&nbsp;LIBOR was&nbsp;<font class="_mt">0.24</font> percent at September 30, 2011.&nbsp;&nbsp;The loan includes contingent guarantees for a portion of the principal by the Company based on certain conditions.&nbsp;&nbsp;On September 22, 2011, the interest rate on&nbsp;<font class="_mt">75</font> percent of the loan principal was swapped to an all-in fixed rate of&nbsp;<font class="_mt">3.99375</font> percent effective from October 17, 2011 through maturity.</font> </div> <div style="text-indent: 0pt; display: block;"><br /></div> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company performs management, leasing and other services for the property owned by the joint venture and recognized $<font class="_mt">24,000</font> and $<font class="_mt">24,000</font> in fees for such services in the three months ended September 30, 2011 and 2010, respectively, and $<font class="_mt">72,000</font> and $<font class="_mt">72,000</font> for the nine months ended September 30, 2011 and 2010, respectively.</font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></div> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">MACK-GREEN-GALE LLC/GRAMERCY AGREEMENT</font></b> <br /></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On May 9, 2006, the Company entered into a joint venture, Mack-Green-Gale LLC and subsidiaries ("Mack-Green"), with SL Green, pursuant to which Mack-Green held an approximate&nbsp;<font class="_mt">96</font> percent interest in and acted as general partner of Gale SLG NJ Operating Partnership, L.P. (the "OPLP").&nbsp;&nbsp;The Company's acquisition cost for its interest in Mack-Green was approximately $<font class="_mt">125</font> million, which was funded primarily through borrowing under the Company's revolving credit facility.&nbsp;&nbsp;At the time, the OPLP owned&nbsp;<font class="_mt">100</font> percent of entities ("Property Entities") which owned&nbsp;<font class="_mt">25</font> office properties (the "OPLP Properties") which aggregated&nbsp;<font class="_mt">3.5</font> million square feet (consisting of&nbsp;<font class="_mt">17</font> office properties aggregating&nbsp;<font class="_mt">2.3</font> million square feet located in New Jersey and&nbsp;<font class="_mt">eight</font> properties aggregating&nbsp;<font class="_mt">1.2</font> million square feet located in Troy, Michigan).&nbsp;&nbsp;In December 2007, the OPLP sold its&nbsp;<font class="_mt">eight</font> properties located in Troy, Michigan for $<font class="_mt">83.5</font> million.&nbsp;&nbsp;The venture recognized a loss of approximately $<font class="_mt">22.3</font>&nbsp;million from the sale.</font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">As defined in the Mack-Green operating agreement, the Company shared decision-making equally with SL Green regarding:&nbsp;&nbsp;(i) all major decisions involving the operations of Mack-Green; and (ii) overall general partner responsibilities in operating the OPLP.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <div class="MetaData"> <p><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">The Mack-Green operating agreement generally provided for profits and losses to be allocated as follows:</font></font> </p> <table style="line-height: 115%; width: 100%; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 0.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="24"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"> </p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 27pt; padding-right: 0in; padding-top: 0in;" valign="top" width="36"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">(i)</font> </p></td> <td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="top"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">99 percent of Mack-Green's share of the profits and losses from 10 specific OPLP Properties allocable to the Company and one percent allocable to SL Green;</font> </p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 0.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="24"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"> </p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 27pt; padding-right: 0in; padding-top: 0in;" valign="top" width="36"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">(ii)</font> </p></td> <td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="top"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">one percent of Mack-Green's share of the profits and losses from eight specific OPLP Properties and its minor interest in four office properties allocable to the Company and 99 percent allocable to SL Green; and</font> </p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 0.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="24"> </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 27pt; padding-right: 0in; padding-top: 0in;" valign="top" width="36"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">(iii)</font> </p></td> <td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="top"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">50 percent of all other profits and losses allocable to the Company and 50 percent allocable to SL Green.</font> </p></td></tr></table></div> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"><br />Substantially all of the OPLP Properties were encumbered by mortgage loans with an aggregate outstanding principal balance of $<font class="_mt">276.3</font> million at March 31, 2009.&nbsp;&nbsp;$<font class="_mt">185.0</font> million of the mortgage loans bore interest at a weighted average fixed interest rate of&nbsp;<font class="_mt">6.26</font> percent per annum and matured at various times through <font class="_mt">May 2016</font>.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font></font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Six</font></font> of the OPLP Properties (the "Portfolio Properties") were encumbered by $<font class="_mt">90.3</font> million of mortgage loans which bore interest at a floating rate of LIBOR plus&nbsp;<font class="_mt">275</font> basis points per annum and were scheduled to mature in <font class="_mt">May&nbsp;2009</font>.&nbsp;&nbsp;The floating rate mortgage loans were provided to the six entities which owned the Portfolio Properties (collectively, the "Portfolio Entities") by Gramercy, which was a related party of SL Green.&nbsp;&nbsp;Based on the venture's anticipated holding period pertaining to the Portfolio Properties, the venture believed that the carrying amounts of these properties may not have been recoverable at December 31, 2008.&nbsp; Accordingly, as the venture determined that its carrying value of these properties exceeded the estimated fair value, it recorded an impairment charge of approximately $<font class="_mt">32.3</font> million as of December 31, 2008.&nbsp;</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On April 29, 2009, the Company acquired the remaining interests in Mack-Green from SL Green.&nbsp;&nbsp;As a result, the Company owns&nbsp;<font class="_mt">100</font> percent of Mack-Green.&nbsp;&nbsp;Additionally, on April 29, 2009, the mortgage loans with Gramercy on the Portfolio Properties (the "Gramercy Agreement") were modified to provide for, among other things, interest to accrue at the current rate of LIBOR plus&nbsp;<font class="_mt">275</font> basis points per annum, with the interest pay rate capped at&nbsp;<font class="_mt">3.15</font> percent per annum.&nbsp;&nbsp;Under the Gramercy Agreement, the payment of debt service is subordinate to the payment of operating expenses.&nbsp;&nbsp;Interest at the pay rate is payable only out of funds generated by the Portfolio Properties and only to the extent that the Portfolio Properties' operating expenses have been paid, with any accrued unpaid interest above the pay rate serving to increase the balance of the amounts due at the termination of the agreement.&nbsp;&nbsp;Any excess funds after payment of debt service generally will be escrowed and available for future capital and leasing costs, as well as to cover future cash flow shortfalls, as appropriate.&nbsp;&nbsp;The Gramercy Agreement was scheduled to terminate on May&nbsp;9, 2011.&nbsp;&nbsp;Approximately six months in advance of the end of the term of the Gramercy Agreement, the Portfolio Entities are to provide estimates of each&nbsp;property's fair market value ("FMV").&nbsp;&nbsp;Gramercy has the right to accept or reject the FMV.&nbsp;&nbsp;If Gramercy rejects the FMV, Gramercy must market the property for sale in cooperation with the Portfolio Entities and must approve the ultimate sale.&nbsp;&nbsp;However, Gramercy has no obligation to market a Portfolio Property if the FMV is less than the allocated amount due, including accrued, unpaid interest. If any Portfolio Property is not sold, the Portfolio Entities have agreed to give a deed in lieu of foreclosure, unless the FMV was equal to or greater than the allocated amount due for such Portfolio Property, in which case they can elect to have that Portfolio Property released by paying the FMV.&nbsp;&nbsp;If Gramercy accepts the FMV, the Portfolio Property will be released from the Gramercy Agreement upon payment of the FMV.&nbsp;&nbsp;Under the direction of Gramercy, the Company continues to perform management, leasing, and construction services for the Portfolio Properties at market terms.&nbsp;&nbsp;The Portfolio Entities have a participation interest which provides for sharing&nbsp;<font class="_mt">50</font> percent of any amount realized in excess of the allocated amounts due for each Portfolio Property.&nbsp;&nbsp;On November 5, 2010, the Portfolio Entities that owned the remaining four unconsolidated Portfolio Properties provided estimates of the properties' fair market values to Gramercy, pursuant to the Gramercy Agreement.&nbsp;&nbsp;On May 5, 2011, the Gramercy Agreement was extended to December 31, 2011.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">As the Company acquired SL Green's interests in Mack-Green, the Company owns 100 percent of Mack-Green and is consolidating Mack-Green as of the closing date.&nbsp;&nbsp;Mack-Green, in turn, has been and will continue consolidating the OPLP as Mack-Green's approximate&nbsp;<font class="_mt">96</font> percent, general partner ownership interest in the OPLP remained unchanged as of the closing date.&nbsp;&nbsp;Additionally, as of the closing date, the OPLP continues to consolidate its Property Entities not subject to the Gramercy Agreement, as its 100-percent ownership and rights regarding these entities were unchanged in the transaction.&nbsp;&nbsp;The OPLP does not consolidate the Portfolio Entities subject to the Gramercy Agreement, as the Gramercy Agreement is considered a reconsideration event under the provisions of ASC 810, Consolidation, and accordingly, the Portfolio Entities were deemed to be variable interest entities for which the OPLP was not considered the primary beneficiary based on the Gramercy Agreement as described above.&nbsp;&nbsp;As a result of the SLG Transactions, the Company has an unconsolidated joint venture interest in the Portfolio Properties.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On March 31, 2010, the venture sold&nbsp;<font class="_mt">one</font> of its unconsolidated Portfolio Properties subject to the Gramercy Agreement, 1280 Wall Street West, a&nbsp;<font class="_mt">121,314</font> square foot office property, located in Lyndhurst, New Jersey, for approximately $<font class="_mt">13.9</font> million, which was primarily used to pay down mortgage loans pursuant to the Gramercy Agreement.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On December 17, 2010, the venture repaid the $<font class="_mt">26.8</font> million allocated loan amount of one of the unconsolidated Portfolio Properties which was subject to the Gramercy Agreement, One Grande Commons, a&nbsp;<font class="_mt">198,376</font> square foot office property, located in Bridgewater, New Jersey.&nbsp; Concurrent with the repayment, the venture placed $<font class="_mt">11</font> million mortgage financing on the property obtained from a bank.&nbsp;&nbsp;As a result of the repayment of the existing mortgage loan, the venture, which is consolidated by the Company, obtained a controlling interest and is consolidating the office property.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font size="2" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font size="2" class="_mt">The Company performs management, leasing, and construction services for properties owned by the unconsolidated joint ventures and recognized $<font class="_mt">108,000</font> and $<font class="_mt">223,000</font> in income for such services in the three months ended September&nbsp;30, 2011 and 2010, respectively, and $<font class="_mt">382,000</font> and $<font class="_mt">690,000</font> in income for the nine months ended September&nbsp;30, 2011 and 2010, respectively.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">GE/GALE FUNDING LLC (Princeton Forrestal Village)</font></b></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On May 9, 2006, the Company acquired a&nbsp;<font class="_mt">10</font> percent indirect interest in the entity ("GE Gale") which owned Princeton Forrestal Village, a mixed-use, office/retail complex aggregating&nbsp;<font class="_mt">527,015</font> square feet and located in Plainsboro, New Jersey ("Princeton Forrestal Village" or "PFV") for $<font class="_mt">1.8</font> million.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On December 16, 2010, GE Gale sold PFV for $<font class="_mt">55</font> million, realizing a gain on the sale of $<font class="_mt">207,000</font> (of which the Company's share of $<font class="_mt">41,000</font> is included in equity in earnings for the year ended December 31, 2010).</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">The Company had performed management services for PFV and recognized $<font class="_mt">0</font> and $<font class="_mt">87,000</font> for such services in the three and nine months ended September 30, 2011 and management, leasing, and other services for PFV prior to its sale and recognized $<font class="_mt">371,000</font> and $<font class="_mt">992,000</font> in income for such services in the three and nine months ended September&nbsp;30, 2010, respectively.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></b></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">GALE KIMBALL, L.L.C.</font></b></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On <font class="_mt">June 15,2006</font>, the Company acquired an&nbsp;<font class="_mt">8.33</font> percent indirect interest in 100&nbsp;Kimball Drive LLC ("100 Kimball"), which developed and placed in service a&nbsp;<font class="_mt">175,000</font> square foot office property that is leased to a single tenant, located at 100 Kimball Drive, Parsippany, New Jersey (the "Kimball Property").</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On December 10, 2010, 100 Kimball sold its office property for approximately $<font class="_mt">60</font> million, realizing a gain on the sale of $<font class="_mt">19.8</font> million (of which the Company's share of $<font class="_mt">1.6</font> million is included in equity in earnings for the year ended December 31, 2010).&nbsp;&nbsp;As a result of the sale the Company received a distribution of approximately $<font class="_mt">5.4</font> million, of which $<font class="_mt">2.4</font> million was paid out pursuant to the Participation Rights (see Note 15: Noncontrolling Interests in Subsidiaries &#8211; Participation Rights).</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">The Company had performed management, leasing, and other services for the property prior to its sale and recognized $<font class="_mt">71,000</font> and $<font class="_mt">213,300</font> in income for such services in the three and nine months ended September 30, 2010, respectively.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></b></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">12 VREELAND ASSOCIATES, L.L.C.</font></b></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On September 8,2006, the Company entered into a joint venture to form M-C Vreeland, LLC ("M-C Vreeland"), for the sole purpose of acquiring&nbsp;<font class="_mt">50</font> percent membership interest in 12 Vreeland Associates, L.L.C., an entity owning an office property located at 12 Vreeland Road, Florham Park, New Jersey.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">The operating agreement of M-C Vreeland provides, among other things, for the Participation Rights (see Note 15: Noncontrolling Interests in Subsidiaries &#8211; Participation Rights).</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font size="2" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font size="2" class="_mt">The office property at 12 Vreeland is a&nbsp;<font class="_mt">139,750</font> square foot office building.&nbsp;&nbsp;The property is subject to a fully-amortizing mortgage loan, which matures on <font class="_mt">July 1, 2012</font>, and bears interest at&nbsp;<font class="_mt">6.9</font> percent per annum.&nbsp;&nbsp;As of September&nbsp;30, 2011, the outstanding balance on the mortgage note was $<font class="_mt">1.8</font> million.&nbsp;</font> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Under the operating agreement of 12 Vreeland Associates, L.L.C., M-C Vreeland has a 50 percent interest, with S/K Florham Park Associates, L.L.C. (the managing member) and its affiliate holding the other 50 percent.</font></font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></b></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">BOSTON-DOWNTOWN CROSSING</font></b></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">In October 2006, the Company entered into a joint venture with affiliates of Vornado Realty LP and JP Morgan Chase Bank to acquire and redevelop the Filenes property located in the Downtown Crossing district of Boston, Massachusetts (the "Filenes Property").&nbsp;&nbsp;The development was to include approximately&nbsp;<font class="_mt">1.2</font> million square feet consisting of office, retail, condominium apartments, hotel and parking garage.&nbsp;&nbsp;The project is subject to governmental approvals.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">The venture acquired the Filenes Property on January 29, 2007, for approximately $<font class="_mt">100</font> million.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">The venture was organized in contemplation of developing and converting the Filene's Property into a condominium consisting of a retail unit, an office unit, a parking unit, a hotel unit and a residential unit.&nbsp;&nbsp;The Company, through subsidiaries, separately holds approximately a&nbsp;<font class="_mt">15</font> percent indirect ownership interest in each of the units.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <div> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Distributions will generally be in proportion to its members' respective ownership interests and, depending upon the development unit, promotes will be available to specified partners after the achievement of certain internal rates of return ranging from 10 to 15 percent.</font></font> </p></div> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">The joint venture has suspended its plans for the development of the Filenes Property.&nbsp;&nbsp;The venture recorded an impairment charge of approximately $<font class="_mt">69.5</font> million on its development project in 2008.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></b></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">GALE JEFFERSON, L.L.C.</font></b></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On August 22, 2007, the Company entered into a joint venture with a Gale Affiliate to form M-C Jefferson, L.L.C. ("M-C Jefferson") for the sole purpose of acquiring an&nbsp;<font class="_mt">8.33</font> percent indirect interest in One Jefferson Road LLC ("One Jefferson"), which developed and placed in service a&nbsp;<font class="_mt">100,010</font> square foot office property at One Jefferson Road, Parsippany, New Jersey, ("the Jefferson Property").&nbsp;&nbsp;The property has been fully leased to a single tenant through August&nbsp;2025.</font></font> </p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <div class="MetaData"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">The operating agreement of M-C Jefferson provides, among other things, for the Participation Rights (see Note 15: Noncontrolling Interests in Subsidiaries &#8211; Participation Rights).&nbsp;&nbsp;The operating agreements of Gale Jefferson, L.L.C. ("Gale Jefferson"), which is owned 33.33 percent by M-C Jefferson and 66.67 percent by the Hampshire Generational Fund, L.L.C. ("Hampshire") provides, among other things, for the distribution of net cash flow, first, in accordance with its member's respective interests until each member is provided, as a result of such distributions, with an annual 12 percent compound return on the Member's Capital Contributions, as defined in the operating agreement and secondly, 50 percent to each of the Company and Hampshire.</font></font> </p></div> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"> </font></p> <div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"> </font></font>&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">One Jefferson had a loan in the amount of $<font class="_mt">21</font> million at September&nbsp;30, 2011 and bore interest at a rate of LIBOR plus&nbsp;<font class="_mt">160</font> basis points which was repaid on <font class="_mt">October 24, 2011</font>.&nbsp;&nbsp;On October 24, 2011, One Jefferson obtained a new loan in the amount of $<font class="_mt">20.2</font> million.&nbsp;&nbsp;The new loan bears interest at a rate of one-month LIBOR plus&nbsp;<font class="_mt">160</font> basis points and matures on&nbsp;<font class="_mt">October 24, 2012</font> with a one year extension option, subject to the payment of a fee and certain other conditions.</font></font> </div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company performs management, leasing and other services for Gale Jefferson and recognized $<font class="_mt">39,000</font> and $<font class="_mt">336,000</font> in income (net of $<font class="_mt">0</font> and $<font class="_mt">1.3</font> million in direct costs) for such services for the three months ended September 30, 2011 and 2010, respectively, and $<font class="_mt">118,000</font> and $<font class="_mt">467,500</font> in income (net of $<font class="_mt">0</font> and $<font class="_mt">5.3</font> million in direct costs) for the nine months ended September 30, 2011 and 2010, respectively.</font></font> <div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"> </font></font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt"> </font></font></font>&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">SUMMARIES OF UNCONSOLIDATED JOINT VENTURES</font></font></font> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="justify"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-size: 10pt;" class="_mt">The following is a summary of the financial position of the unconsolidated joint ventures in which the Company had investment interests as of September&nbsp;30, 2011 and December&nbsp;31, 2010.&nbsp;</font><font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font></font></font></font> <div class="MetaData"> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><br /></font></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td style="border-bottom: black 2px solid;" valign="middle" width="71%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font> </div></td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="middle" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="11%">&nbsp; </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Assets:</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Rental property, net</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 8,488</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 60,937</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 23,020</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 39,578</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 13,415</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 145,438</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Other assets</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">746</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12,430</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2,791</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">5,767</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">175</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,080</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,657</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">70,871</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total assets</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 9,234</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 73,367</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 25,811</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 45,345</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 13,590</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,080</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,657</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 216,309</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Liabilities and</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">&nbsp;partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">&nbsp;capital (deficit):</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Mortgages, loans</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;payable and other</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;obligations</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 70,964</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 18,280</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 50,978</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;1,752</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 141,974</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Other liabilities</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;532</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,745</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">58</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">1,196</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,592</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;capital (deficit)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">8,702</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,342)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7,473</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(6,829)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">120</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,838</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,080</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,657</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">67,743</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total liabilities and</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;capital (deficit)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 9,234</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 73,367</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 25,811</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 45,345</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 13,590</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,080</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,657</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 216,309</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;investment</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;in unconsolidated</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures, net</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 4,273</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(70)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;3,607</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 10,103</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 13,015</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 1,063</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;31,991</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr></table></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><br /></font></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><br /></font></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td style="border-bottom: black 2px solid;" valign="middle" width="71%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">December 31, 2010</font> </div></td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="top" width="7%">&nbsp; </td> <td valign="middle" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="top" width="11%">&nbsp; </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="11%">&nbsp; </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Assets:</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Rental property, net</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 8,947</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 64,964</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 23,594</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 40,786</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 14,081</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 152,372</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Other assets</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">906</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,681</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,422</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">6,261</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;1,435</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">734</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,111</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,440</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">76,041</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total assets</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 9,853</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 76,645</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 30,016</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 47,047</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;1,435</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 14,815</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,111</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,440</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 228,413</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Liabilities and</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">&nbsp;partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">&nbsp;capital (deficit):</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Mortgages, loans</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;payable and other</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;obligations</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 72,168</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 20,424</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 50,978</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;3,161</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 146,731</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Other liabilities</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;529</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,356</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">89</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">1,719</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7,305</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;capital (deficit)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">9,324</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">121</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">9,503</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(5,650)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">823</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">11,654</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,111</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,440</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">74,377</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total liabilities and</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;partners'/members'</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;capital (deficit)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 9,853</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 76,645</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 30,016</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 47,047</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;1,435</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 14,815</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 46,111</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 2,440</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 228,413</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;investment</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;in unconsolidated</font> </div></td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="top" width="7%">&nbsp; </td> <td valign="bottom" width="7%">&nbsp; </td> <td valign="top" width="1%">&nbsp; </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="11%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures, net</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 4,584</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;1,161</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;4,598</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;9,860</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ 13,022</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;995</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;34,220</font> </div></td> <td valign="top" width="1%">&nbsp; </td></tr></table></div></div></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><br /></font></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><br /></font></font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">SUMMARIES OF UNCONSOLIDATED JOINT VENTURES</font></font></font> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The following is a summary of the results of operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the three months ended September&nbsp;30, 2011 and 2010.&nbsp;&nbsp;<font style="font-style: italic; display: inline; font-size: 10pt;" class="_mt">(dollars in thousands)</font></font></font></font> </div></div></div></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="justify"> <div> <div style="text-indent: 0pt; display: block;"> <div class="MetaData"> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td></tr> <tr><td style="padding-bottom: 2px;" valign="middle" width="14%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="66%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Three Months Ended September 30, 2011</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total revenues</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;272</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;9,558</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;832</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;1,340</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;12,740</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Operating and other</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(58)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(6,296)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(231)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(968)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(93)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;(362)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(8,008)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Depreciation and amortization</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(154)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,415)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(226)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(449)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(261)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,505)</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Interest expense</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,112)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(167)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(384)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(41)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,704)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(461)</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(362)</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's equity in earnings</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;(loss) of unconsolidated</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(115)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539</font> </div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td></tr> <tr><td style="padding-bottom: 2px;" valign="middle" width="14%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="66%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Three Months Ended September 30, 2010</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total revenues</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;221</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;9,916</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;2,692</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;3,149</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;17,474</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Operating and other</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(58)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(6,751)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(263)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,464)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,954)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(57)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;(381)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(10,912)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Depreciation and amortization</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(154)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,307)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(225)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,106)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(790)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(316)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,898)</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Interest expense</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,134)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(83)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(606)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(422)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(72)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,317)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(484)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(381)</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's equity in earnings</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;(loss) of unconsolidated</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(114)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475</font> </div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">SUMMARIES OF UNCONSOLIDATED JOINT VENTURES</font></font> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The following is a summary of the results of operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the nine months ended September&nbsp;30, 2011 and 2010.&nbsp;&nbsp;<font style="font-style: italic; display: inline; font-size: 10pt;" class="_mt">(dollars in thousands)</font></font></font> </div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td></tr> <tr><td style="padding-bottom: 2px;" valign="middle" width="14%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="66%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Nine Months Ended September 30, 2011</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total revenues</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;28,008</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,424</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;4,674</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;1,653</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;217</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,697</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Operating and other</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(160)</font> </div></td> <td style="text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(18,860)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(601)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,860)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(145)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;(1,113)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(23,739)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Depreciation and amortization</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(460)</font> </div></td> <td style="text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(4,254)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(677)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,781)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(892)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(8,064)</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Interest expense</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,357)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(376)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,167)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(129)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(5,029)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,537</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;(1,134)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;(1,113)</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;217</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's equity in earnings</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;(loss) of unconsolidated</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(340)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,174</font> </div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td></tr> <tr><td style="padding-bottom: 2px;" valign="middle" width="14%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="66%" colspan="11"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Nine Months Ended September 30, 2010</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Red Bank</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Princeton</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Boston-</font> </div></td> <td valign="middle" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">VIII &amp; IX</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Harborside</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gramercy</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Forrestal</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Downtown</font> </div></td> <td valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Gale</font> </div></td> <td valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Combined</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="middle" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Associates</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">South Pier</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Plaza</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Agreement</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Village</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Kimball</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Vreeland</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Crossing</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Jefferson</font> </div></td> <td style="border-bottom: black 2px solid;" valign="middle" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total revenues</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;24,300</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,407</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;17,200</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;9,577</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;1,593</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56,938</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Operating and other</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(154)</font> </div></td> <td style="text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(17,627)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(694)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(4,453)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(5,515)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(147)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(890)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ (136)</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(29,616)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Depreciation and amortization</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(460)</font> </div></td> <td style="text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,742)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(676)</font> </div></td> <td valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,058)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,509)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(947)</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(11,392)</font> </div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Interest expense</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,320)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(252)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,887)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,274)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(211)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(6,944)</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="15%" colspan="2" align="left"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59</font> </div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="7%"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(389)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,785</font> </div></td> <td style="border-bottom: black 3px double;" valign="top" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;7,802</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(890)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$ (136)</font> </div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,986</font> </div></td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company's equity in earnings</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;(loss) of unconsolidated</font> </div></td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="top" width="7%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td> <td valign="bottom" width="7%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="15%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;joint ventures</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30</font> </div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="7%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(267)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511</font> </div></td> <td style="border-bottom: black 2px solid;" valign="top" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(267)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" align="right"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;(38)</font> </div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="7%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.7pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213</font> </div></td></tr></table></div><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div><font style="font-family: 'Times New Roman','serif'; font-size: 8pt;" class="_mt"><br /></font></div></div></div> <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Investments in</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Unconsolidated</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Joint Ventures</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting.&nbsp;&nbsp;The Company applies the equity method by initially recording these investments at cost, as Investments in Unconsolidated Joint Ventures, subsequently adjusted for equity in earnings and cash contributions and distributions.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">&nbsp; </font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">ASC 810, Consolidation, provides guidance on the identification of entities for which control is achieved through means other than voting rights ("variable interest entities" or "VIEs") and the determination of which business enterprise, if any, should consolidate the VIE (the "primary beneficiary").&nbsp;&nbsp;Generally, the consideration of whether an entity is a VIE applies when either (1) the equity investors (if any) lack one or more of the essential characteristics of a controlling financial interest, (2) the equity investment at risk is insufficient to finance that entity's activities without additional subordinated financial support or (3) the equity investors have voting rights that are not proportionate to their economic interests and the activities of the entity involve or are conducted on behalf of an investor with a disproportionately small voting interest.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <div style="text-indent: 0pt; display: block;"><br />&nbsp;</div> <div style="text-indent: 0pt; display: block;"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">&nbsp; </font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">On January 1, 2010, the Company adopted the updated provisions of ASC 810, which amends FIN 46(R) to require ongoing reassessments of whether an enterprise is the primary beneficiary of a variable interest entity.&nbsp;&nbsp;Additionally, ASC 810 amends FIN 46(R) to eliminate the quantitative approach previously required for determining the primary beneficiary of a variable interest entity, which was based on determining which enterprise absorbs the majority of the entity's expected losses, receives a majority of the entity's expected residual returns, or both.&nbsp;&nbsp;ASC 810 amends certain guidance in Interpretation 46(R) for determining whether an entity is a variable interest entity.&nbsp;&nbsp;Also, ASC 810 amends FIN 46(R) to require enhanced disclosures that will provide users of financial statements with more transparent information about an enterprise's involvement in a variable interest entity.&nbsp;&nbsp;The enhanced disclosures are required for any enterprise that holds a variable interest in a variable interest entity.&nbsp;&nbsp;The adoption of this guidance did not have a material impact to these financial statements.&nbsp;&nbsp;See Note 4: Investments in Unconsolidated Joint Ventures for disclosures regarding the Company's unconsolidated joint ventures.</font></font></div></div></td></tr></table></div></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">On a periodic basis, management assesses whether there are any indicators that the value of the Company's investments in unconsolidated joint ventures may be impaired.&nbsp;&nbsp;An investment is impaired only if management's estimate of the value of the investment is less than the carrying value of the investment, and such decline in value is deemed to be other than temporary.&nbsp;&nbsp;To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the investment over the value of the investment.&nbsp;&nbsp;The Company's estimates of value for each investment (particularly in commercial real estate joint ventures) are based on a number of assumptions that are subject to economic and market uncertainties including, among others, demand for space, competition for tenants, changes in market rental rates, and operating costs.&nbsp;&nbsp;As these factors are difficult to predict and are subject to future events that may alter management's assumptions, the values estimated by management in its impairment analyses may not be realized, and actual losses or impairment may be realized in the future.&nbsp;&nbsp;See Note 4: Investments in Unconsolidated Joint Ventures.</font></div></div> 228413000 46111000 2440000 51000 47047000 76645000 9853000 1435000 30016000 14815000 216309000 46080000 2657000 44000 45345000 73367000 9234000 181000 25811000 13590000 74377000 46111000 2440000 51000 -5650000 121000 9324000 823000 9503000 11654000 67743000 46080000 2657000 44000 -6829000 -2342000 8702000 120000 7473000 11838000 228413000 46111000 2440000 51000 47047000 76645000 9853000 1435000 30016000 14815000 216309000 46080000 2657000 44000 45345000 73367000 9234000 181000 25811000 13590000 8986000 -890000 -136000 188000 7802000 -389000 59000 279000 1785000 288000 347000 -381000 16000 66000 -484000 724000 9000 -17000 256000 158000 865000 -1113000 217000 -1134000 1537000 101000 770000 487000 523000 -362000 75000 -461000 735000 60000 208000 268000 56938000 188000 17200000 24300000 673000 9577000 3407000 1593000 17474000 66000 2692000 9916000 221000 3149000 827000 603000 37697000 217000 4674000 28008000 721000 2424000 1653000 12740000 75000 1340000 9558000 272000 832000 663000 <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -14.4pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div><font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -14.4pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="display: inline; text-decoration: underline;" class="_mt">DISCLOSURE OF FAIR VALUE OF FINANCIAL INSTRUMENTS</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The following disclosure of estimated fair value was determined by management using available market information and appropriate valuation methodologies.&nbsp;&nbsp;However, considerable judgment is necessary to interpret market data and develop estimated fair value.&nbsp;&nbsp;Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize on disposition of the financial instruments at September 30, 2011 and December&nbsp;31, 2010.&nbsp;&nbsp;The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Cash equivalents, marketable securities, receivables, accounts payable, and accrued expenses and other liabilities are carried at amounts which reasonably approximate their fair values as of September 30, 2011 and December 31, 2010.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The fair value of the Company's long-term debt, consisting of senior unsecured notes, an unsecured revolving credit facility and mortgages, loans payable and other obligations aggregate approximately $<font class="_mt">2.0</font> billion and $<font class="_mt">2.2</font> billion as compared to the book value of approximately $<font class="_mt">1.9</font> billion and $<font class="_mt">2.1</font> billion as of September 30, 2011 and December&nbsp;31,&nbsp;2010, respectively.&nbsp;&nbsp;The fair value of the Company's long-term debt is estimated on a level 2 basis (as provided by ASC 820, Fair Value Measurements and Disclosures), using a discounted cash flow analysis based on the borrowing rates currently available to the Company for loans with similar terms and maturities.&nbsp;&nbsp;The fair value of the mortgage debt and the unsecured notes was determined by discounting the future contractual interest and principal payments by a market rate.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Disclosure about fair value of financial instruments is based on pertinent information available to management as of September 30, 2011 and December 31, 2010.&nbsp;&nbsp;Although management is not aware of any factors that would significantly affect the fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since September 30, 2011 and current estimates of fair value may differ significantly from the amounts presented herein.</font></div></div></div> 41155000 31230000 4485000 4289000 4447000 4447000 4400000 26064000 8992000 26538000 8683000 47588000 15884000 8656000 2290000 49694000 16475000 8984000 2359000 69500000 32300000 42252000 13039000 53562000 20500000 50518000 15581000 62949000 24083000 0.53 0.16 0.63 0.24 0.53 0.16 0.62 0.24 4689000 0.05 0.05 213000 -267000 -38000 64000 -267000 30000 36000 511000 144000 475000 -114000 5000 22000 361000 5000 -11000 128000 79000 1174000 -340000 67000 768000 51000 385000 243000 539000 -115000 24000 361000 31000 104000 134000 <div class="MetaData"> <div style="text-indent: 0pt; display: block;">&nbsp;<font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Income and</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Other Taxes</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code").&nbsp;&nbsp;As a REIT, the Company generally will not be subject to corporate federal income tax (including alternative minimum tax) on net income that it currently distributes to its shareholders, provided that the Company satisfies certain organizational and operational requirements including the requirement to distribute at least&nbsp;<font class="_mt">90</font> percent of its REIT taxable income to its shareholders.&nbsp;&nbsp;The Company has elected to treat certain of its corporate subsidiaries as taxable REIT subsidiaries (each a "TRS").&nbsp;&nbsp;In general, a TRS of the Company may perform additional services for tenants of the Company and generally may engage in any real estate or non-real estate related business (except for the operation or management of health care facilities or lodging facilities or the providing to any person, under a franchise, license or otherwise, rights to any brand name under which any lodging facility or health care facility is operated).&nbsp;&nbsp;A TRS is subject to corporate federal income tax.&nbsp;&nbsp;If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to federal income tax (including any applicable alternative minimum tax) on its taxable income at regular corporate tax rates.&nbsp;&nbsp;The Company is subject to certain state and local taxes.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Pursuant to the amended provisions related to uncertain tax provisions of ASC&nbsp;740, Income Taxes, the Company recognized no material adjustments regarding its tax accounting treatment.&nbsp;&nbsp;The Company expects to recognize interest and penalties related to uncertain tax positions, if any, as income tax expense, which is included in general and administrative expense.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">In the normal course of business, the Company or one of its subsidiaries is subject to examination by federal, state and local jurisdictions in which it operates, where applicable.&nbsp;&nbsp;As of September 30, 2011, the tax years that remain subject to examination by the major tax jurisdictions under the statute of limitations are generally from the year&nbsp;2006 forward.</font></div></div> 3376000 5928000 5034000 4927000 -18429000 -10163000 6602000 -3779000 22964000 31238000 -1292000 2321000 1327000 875400 113347000 36941000 94191000 31489000 127257000 99089000 27038000 16875000 3970177000 3988926000 73000 34000 30000 10000 34220000 13022000 995000 1161000 4584000 4598000 9860000 31991000 13015000 1063000 -70000 4273000 3607000 10103000 771960000 772980000 2033 <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"> <div><font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="display: inline; text-decoration: underline;" class="_mt">TENANT LEASES</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Properties are leased to tenants under operating leases with various expiration dates through <font class="_mt">2033</font>.&nbsp;&nbsp;Substantially all of the leases provide for annual base rents plus recoveries and escalation charges based upon the tenant's proportionate share of and/or increases in real estate taxes and certain operating costs, as defined, and the pass-through of charges for electrical usage.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-size: 10pt;" class="_mt">Future minimum rentals to be received under non-cancelable operating leases at September 30, 2011 are as follows&nbsp;</font><font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font>:</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Year</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Amount</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">October 1 through December 31, 2011</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 165.6pt;" class="_mt"> </font>$149,754</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2012</font></div></td> <td valign="top" width="40%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">576,565</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2013</font></div></td> <td valign="top" width="40%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">503,946</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2014</font></div></td> <td valign="top" width="40%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">437,558</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2015</font></div></td> <td valign="top" width="40%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">367,644</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2016 and thereafter</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="40%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">1,450,215</font></div></td></tr> <tr><td valign="top" width="40%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="40%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 18pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 165.6pt;" class="_mt"> </font>$3,485,682</font></div></td></tr></table></div><br /></div></div> 2318529000 2131451000 4362466000 4309872000 228000000 0 27000000 0 <font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The terms of the unsecured facility include certain restrictions and covenants which limit, among other things the incurrence of additional indebtedness, the incurrence of liens and the disposition of real estate properties (to the extent that: (i) such property dispositions cause the Company to default on any of the financial ratios of the facility described below, or (ii) the property dispositions are completed while the Company is under an event of default under the facility, unless, under certain circumstances, such disposition is being carried out to cure such default), and which require compliance with financial ratios relating to the maximum leverage ratio, the maximum amount of secured indebtedness, the minimum amount of tangible net worth, the minimum amount of fixed charge coverage, the maximum amount of unsecured indebtedness, the minimum amount of unencumbered property interest coverage and certain investment limitations.</font> <font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">If an event of default has occurred and is continuing, the Company will not make any excess distributions except to enable the Company to continue to qualify as a REIT under the Code.</font> October 2015 LIBOR plus&nbsp;<font class="_mt">55</font> 600000000 75000000 775000000 2089494000 1850494000 239000000 1886500000 1848500000 38000000 0.0662 0.0663 0.0399375 0.0090 0.0138 <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Marketable</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Securities</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company classifies its marketable securities among three categories: held-to-maturity, trading and available-for-sale.&nbsp;&nbsp;Unrealized holding gains and losses relating to available-for-sale securities are excluded from earnings and reported as other comprehensive income (loss) in equity until realized.&nbsp;&nbsp;A decline in the market value of any held-to-maturity marketable security below cost that is deemed to be other than temporary results in a reduction in the carrying amount to fair value.&nbsp;&nbsp;Any impairment would be charged to earnings and a new cost basis for the security established.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The fair value of the marketable securities is determined using level I inputs under ASC 820, Fair Value Measurements and Disclosures.&nbsp;&nbsp;Level I inputs represent quoted prices available in an active market for identical investments as of the reporting date.</font></div></div> 285665000 280223000 17305000 17305000 <font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -14.4pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="display: inline; text-decoration: underline;" class="_mt">NONCONTROLLING INTERESTS IN SUBSIDIARIES</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Noncontrolling interests in subsidiaries in the accompanying consolidated financial statements relate to (i) preferred units ("Preferred Units") and common units in the Operating Partnership, held by parties other than the Company, and (ii)&nbsp;interests in consolidated joint ventures for the portion of such properties not owned by the Company.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -14.4pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">OPERATING PARTNERSHIP</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -14.4pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">Preferred Units</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">In connection with the Company's issuance of $<font class="_mt">25</font> million of Series C Preferred Stock, the Company acquired from the Operating Partnership $<font class="_mt">25</font> million of Series C Preferred Units (the "Series C Preferred Units"), which have terms essentially identical to the Series C Preferred Stock.&nbsp;&nbsp;In connection with the Company's redemption of Series C Preferred Stock on October 28, 2011, the Operating Partnership will redeem from the Company all issued and outstanding Series C Preferred Units.&nbsp;&nbsp;See Note 14: Mack-Cali Realty Corporation Stockholders' Equity &#8211; Preferred Stock.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">Common Units</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Certain individuals and entities own common units in the Operating Partnership.&nbsp;&nbsp;A common unit and a share of Common Stock of the Company have substantially the same economic characteristics in as much as they effectively share equally in the net income or loss of the Operating Partnership.&nbsp;&nbsp;Common unitholders have the right to redeem their common units, subject to certain restrictions.&nbsp;&nbsp;The redemption is required to be satisfied in shares of Common Stock, cash, or a combination thereof, calculated as follows:&nbsp;&nbsp;one share of the Company's Common Stock, or cash equal to the fair market value of a share of the Company's Common Stock at the time of redemption, for each common unit.&nbsp;&nbsp;The Company, in its sole discretion, determines the form of redemption of common units (i.e., whether a common unitholder receives Common Stock, cash, or any combination thereof).&nbsp;&nbsp;If the Company elects to satisfy the redemption with shares of Common Stock as opposed to cash, it is obligated to issue shares of its Common Stock to the redeeming unitholder.&nbsp;&nbsp;Regardless of the rights described above, the common unitholders may not put their units for cash to the Company or the Operating Partnership under any circumstances.&nbsp;&nbsp;When a unitholder redeems a common unit, noncontrolling interest in the Operating Partnership is reduced and Mack-Cali Realty Corporation Stockholders' equity is increased.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">Unit Transactions</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The following table sets forth the changes in noncontrolling interests in subsidiaries which relate to the common units in the Operating Partnership for the nine months ended September 30, 2011:&nbsp;<font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="60%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="17%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 11.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Common</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="60%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-bottom: black 2px solid;" valign="top" width="17%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 11.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Units</font></div></td></tr> <tr><td valign="top" width="60%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Balance at January 1, 2011</font></div></td> <td style="text-align: right;" valign="top" width="17%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 11.1pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,007,668</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="60%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 9pt;" class="_mt"> </font>Redemption of common units for shares of common stock</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="17%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9.35pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(236,563)</font></div></td></tr> <tr><td valign="top" width="60%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="17%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="60%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Balance at September 30, 2011</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="17%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9.35pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12,771,<font class="_mt">10</font>5</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Pursuant to ASC 810, Consolidation, on the accounting and reporting for noncontrolling interests and changes in ownership interests of a subsidiary, changes in a parent's ownership interest (and transactions with noncontrolling interest unitholders in the subsidiary) while the parent retains its controlling interest in its subsidiary should be accounted for as equity transactions.&nbsp;&nbsp;The carrying amount of the noncontrolling interest shall be adjusted to reflect the change in its ownership interest in the subsidiary, with the offset to equity attributable to the parent.&nbsp;&nbsp;Accordingly, as a result of equity transactions which caused changes in ownership percentages between Mack-Cali Realty Corporation stockholders' equity and noncontrolling interests in the Operating Partnership that occurred during the nine months ended September 30, 2011, the Company has increased noncontrolling interests in the Operating Partnership and decreased additional paid-in capital in Mack-Cali Realty Corporation stockholders' equity by approximately $<font class="_mt">9.4</font> million as of September 30, 2011.</font></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block;">&nbsp;<font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">NONCONTROLLING INTEREST OWNERSHIP</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">As of September 30, 2011 and December 31, 2010, the noncontrolling interest common unitholders owned&nbsp;<font class="_mt">12.8</font> percent and&nbsp;<font class="_mt">14.0</font>&nbsp;percent of the Operating Partnership, respectively.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -14.4pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">CONSOLIDATED JOINT VENTURES</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company has ownership interests in certain joint ventures which it consolidates.&nbsp;&nbsp;Various entities and/or individuals hold noncontrolling interests in these ventures.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">PARTICIPATION RIGHTS</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company's interests in certain real estate projects (four office buildings aggregating&nbsp;<font class="_mt">860,246</font> square feet and two future developments) acquired in 2006 each provide for the initial distributions of net cash flow solely to the Company, and thereafter, other parties, including Mark Yeager, a former executive officer of the Company, have participation rights ("Participation Rights") in&nbsp;<font class="_mt">50</font> percent of the excess net cash flow remaining after the distribution to the Company of the aggregate amount equal to the sum of: (a) the Company's capital contributions, plus (b) an internal rate of return ("IRR") of 10&nbsp;percent per annum.</font></div> 2446000 2031000 -281000 -108000 -308000 -96000 7047000 2150000 8031000 3015000 283219000 278192000 0.140 0.128 107000 107000 90300000 276300000 20300000 21000000 65400000 18300000 1800000 20200000 0.0315 11000000 -282923000 -110001000 -46278000 -66605000 143954000 170609000 46273000 13039000 53562000 20500000 53988000 15189000 61593000 23515000 -113061000 -36432000 -92987000 -30940000 6 129 7 84099000 27345000 87478000 28014000 163579000 52013000 155936000 55023000 18239000 94000 371000 367000 351000 367000 16689000 3485682000 149754000 367644000 437558000 503946000 576565000 1450215000 452449000 150064000 448775000 149700000 <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="display: inline; text-decoration: underline;" class="_mt">ORGANIZATION AND BASIS OF PRESENTATION</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">ORGANIZATION</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Mack-Cali Realty Corporation, a Maryland corporation, together with its subsidiaries (collectively, the "Company"), is a fully-integrated, self-administered, self-managed real estate investment trust ("REIT") providing leasing, management, acquisition, development, construction and tenant-related services for its properties and third parties.&nbsp;&nbsp;As of September 30, 2011, the Company owned or had interests in&nbsp;<font class="_mt">278</font> properties plus developable land (collectively, the "Properties").&nbsp;&nbsp;The Properties aggregate approximately&nbsp;<font class="_mt">32.4</font> million square feet, which are comprised of&nbsp;<font class="_mt">266</font> buildings, primarily office and office/flex buildings totaling approximately&nbsp;<font class="_mt">32.0</font> million square feet (which include&nbsp;<font class="_mt">eight</font> buildings, primarily office buildings aggregating approximately&nbsp;<font class="_mt">1.2</font> million square feet owned by unconsolidated joint ventures in which the Company has investment interests),&nbsp;<font class="_mt">six</font> industrial/warehouse buildings totaling approximately&nbsp;<font class="_mt">387,400</font> square feet,&nbsp;<font class="_mt">two</font> retail properties totaling approximately&nbsp;<font class="_mt">17,300</font> square feet,&nbsp;<font class="_mt">one</font> hotel (which is owned by an unconsolidated joint venture in which the Company has an investment interest) and&nbsp;<font class="_mt">three</font> parcels of land leased to others.&nbsp;&nbsp;The Properties are located in&nbsp;<font class="_mt">five</font> states, primarily in the Northeast, plus the District of Columbia.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">BASIS OF PRESENTATION</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The accompanying consolidated financial statements include all accounts of the Company, its majority-owned and/or controlled subsidiaries, which consist principally of Mack-Cali Realty, L.P. (the "Operating Partnership"), and variable interest entities for which the Company has determined itself to be the primary beneficiary, if any.&nbsp;&nbsp;See Note&nbsp;2: Significant Accounting Policies &#8211; Investments in Unconsolidated Joint Ventures for the Company's treatment of unconsolidated joint venture interests.&nbsp;&nbsp;Intercompany accounts and transactions have been eliminated.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The preparation of financial statements in conformity with generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&nbsp;&nbsp;Actual results could differ from those estimates.&nbsp;&nbsp;Certain reclassifications have been made to prior period amounts in order to conform with current period presentation.</font></div></div></div> 212038000 217850000 9145000 2983000 9885000 2141000 5660000 2014000 3737000 1354000 104000000 126354000 133027000 2010000 14000 47175000 65230000 833000 334000 <div style="text-indent: 0pt; display: block;"><br /> <div><font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -14.4pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-weight: bold;" class="_mt">10.</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="display: inline; font-weight: bold; text-decoration: underline;" class="_mt">EMPLOYEE BENEFIT 401(k) PLANS</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Employees of the Company, who meet certain minimum age and service requirements, are eligible to participate in the Mack-Cali Realty Corporation 401(k) Savings/Retirement Plan (the "401(k) Plan").&nbsp;&nbsp;Eligible employees may elect to defer from&nbsp;<font class="_mt">one</font> percent up to&nbsp;<font class="_mt">60</font> percent of their annual compensation on a pre-tax basis to the 401(k) Plan, subject to certain limitations imposed by federal law.&nbsp;&nbsp;The amounts contributed by employees are immediately vested and non-forfeitable.&nbsp;&nbsp;The Company may make discretionary matching or profit sharing contributions to the 401(k) Plan on behalf of eligible participants in any plan year.&nbsp;&nbsp;<font class="_mt">Participants are always 100 percent vested in their pre-tax contributions and will begin vesting in any matching or profit sharing contributions made on their behalf after two years of service with the Company at a rate of 20 percent per year, becoming 100 percent vested after a total of six years of service with the Company.&nbsp;</font>&nbsp;All contributions are allocated as a percentage of compensation of the eligible participants for the Plan year.&nbsp;&nbsp;The assets of the 401(k) Plan are held in trust and a separate account is established for each participant.&nbsp;&nbsp;A participant may receive a distribution of&nbsp;<a name="page_do17402_1_36"> </a>his or her vested account balance in the 401(k) Plan in a single sum or in installment payments upon his or her termination of service with the Company.&nbsp;&nbsp;The Company did not make any contributions nor recognize any expense for the 401(k) Plan for each of the nine months ended September 30, 2011 and 2010, respectively.</font></div><br /></div></div> 0.08 50.00 0.01 0.01 0 2500 5000000 5000000 10000 10000 10000 10000 25000000 25000000 25000000 30033000 36881000 227374000 1473000 960000 3048000 1585000 219000000 55207000 15581000 62949000 7723000 55226000 24083000 <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Rental</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Property</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Rental properties are stated at cost less accumulated depreciation and amortization.&nbsp;&nbsp;Costs directly related to the acquisition, development and construction of rental properties are capitalized. Pursuant to the Company's adoption of ASC 805, Business Combinations, effective January 1, 2009, acquisition-related costs are expensed as incurred.&nbsp;&nbsp;Capitalized development and construction costs include pre-construction costs essential to the development of the property, development and construction costs, interest, property taxes, insurance, salaries and other project costs incurred during the period of development.&nbsp;&nbsp;Included in total rental property is construction, tenant improvement and development in-progress of $<font class="_mt">30,948,000</font> and $<font class="_mt">65,990,000</font> as of September 30, 2011 and December 31, 2010, respectively.&nbsp;&nbsp;Ordinary repairs and maintenance are expensed as incurred; major replacements and betterments, which improve or extend the life of the asset, are capitalized and depreciated over their estimated useful lives.&nbsp;&nbsp;Fully-depreciated assets are removed from the accounts.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company considers a construction project as substantially completed and held available for occupancy upon the completion of tenant improvements, but no later than one year from cessation of major construction activity (as distinguished from activities such as routine maintenance and cleanup).&nbsp;&nbsp;If portions of a rental project are substantially completed and occupied by tenants, or held available for occupancy, and other portions have not yet reached that stage, the substantially completed portions are accounted for as a separate project.&nbsp;&nbsp;The Company allocates costs incurred between the portions under construction and the portions substantially completed and held available for occupancy, and capitalizes only those costs associated with the portion under construction.</font></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Properties are depreciated using the straight-line method over the estimated useful lives of the assets.&nbsp;&nbsp;The estimated useful lives are as follows:</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div align="center"> <table style="font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0" width="85%"> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Leasehold interests</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Remaining lease term</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Buildings and improvements</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">5 </font></font>to&nbsp;<font class="_mt">40</font> years</font></div></td></tr> <tr><td valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Tenant improvements</font></div></td> <td valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">The shorter of the term of the</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">related lease or useful life</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Furniture, fixtures and equipment</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">5 </font></font>to&nbsp;<font class="_mt">10</font> years</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Upon acquisition of rental property, the Company estimates the fair value of acquired tangible assets, consisting of land, building and improvements, and identified intangible assets and liabilities assumed, generally consisting of the fair value of (i) above and below market leases, (ii) in-place leases and (iii) tenant relationships.&nbsp;&nbsp;The Company allocates the purchase price to the assets acquired and liabilities assumed based on their fair values.&nbsp;&nbsp;The Company records goodwill or a gain on bargain purchase (if any) if the net assets acquired/liabilities assumed exceed the purchase consideration of a transaction.&nbsp;&nbsp;In estimating the fair value of the tangible and intangible assets acquired, the Company considers information obtained about each property as a result of its due diligence and marketing and leasing activities, and utilizes various valuation methods, such as estimated cash flow projections utilizing appropriate discount and capitalization rates, estimates of replacement costs net of depreciation, and available market information.&nbsp;&nbsp;The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Above-market and below-market lease values for acquired properties are initially recorded based on the present value, (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management's estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases. The capitalized above-market lease values are amortized as a reduction of base rental revenue over the remaining term of the respective leases, and the capitalized below-market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below-market fixed rate renewal options of the respective leases.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Other intangible assets acquired include amounts for in-place lease values and tenant relationship values, which are based on management's evaluation of the specific characteristics of each tenant's lease and the Company's overall relationship with the respective tenant.&nbsp;&nbsp;Factors to be considered by management in its analysis of in-place lease values include an estimate of carrying costs during hypothetical expected lease-up periods considering current market conditions, and costs to execute similar leases.&nbsp;&nbsp;In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions.&nbsp;&nbsp;In estimating costs to execute similar leases, management considers leasing commissions, legal and other related expenses.&nbsp;&nbsp;Characteristics considered by management in valuing tenant relationships include the nature and extent of the Company's existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant's credit quality and expectations of lease renewals.&nbsp;&nbsp;The value of in-place leases are amortized to expense over the remaining initial terms of the respective leases.&nbsp;&nbsp;The value of tenant relationship intangibles are amortized to expense over the anticipated life of the relationships.</font></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">On a periodic basis, management assesses whether there are any indicators that the value of the Company's rental properties held for use may be impaired.&nbsp;&nbsp;In addition to identifying any specific circumstances which may affect a property or properties, management considers other criteria for determining which properties may require assessment for potential impairment.&nbsp;&nbsp;The criteria considered by management include reviewing low leased percentages, significant near-term lease expirations, recently acquired properties, current and historical operating and/or cash flow losses, near-term mortgage debt maturities or other factors that might impact the Company's intent and ability to hold the property.&nbsp;&nbsp;A property's value is impaired only if management's estimate of the aggregate future cash flows (undiscounted and without interest charges) to be generated by the property is less than the carrying value of the property.&nbsp;&nbsp;To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the property over the fair value of the property.&nbsp;&nbsp;The Company's estimates of aggregate future cash flows expected to be generated by each property are based on a number of assumptions.&nbsp;&nbsp;These assumptions are generally based on management's experience in its local real estate markets and the effects of current market conditions.&nbsp;&nbsp;The assumptions are subject to economic and market uncertainties including, among others, demand for space, competition for tenants, changes in market rental rates, and costs to operate each property.&nbsp;&nbsp;As these factors are difficult to predict and are subject to future events that may alter management's assumptions, the future cash flows estimated by management in its impairment analyses may not be achieved, and actual losses or impairment may be realized in the future.</font></div></div> 40 10 5 5 <div style="text-indent: 0pt; display: block;"><br /></div> <div align="center"> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;" class="_mt">3.</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;" class="_mt"><font style="display: inline; text-decoration: underline;" class="_mt">REAL ESTATE TRANSACTION</font></font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"> <div><font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The following office property commenced initial operations during the nine months ended September 30, 2011:&nbsp;&nbsp;<font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-top: black 0.5pt solid;" valign="top" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-top: black 0.5pt solid;" valign="top" width="17%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-top: black 0.5pt solid;" valign="top" width="26%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-top: black 0.5pt solid;" valign="top" width="6%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"># of</font></div></td> <td style="border-top: black 0.5pt solid;" valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Rentable</font></div></td> <td style="border-top: black 0.5pt solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Investment by</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Date</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="17%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Property/Address</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="26%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Location</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="6%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Bldgs.</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Square Feet</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company (a)</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="9%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -4.5pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/01/11</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="17%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -4.5pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">55 Corporate Drive</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="26%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -4.5pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Bridgewater, New Jersey</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="6%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">1</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">204,057</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$46,340</font></div></td></tr> <tr><td valign="top" width="26%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="26%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="6%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="11%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="43%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total Properties Commencing Initial Operations:</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="10%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-bottom: black 3px double;" valign="top" width="6%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">1</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">204,057</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$46,340</font></div></td></tr> <tr><td valign="top" width="26%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="26%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="6%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="11%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td valign="top" width="79%" colspan="7"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(a)</font><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Amount is as of September 30, 2011.</font></div></td></tr></table></div><br /></div></div> <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 99.35pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Rental Property</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 99.35pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Held for Sale and</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 99.35pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Discontinued</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Operations</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">When assets are identified by management as held for sale, the Company discontinues depreciating the assets and estimates the sales price, net of selling costs, of such assets.&nbsp;&nbsp;If, in management's opinion, the estimated net sales price of the assets which have been identified as held for sale is less than the net book value of the assets, a valuation allowance is established.&nbsp;&nbsp;Properties identified as held for sale and/or disposed of are presented in discontinued operations for all periods presented.&nbsp;&nbsp;See Note 6: Discontinued Operations.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">If circumstances arise that previously were considered unlikely and, as a result, the Company decides not to sell a property previously classified as held for sale, the property is reclassified as held and used.&nbsp;&nbsp;A property that is reclassified is measured and recorded individually at the lower of (a) its carrying amount before the property was classified as held for sale, adjusted for any depreciation (amortization) expense that would have been recognized had the property been continuously classified as held and used, or (b) the fair value at the date of the subsequent decision not to sell.</font></div></div> 1278985000 1369218000 5216720000 5253281000 3937735000 3884063000 46340000 46340000 595324000 197956000 544592000 177155000 72986000 24913000 63934000 14503000 <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Allowance for</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 120px;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Doubtful Accounts</font></font></div></td> <td width="1517"> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Management periodically performs a detailed review of amounts due from tenants to determine if accounts receivable balances are impaired based on factors affecting the collectability of those balances.&nbsp;&nbsp;Management's estimate of the allowance for doubtful accounts requires management to exercise significant judgment about the timing, frequency and severity of collection losses, which affects the allowance and net income.</font></div></td></tr></table></div></div> 420000000 26800000 6032000 6382000 150000000 17310000 19631000 1869000 626000 2070000 690000 -560165000 -624110000 <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Revenue</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Recognition</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Base rental revenue is recognized on a straight-line basis over the terms of the respective leases.<font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">&nbsp;</font> Unbilled rents receivable represents the amount by which straight-line rental revenue exceeds rents currently billed in accordance with the lease agreements.&nbsp;&nbsp;Above-market and below-market lease values for acquired properties are initially recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management's estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining terms of the lease for above-market leases and the remaining initial terms plus the terms of any below-market fixed-rate renewal options for below-market leases.&nbsp;&nbsp;The capitalized above-market lease values for acquired properties are amortized as a reduction of base rental revenue over the remaining terms of the respective leases, and the capitalized below-market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below-market fixed-rate renewal options of the respective leases.&nbsp;&nbsp;Escalations and recoveries from tenants are received from tenants for certain costs as provided in the lease agreements.&nbsp;&nbsp;These costs generally include real estate taxes, utilities, insurance, common area maintenance and other recoverable costs.&nbsp;&nbsp;See Note 13: Tenant Leases.&nbsp;&nbsp;Construction services revenue includes fees earned and reimbursements received by the Company for providing construction management and general contractor services to clients.&nbsp;&nbsp;Construction services revenue is recognized on the percentage of completion method.&nbsp;&nbsp;Using this method, profits are recorded on the basis of estimates of the overall profit and percentage of completion of individual contracts.&nbsp;&nbsp;A portion of the estimated profits is accrued based upon estimates of the percentage of completion of the construction contract.&nbsp;&nbsp;This revenue recognition method involves inherent risks relating to profit and cost estimates.&nbsp;&nbsp;Real estate services revenue includes property management, facilities management, leasing commission fees and other services, and payroll and related costs reimbursed from clients.&nbsp;&nbsp;Other income includes income from parking spaces leased to tenants, income from tenants for additional services arranged for by the Company and income from tenants for early lease terminations.</font></div></td></tr></table></div></div> <table style="font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="61%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Nine Months Ended</font></div></td></tr> <tr><td valign="top" width="61%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">September 30,</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="61%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td style="border-bottom: black 2px solid;" valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">2010</font></div></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Total revenues</font></div></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$ 2,255</font></div></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Operating and other expenses</font></div></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 5.05pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">(1,173)</font></div></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Depreciation and amortization</font></div></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 5.05pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">(409)</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Interest expense (net of interest income)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 5.05pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">(431)</font></div></td></tr> <tr><td valign="top" width="61%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td valign="top" width="19%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Income from discontinued operations before</font></div></td> <td valign="top" width="19%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">gains (losses) and unrealized losses on</font></div></td> <td valign="top" width="19%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">disposition of rental property</font></div></td> <td valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">242</font></div></td></tr> <tr><td valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Realized gains (losses) and unrealized losses on</font></div></td> <td valign="top" width="19%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">disposition of rental property, net</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">4,447</font></div></td></tr> <tr><td valign="top" width="61%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td valign="top" width="19%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="61%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Total discontinued operations, net</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="19%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$ 4,689</font></div></td></tr></table> <div class="MetaData"> <div style="text-indent: 0pt; display: block;"><br /></div> <div align="left"> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -0.9pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Three Months Ended</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Computation of Basic EPS</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">24,083</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,581</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Add:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncontrolling interest in consolidated joint ventures</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">96</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">108</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deduct:&nbsp;&nbsp;Noncontrolling interest in operating partnership</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,015</font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,150</font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deduct:&nbsp;&nbsp;Preferred stock dividends</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(664</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(500</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20,500</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,039</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20,500</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,039</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Weighted average common shares</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">87,019</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">79,304</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-weight: bold; text-decoration: underline;" class="_mt">Basic EPS</font>:</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.24</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="right">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.16</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.24</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.16</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div align="left"> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -0.9pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Three Months Ended</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Computation of Diluted EPS</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20,500</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,039</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -5.4pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Add:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncontrolling interest in operating partnership</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">3,015</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2,150</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations for diluted earnings per share</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">23,515</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,189</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations for diluted earnings</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;per share</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">23,515</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,189</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Weighted average common shares</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">99,917</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">92,464</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-weight: bold; text-decoration: underline;" class="_mt">Diluted EPS</font>:</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.24</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="right">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.16</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.24</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.16</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The following information presents the Company's results for the nine months ended September 30, 2011 and 2010 in accordance with ASC 260, Earnings Per Share:&nbsp;&nbsp;<font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div align="left"> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -0.9pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Nine Months Ended</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Computation of Basic EPS</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">62,949</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">50,518</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Add:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncontrolling interest in consolidated joint ventures</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">308</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">281</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deduct:&nbsp;&nbsp;Noncontrolling interest in operating partnership</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(8,031</font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(7,047</font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deduct:&nbsp;&nbsp;Preferred stock dividends</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,664</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,500</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">53,562</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">42,252</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,021</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">53,562</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">46,273</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Weighted average common shares</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">85,649</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">79,161</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-weight: bold; text-decoration: underline;" class="_mt">Basic EPS</font>:</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.63</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="right">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.53</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.05</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.63</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.58</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div align="left"> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -0.9pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Nine Months Ended</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Computation of Diluted EPS</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">53,562</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">42,252</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -5.4pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Add:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncontrolling interest in operating partnership</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">8,031</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7,047</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations for diluted earnings per share</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">61,593</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">49,299</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations for diluted earnings</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;per share</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,689</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">61,593</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">53,988</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Weighted average common shares</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">98,631</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">92,467</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-weight: bold; text-decoration: underline;" class="_mt">Diluted EPS</font>:</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.62</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="right">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.53</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.05</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.62</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.58</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr></table></div></div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Year</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Amount&nbsp;&nbsp;</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">October 1 through December 31, 2011</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2012</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">367</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2013</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">351</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2014</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">367</font></div></td></tr> <tr><td valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2015</font></div></td> <td style="text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">371</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2016 through 2084</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,689</font></div></td></tr> <tr><td valign="top" width="40%">&nbsp;</td> <td valign="top" width="40%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="40%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -18pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="40%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 13.5pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$18,239</font></div></td></tr></table> <font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="display: inline; text-decoration: underline;" class="_mt">UNSECURED REVOLVING CREDIT FACILITY</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block;"><font size="2" class="_mt">On October 21, 2011, the Company amended and restated its unsecured revolving credit facility with a group of&nbsp;<font class="_mt">20</font> lenders.&nbsp;&nbsp;The $<font class="_mt">600</font> million facility is expandable to $<font class="_mt">1</font> billion and matures in <font class="_mt">October 2015</font>. It has a one year extension option with the payment of a&nbsp;<font class="_mt">20</font> basis point fee.&nbsp;&nbsp;The interest rate on outstanding borrowings (not electing the Company's competitive bid feature) and the facility fee on the current borrowing capacity payable quarterly in arrears are based upon the Operating Partnership's unsecured debt ratings, as follows:</font></div> <div style="text-indent: 0pt; display: block;"><br />&nbsp;</div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Operating Partnership's</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 17.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Interest Rate &#8211;</font></div></td> <td valign="top" width="14%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Unsecured Debt Ratings:</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Applicable Basis Points</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Facility Fee</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Higher of S&amp;P or Moody's</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Above LIBOR</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Basis Points</font></div></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">No ratings or less than BBB-/Baa3</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">185.0</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">45.0</font></div></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">BBB- or Baa3</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">150.0</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">35.0</font></div></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">BBB or Baa2(current)</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">125.0</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">25.0</font></div></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">BBB+or&nbsp;&nbsp;Baa1</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">107.5</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20.0</font></div></td></tr> <tr><td valign="top" width="44%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">A-or A3 or higher</font></div></td> <td valign="top" width="22%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">100.0</font></div></td> <td valign="top" width="14%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">17.5</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The facility has a competitive bid feature, which allows the Company to solicit bids from lenders under the facility to borrow up to $<font class="_mt">300</font> million at interest rates less than those above.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The terms of the unsecured facility include certain restrictions and covenants which limit, among other things the incurrence of additional indebtedness, the incurrence of liens and the disposition of real estate properties (to the extent that: (i) such property dispositions cause the Company to default on any of the financial ratios of the facility described below, or (ii) the property dispositions are completed while the Company is under an event of default under the facility, unless, under certain circumstances, such disposition is being carried out to cure such default), and which require compliance with financial ratios relating to the maximum leverage ratio, the maximum amount of secured indebtedness, the minimum amount of tangible net worth, the minimum amount of fixed charge coverage, the maximum amount of unsecured indebtedness, the minimum amount of unencumbered property interest coverage and certain investment limitations.</font></font>&nbsp;&nbsp;<font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">If an event of default has occurred and is continuing, the Company will not make any excess distributions except to enable the Company to continue to qualify as a REIT under the Code.</font></font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The lending group for the credit facility consists of: JPMorgan Chase Bank, N.A., as administrative agent; Bank of America, N.A.<font style="font-style: italic; display: inline;" class="_mt">,&nbsp;</font>as syndication agent; Deutsche Bank Trust Company Americas; US Bank National Association and Wells Fargo Bank, N.A., as documentation agents; Capital One, N.A.; Citicorp North America, Inc.; Comerica Bank; PNC Bank, National Association; SunTrust Bank; The Bank of New York Mellon; The Bank of Tokyo-Mitsubishi UFJ, LTD., as managing agents; and Compass Bank; Branch Banking and Trust Company; TD Bank, N.A.; Citizens Bank of Pennsylvania; Chang Hwa Commercial Bank, LTD., New York Branch; Mega International Commercial Bank Co., LTD., New York Branch; First Commercial Bank, New York Branch; and Hua Nan Commercial Bank, LTD., New York Agency, as participants.</font></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">As of September 30, 2011 and December 31, 2010, the Company had outstanding borrowings of $<font class="_mt">27</font> million and $<font class="_mt">228</font> million, respectively, under its unsecured revolving credit facility.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Through October 20, 2011, the Company had a $<font class="_mt">775</font> million unsecured revolving credit facility.&nbsp;&nbsp;The interest rate on outstanding borrowings (not electing the Company's competitive bid feature) was&nbsp;<font class="_mt">LIBOR plus&nbsp;<font class="_mt">55</font></font> basis points.</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"> <div><font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt"><br />MONEY MARKET LOAN</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company has an agreement with JPMorgan Chase Bank to participate in a noncommitted money market loan program ("Money Market Loan").&nbsp;&nbsp;The Money Market Loan is an unsecured borrowing of up to $<font class="_mt">75</font> million arranged by JPMorgan Chase Bank with maturities of <font class="_mt">30 days or less</font>.&nbsp;&nbsp;The rate of interest on the Money Market Loan borrowing is set at the time of each borrowing.&nbsp;&nbsp;As of September 30, 2011 and December 31, 2010, the Company had no outstanding borrowings under the Money Market Loan.</font></div></div></div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="60%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="17%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 11.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Common</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="60%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-bottom: black 2px solid;" valign="top" width="17%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 11.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Units</font></div></td></tr> <tr><td valign="top" width="60%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Balance at January 1, 2011</font></div></td> <td style="text-align: right;" valign="top" width="17%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 11.1pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,007,668</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="60%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="margin-left: 9pt;" class="_mt"> </font>Redemption of common units for shares of common stock</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="17%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9.35pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(236,563)</font></div></td></tr> <tr><td valign="top" width="60%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="17%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="60%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Balance at September 30, 2011</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="17%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9.35pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12,771,<font class="_mt">10</font>5</font></div></td></tr></table> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-top: black 0.5pt solid;" valign="top" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-top: black 0.5pt solid;" valign="top" width="17%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-top: black 0.5pt solid;" valign="top" width="26%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-top: black 0.5pt solid;" valign="top" width="6%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"># of</font></div></td> <td style="border-top: black 0.5pt solid;" valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Rentable</font></div></td> <td style="border-top: black 0.5pt solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Investment by</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="9%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Date</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="17%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Property/Address</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="26%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Location</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="6%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Bldgs.</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Square Feet</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company (a)</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="9%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -4.5pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">05/01/11</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="17%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -4.5pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">55 Corporate Drive</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="26%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -4.5pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Bridgewater, New Jersey</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="6%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">1</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">204,057</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$46,340</font></div></td></tr> <tr><td valign="top" width="26%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="26%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="6%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="11%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="43%" colspan="3" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total Properties Commencing Initial Operations:</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="10%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-bottom: black 3px double;" valign="top" width="6%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">1</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">204,057</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$46,340</font></div></td></tr> <tr><td valign="top" width="26%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="26%" colspan="2"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="6%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="11%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td valign="top" width="79%" colspan="7"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(a)</font><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Amount is as of September 30, 2011.</font></div></td></tr></table> <div class="MetaData"> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Construction</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font></div></td> <td valign="top" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="29%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Real Estate</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Services</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&amp; Other (d)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Total revenues:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Three months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$174,212</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$2,406</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$177,155</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">181,030</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,733</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">193</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">197,956</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Nine months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$533,509</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$9,225</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;1,858</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$544,592</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">546,382</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">50,173</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,231)</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">595,324</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="33%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Total operating and interest expenses (a):</font></div></td> <td valign="top" width="7%">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Three months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;62,192</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$2,681</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$40,240</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$105,113</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(e)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">73,433</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,629</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">44,810</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">134,872</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(f)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Nine months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$207,509</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$10,066</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$120,328</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$337,903</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(g)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">213,139</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">49,723</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">138,215</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">401,077</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(h)</font></div></td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="33%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Equity in earnings (loss) of unconsolidated</font></div></td> <td valign="top" width="7%">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="33%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">joint ventures:</font></div></td> <td valign="top" width="7%">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Three months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">475</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">475</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Nine months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,174</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,174</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">213</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">213</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Net operating income (b):</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Three months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$112,559</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;(275)</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$(39,703)</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;72,581</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(e)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">108,072</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">104</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(44,617)</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">63,559</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(f)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Nine months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$327,174</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;(841)</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$(118,470)</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$207,863</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(g)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">333,456</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">450</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(139,446)</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">194,460</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(h)</font></div></td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Total assets:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$4,291,958</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$5,799</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$12,115</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$4,309,872</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">December 31, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,332,408&nbsp;&nbsp;</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,929</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,129</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,362,466</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Total long-lived assets (c):</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$4,045,531</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;2,390</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$4,047,921</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">December 31, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,096,242&nbsp;&nbsp;</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2,630</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,098,872</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="80%" colspan="7">&nbsp;</td></tr> <tr><td valign="top" width="80%" colspan="7">&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br />&nbsp;</div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(a)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Total operating and interest expenses represent the sum of:&nbsp;&nbsp;real estate taxes; utilities; operating services; direct construction costs; real estate services salaries, wages and other costs; general and administrative and interest expense (net of interest income). All interest expense, net of interest income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate&nbsp;&amp; Other for all periods.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(b)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Net operating income represents total revenues less total operating and interest expenses [as defined in Note (a)], plus equity in earnings (loss) of unconsolidated joint ventures, for the period.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(c)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and investments in unconsolidated joint ventures.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(d)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Corporate &amp; Other represents all corporate-level items (including interest and other investment income, interest expense and non-property general and administrative expense) as well as intercompany eliminations necessary to reconcile to consolidated Company totals.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(e)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Excludes $<font class="_mt">48,498</font> of depreciation and amortization.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(f)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Excludes $<font class="_mt">47,978</font> of depreciation and amortization.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(g)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Excludes $<font class="_mt">144,914</font> of depreciation and amortization.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(h)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Excludes $<font class="_mt">143,942</font> of depreciation and amortization.</font></font></font></div></td></tr></table></div></div> <table style="line-height: 115%; width: 100%; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Weighted-Average</font></p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Grant &#8211; Date</font></p></td></tr> <tr><td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Shares</font></p></td> <td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Fair Value</font></p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Outstanding at January 1, 2011</font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">239,759</font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">$35.90</font></p></td></tr> <tr><td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Vested</font></p></td> <td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">(82,078)</font></p></td> <td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">37.01</font></p></td></tr> <tr><td style="border-bottom: black 3px double; padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Outstanding at September 30, 2011</font></p></td> <td style="border-bottom: black 3px double; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">157,681</font></p></td> <td style="border-bottom: black 3px double; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">$35.32</font></p></td></tr></table> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="42%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Weighted</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Aggregate</font></div></td></tr> <tr><td valign="top" width="42%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.55pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Shares</font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Average</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Intrinsic</font></div></td></tr> <tr><td valign="top" width="42%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.55pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Under</font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Exercise</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Value</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="42%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.55pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Options</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Price</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$(000's)</font></div></td></tr> <tr><td valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Outstanding&nbsp;&nbsp;as January 1, 2011</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.55pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">295,676</font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$29.05</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$1,186</font></div></td></tr> <tr><td valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Exercised</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 5.75pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(107,806)</font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$28.27</font></div></td> <td valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Cancelled</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 5.75pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(4,000)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$28.80</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Outstanding at September 30, 2011 ($<font class="_mt">28.47</font> &#8211; $<font class="_mt">45.47</font>)</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.65pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">183,870</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$29.51</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td></tr> <tr><td valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Options exercisable at September 30, 2011</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.65pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">183,870</font></div></td> <td valign="top" width="13%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Available for grant at September 30, 2011</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.65pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2,425,073</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="13%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr></table> 743043000 3893000 11599000 16627000 37096000 14395000 234521000 4646000 11000000 19443000 44540000 61224000 6475000 6103000 16089000 15606000 19341000 11270000 31537000 11467000 16171000 150000000 740437000 3888000 11954000 16413000 37655000 14427000 232351000 4522000 11000000 19293000 44197000 61893000 6304000 5951000 15674000 15829000 19126000 10905000 31139000 11745000 16171000 150000000 <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="display: inline; text-decoration: underline;" class="_mt">SEGMENT REPORTING</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company operates in two business segments: (i) real estate and (ii) construction services.&nbsp;&nbsp;The Company provides leasing, property and facilities management, acquisition, development, construction and tenant-related services for its portfolio.&nbsp;&nbsp;In May 2006, in conjunction with the Company's acquisition of the Gale Company and related businesses, the Company acquired a business specializing solely in construction and related services whose operations comprise the Company's construction services segment.&nbsp;&nbsp;The Company had no revenues from foreign countries recorded for the three and nine months ended September 30, 2011 and 2010.&nbsp;&nbsp;The Company had no long lived assets in foreign locations as of September&nbsp;30, 2011 and December 31, 2010.&nbsp;&nbsp;The accounting policies of the segments are the same as those described in Note&nbsp;2:&nbsp;Significant Accounting Policies, excluding depreciation and amortization.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company evaluates performance based upon net operating income from the combined properties in the real estate segment and net operating income from its construction services segment.</font></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-size: 10pt;" class="_mt">Selected results of operations for the three and nine months ended September 30, 2011 and 2010 and selected asset information as of September 30, 2011 and December 31, 2010 regarding the Company's operating segments are as follows&nbsp;</font><font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font>:</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div class="MetaData"> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Construction</font></div></td> <td valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Corporate</font></div></td> <td valign="top" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Total</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="29%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" colspan="2" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Real Estate</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Services</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="11%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&amp; Other (d)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Company</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Total revenues:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Three months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$174,212</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$2,406</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$177,155</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">181,030</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,733</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">193</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">197,956</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Nine months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$533,509</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$9,225</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;1,858</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$544,592</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">546,382</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">50,173</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,231)</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">595,324</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="33%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Total operating and interest expenses (a):</font></div></td> <td valign="top" width="7%">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Three months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;62,192</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$2,681</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$40,240</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$105,113</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(e)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">73,433</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,629</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">44,810</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">134,872</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(f)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Nine months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$207,509</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$10,066</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$120,328</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$337,903</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(g)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">213,139</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">49,723</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">138,215</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">401,077</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(h)</font></div></td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="33%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Equity in earnings (loss) of unconsolidated</font></div></td> <td valign="top" width="7%">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="33%" colspan="2" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">joint ventures:</font></div></td> <td valign="top" width="7%">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Three months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">475</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">475</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Nine months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,174</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,174</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">213</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">213</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Net operating income (b):</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Three months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$112,559</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;(275)</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$(39,703)</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;72,581</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(e)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">108,072</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">104</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(44,617)</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">63,559</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(f)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;Nine months ended:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$327,174</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;(841)</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$(118,470)</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$207,863</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(g)</font></div></td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">333,456</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">450</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(139,446)</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">194,460</font></div></td> <td valign="top" width="6%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(h)</font></div></td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Total assets:</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$4,291,958</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$5,799</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$12,115</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$4,309,872</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">December 31, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,332,408&nbsp;&nbsp;</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,929</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">16,129</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,362,466</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%">&nbsp;</td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Total long-lived assets (c):</font></div></td> <td valign="top" width="11%" colspan="2">&nbsp;</td> <td valign="top" width="12%">&nbsp;</td> <td valign="top" width="11%">&nbsp;</td> <td valign="top" width="10%">&nbsp;</td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30, 2011</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$4,045,531</font></div></td> <td style="text-align: right;" valign="top" width="12%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$&nbsp;&nbsp;&nbsp;&nbsp;2,390</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$4,047,921</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td valign="top" width="29%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">December 31, 2010</font></div></td> <td style="text-align: right;" valign="top" width="11%" colspan="2"> <div><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,096,242&nbsp;&nbsp;</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td> <td style="text-align: right;" valign="top" width="11%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2,630</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,098,872</font></div></td> <td valign="top" width="6%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="80%" colspan="7">&nbsp;</td></tr> <tr><td valign="top" width="80%" colspan="7">&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br />&nbsp;</div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(a)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Total operating and interest expenses represent the sum of:&nbsp;&nbsp;real estate taxes; utilities; operating services; direct construction costs; real estate services salaries, wages and other costs; general and administrative and interest expense (net of interest income). All interest expense, net of interest income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate&nbsp;&amp; Other for all periods.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(b)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Net operating income represents total revenues less total operating and interest expenses [as defined in Note (a)], plus equity in earnings (loss) of unconsolidated joint ventures, for the period.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(c)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and investments in unconsolidated joint ventures.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(d)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Corporate &amp; Other represents all corporate-level items (including interest and other investment income, interest expense and non-property general and administrative expense) as well as intercompany eliminations necessary to reconcile to consolidated Company totals.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(e)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Excludes $<font class="_mt">48,498</font> of depreciation and amortization.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(f)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Excludes $<font class="_mt">47,978</font> of depreciation and amortization.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(g)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Excludes $<font class="_mt">144,914</font> of depreciation and amortization.</font></font></font></div></td></tr></table></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">(h)</font></div></td> <td> <div align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Excludes $<font class="_mt">143,942</font> of depreciation and amortization.</font></font></font></div></td></tr></table></div></div> <div>&nbsp;</div> 50173000 -1231000 546382000 16733000 193000 181030000 9225000 1858000 533509000 2406000 537000 174212000 2173000 2393000 five three one Participants are always 100 percent vested in their pre-tax contributions and will begin vesting in any matching or profit sharing contributions made on their behalf after two years of service with the Company at a rate of 20 percent per year, becoming 100 percent vested after a total of six years of service with the Company. 216802 239759 157681 157681 35.90 35.32 82078 37.01 0.60 2425073 344000 203000 496000 140000 28.27 -4000 28.80 1186000 <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Stock</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Compensation</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company accounts for stock options and restricted stock awards granted prior to 2002 using the intrinsic value method prescribed in the previously existing accounting guidance on accounting for stock issued to employees.&nbsp;&nbsp;Under this guidance, compensation cost for stock options is measured as the excess, if any, of the quoted market price of the Company's stock at the date of grant over the exercise price of the option granted.&nbsp;&nbsp;Compensation cost for stock options is recognized ratably over the vesting period.&nbsp;&nbsp;The Company's policy is to grant options with an exercise price equal to the quoted closing market price of the Company's stock on the business day preceding the grant date.&nbsp;&nbsp;Accordingly, no compensation cost has been recognized under the Company's stock option plans for the granting of stock options made prior to 2002.&nbsp;&nbsp;Restricted stock awards granted prior to 2002 are valued at the vesting dates of such awards with compensation cost for such awards recognized ratably over the vesting period.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">In 2002, the Company adopted the provisions of ASC 718, Compensation-Stock Compensation.&nbsp;&nbsp;In 2006, the Company adopted the amended guidance, which did not have a material effect on the Company's financial position and results of operations.&nbsp;&nbsp;These provisions require that the estimated fair value of restricted stock ("Restricted Stock Awards") and stock options at the grant date be amortized ratably into expense over the appropriate vesting period.&nbsp;&nbsp;The Company recorded restricted stock expense of $<font class="_mt">690,000</font> and $<font class="_mt">626,000</font> for the three months ended September 30, 2011 and 2010, respectively, and $<font class="_mt">2,070,000</font> and $<font class="_mt">1,869,000</font> for the nine months ended September 30, 2011 and 2010, respectively.</font></div></div> 29.05 29.51 1.7 1.2 28.47 183870 295676 183870 45.47 79605000 10000 87142000 10000 <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="display: inline; text-decoration: underline;" class="_mt">SIGNIFICANT ACCOUNTING POLICIES</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Rental</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Property</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Rental properties are stated at cost less accumulated depreciation and amortization.&nbsp;&nbsp;Costs directly related to the acquisition, development and construction of rental properties are capitalized. Pursuant to the Company's adoption of ASC 805, Business Combinations, effective January 1, 2009, acquisition-related costs are expensed as incurred.&nbsp;&nbsp;Capitalized development and construction costs include pre-construction costs essential to the development of the property, development and construction costs, interest, property taxes, insurance, salaries and other project costs incurred during the period of development.&nbsp;&nbsp;Included in total rental property is construction, tenant improvement and development in-progress of $<font class="_mt">30,948,000</font> and $<font class="_mt">65,990,000</font> as of September 30, 2011 and December 31, 2010, respectively.&nbsp;&nbsp;Ordinary repairs and maintenance are expensed as incurred; major replacements and betterments, which improve or extend the life of the asset, are capitalized and depreciated over their estimated useful lives.&nbsp;&nbsp;Fully-depreciated assets are removed from the accounts.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company considers a construction project as substantially completed and held available for occupancy upon the completion of tenant improvements, but no later than one year from cessation of major construction activity (as distinguished from activities such as routine maintenance and cleanup).&nbsp;&nbsp;If portions of a rental project are substantially completed and occupied by tenants, or held available for occupancy, and other portions have not yet reached that stage, the substantially completed portions are accounted for as a separate project.&nbsp;&nbsp;The Company allocates costs incurred between the portions under construction and the portions substantially completed and held available for occupancy, and capitalizes only those costs associated with the portion under construction.</font></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Properties are depreciated using the straight-line method over the estimated useful lives of the assets.&nbsp;&nbsp;The estimated useful lives are as follows:</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div align="center"> <table style="font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0" width="85%"> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Leasehold interests</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Remaining lease term</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Buildings and improvements</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">5 </font></font>to&nbsp;<font class="_mt">40</font> years</font></div></td></tr> <tr><td valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Tenant improvements</font></div></td> <td valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">The shorter of the term of the</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">&nbsp; </font></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">related lease or useful life</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="38%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Furniture, fixtures and equipment</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="25%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font class="_mt"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">5 </font></font>to&nbsp;<font class="_mt">10</font> years</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Upon acquisition of rental property, the Company estimates the fair value of acquired tangible assets, consisting of land, building and improvements, and identified intangible assets and liabilities assumed, generally consisting of the fair value of (i) above and below market leases, (ii) in-place leases and (iii) tenant relationships.&nbsp;&nbsp;The Company allocates the purchase price to the assets acquired and liabilities assumed based on their fair values.&nbsp;&nbsp;The Company records goodwill or a gain on bargain purchase (if any) if the net assets acquired/liabilities assumed exceed the purchase consideration of a transaction.&nbsp;&nbsp;In estimating the fair value of the tangible and intangible assets acquired, the Company considers information obtained about each property as a result of its due diligence and marketing and leasing activities, and utilizes various valuation methods, such as estimated cash flow projections utilizing appropriate discount and capitalization rates, estimates of replacement costs net of depreciation, and available market information.&nbsp;&nbsp;The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Above-market and below-market lease values for acquired properties are initially recorded based on the present value, (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management's estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases. The capitalized above-market lease values are amortized as a reduction of base rental revenue over the remaining term of the respective leases, and the capitalized below-market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below-market fixed rate renewal options of the respective leases.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Other intangible assets acquired include amounts for in-place lease values and tenant relationship values, which are based on management's evaluation of the specific characteristics of each tenant's lease and the Company's overall relationship with the respective tenant.&nbsp;&nbsp;Factors to be considered by management in its analysis of in-place lease values include an estimate of carrying costs during hypothetical expected lease-up periods considering current market conditions, and costs to execute similar leases.&nbsp;&nbsp;In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions.&nbsp;&nbsp;In estimating costs to execute similar leases, management considers leasing commissions, legal and other related expenses.&nbsp;&nbsp;Characteristics considered by management in valuing tenant relationships include the nature and extent of the Company's existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant's credit quality and expectations of lease renewals.&nbsp;&nbsp;The value of in-place leases are amortized to expense over the remaining initial terms of the respective leases.&nbsp;&nbsp;The value of tenant relationship intangibles are amortized to expense over the anticipated life of the relationships.</font></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">On a periodic basis, management assesses whether there are any indicators that the value of the Company's rental properties held for use may be impaired.&nbsp;&nbsp;In addition to identifying any specific circumstances which may affect a property or properties, management considers other criteria for determining which properties may require assessment for potential impairment.&nbsp;&nbsp;The criteria considered by management include reviewing low leased percentages, significant near-term lease expirations, recently acquired properties, current and historical operating and/or cash flow losses, near-term mortgage debt maturities or other factors that might impact the Company's intent and ability to hold the property.&nbsp;&nbsp;A property's value is impaired only if management's estimate of the aggregate future cash flows (undiscounted and without interest charges) to be generated by the property is less than the carrying value of the property.&nbsp;&nbsp;To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the property over the fair value of the property.&nbsp;&nbsp;The Company's estimates of aggregate future cash flows expected to be generated by each property are based on a number of assumptions.&nbsp;&nbsp;These assumptions are generally based on management's experience in its local real estate markets and the effects of current market conditions.&nbsp;&nbsp;The assumptions are subject to economic and market uncertainties including, among others, demand for space, competition for tenants, changes in market rental rates, and costs to operate each property.&nbsp;&nbsp;As these factors are difficult to predict and are subject to future events that may alter management's assumptions, the future cash flows estimated by management in its impairment analyses may not be achieved, and actual losses or impairment may be realized in the future.</font></div></div> <div style="text-indent: 0pt; display: block;"><br /> <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 99.35pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Rental Property</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 99.35pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Held for Sale and</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 99.35pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Discontinued</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Operations</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">When assets are identified by management as held for sale, the Company discontinues depreciating the assets and estimates the sales price, net of selling costs, of such assets.&nbsp;&nbsp;If, in management's opinion, the estimated net sales price of the assets which have been identified as held for sale is less than the net book value of the assets, a valuation allowance is established.&nbsp;&nbsp;Properties identified as held for sale and/or disposed of are presented in discontinued operations for all periods presented.&nbsp;&nbsp;See Note 6: Discontinued Operations.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">If circumstances arise that previously were considered unlikely and, as a result, the Company decides not to sell a property previously classified as held for sale, the property is reclassified as held and used.&nbsp;&nbsp;A property that is reclassified is measured and recorded individually at the lower of (a) its carrying amount before the property was classified as held for sale, adjusted for any depreciation (amortization) expense that would have been recognized had the property been continuously classified as held and used, or (b) the fair value at the date of the subsequent decision not to sell.</font></div></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Investments in</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Unconsolidated</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Joint Ventures</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting.&nbsp;&nbsp;The Company applies the equity method by initially recording these investments at cost, as Investments in Unconsolidated Joint Ventures, subsequently adjusted for equity in earnings and cash contributions and distributions.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">&nbsp; </font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">ASC 810, Consolidation, provides guidance on the identification of entities for which control is achieved through means other than voting rights ("variable interest entities" or "VIEs") and the determination of which business enterprise, if any, should consolidate the VIE (the "primary beneficiary").&nbsp;&nbsp;Generally, the consideration of whether an entity is a VIE applies when either (1) the equity investors (if any) lack one or more of the essential characteristics of a controlling financial interest, (2) the equity investment at risk is insufficient to finance that entity's activities without additional subordinated financial support or (3) the equity investors have voting rights that are not proportionate to their economic interests and the activities of the entity involve or are conducted on behalf of an investor with a disproportionately small voting interest.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <div style="text-indent: 0pt; display: block;"><br />&nbsp;</div> <div style="text-indent: 0pt; display: block;"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">&nbsp; </font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">On January 1, 2010, the Company adopted the updated provisions of ASC 810, which amends FIN 46(R) to require ongoing reassessments of whether an enterprise is the primary beneficiary of a variable interest entity.&nbsp;&nbsp;Additionally, ASC 810 amends FIN 46(R) to eliminate the quantitative approach previously required for determining the primary beneficiary of a variable interest entity, which was based on determining which enterprise absorbs the majority of the entity's expected losses, receives a majority of the entity's expected residual returns, or both.&nbsp;&nbsp;ASC 810 amends certain guidance in Interpretation 46(R) for determining whether an entity is a variable interest entity.&nbsp;&nbsp;Also, ASC 810 amends FIN 46(R) to require enhanced disclosures that will provide users of financial statements with more transparent information about an enterprise's involvement in a variable interest entity.&nbsp;&nbsp;The enhanced disclosures are required for any enterprise that holds a variable interest in a variable interest entity.&nbsp;&nbsp;The adoption of this guidance did not have a material impact to these financial statements.&nbsp;&nbsp;See Note 4: Investments in Unconsolidated Joint Ventures for disclosures regarding the Company's unconsolidated joint ventures.</font></font></div></div></td></tr></table></div></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">On a periodic basis, management assesses whether there are any indicators that the value of the Company's investments in unconsolidated joint ventures may be impaired.&nbsp;&nbsp;An investment is impaired only if management's estimate of the value of the investment is less than the carrying value of the investment, and such decline in value is deemed to be other than temporary.&nbsp;&nbsp;To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the investment over the value of the investment.&nbsp;&nbsp;The Company's estimates of value for each investment (particularly in commercial real estate joint ventures) are based on a number of assumptions that are subject to economic and market uncertainties including, among others, demand for space, competition for tenants, changes in market rental rates, and operating costs.&nbsp;&nbsp;As these factors are difficult to predict and are subject to future events that may alter management's assumptions, the values estimated by management in its impairment analyses may not be realized, and actual losses or impairment may be realized in the future.&nbsp;&nbsp;See Note 4: Investments in Unconsolidated Joint Ventures.</font></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 94.5pt;"> <div> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt"> </font></font>&nbsp;</div></div></td> <td>&nbsp;</td></tr></table></div> <div> <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 94.5pt;"> <div> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Cash and Cash</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Equivalents</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">All highly liquid investments with a maturity of three months or less when purchased are considered to be cash equivalents.</font></div></td></tr></table></div></div></div> <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Marketable</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Securities</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company classifies its marketable securities among three categories: held-to-maturity, trading and available-for-sale.&nbsp;&nbsp;Unrealized holding gains and losses relating to available-for-sale securities are excluded from earnings and reported as other comprehensive income (loss) in equity until realized.&nbsp;&nbsp;A decline in the market value of any held-to-maturity marketable security below cost that is deemed to be other than temporary results in a reduction in the carrying amount to fair value.&nbsp;&nbsp;Any impairment would be charged to earnings and a new cost basis for the security established.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The fair value of the marketable securities is determined using level I inputs under ASC 820, Fair Value Measurements and Disclosures.&nbsp;&nbsp;Level I inputs represent quoted prices available in an active market for identical investments as of the reporting date.</font></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Deferred</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 121px;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Financing&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs</font></font></div></td> <td width="1516"> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Costs incurred in obtaining financing are capitalized and amortized over the term of the related indebtedness. Amortization of such costs is included in interest expense and was $<font class="_mt">584,000</font> and $<font class="_mt">646,000</font> for the three months ended September 30, 2011 and 2010, respectively, and $<font class="_mt">1,752,000</font> and $<font class="_mt">2,021,000</font> for the nine months ended September 30, 2011 and 2010, respectively.</font></div></td></tr></table></div></div><br /> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Deferred</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Leasing Costs</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Costs incurred in connection with leases are capitalized and amortized on a straight-line basis over the terms of the related leases and included in depreciation and amortization.&nbsp;&nbsp;Unamortized deferred leasing costs are charged to amortization expense upon early termination of the lease. Certain employees of the Company are compensated for providing leasing services to the Properties.&nbsp;&nbsp;The portion of such compensation, which is capitalized and amortized, approximated $<font class="_mt">1,099,000</font> and $<font class="_mt">872,000</font> for the three months ended September 30, 2011 and 2010, respectively, and $<font class="_mt">3,135,000</font> and $<font class="_mt">2,728,000</font> for the nine months ended September&nbsp;30,&nbsp;2011 and 2010, respectively.</font></div></td></tr></table></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Derivative</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Instruments</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company measures derivative instruments, including certain derivative instruments embedded in other contracts, at fair value and records them as an asset or liability, depending on the Company's rights or obligations under the applicable derivative contract.&nbsp;&nbsp;For derivatives designated and qualifying as fair value hedges, the changes in the fair value of both the derivative instrument and the hedged item are recorded in earnings.&nbsp;&nbsp;For derivatives designated as cash flow hedges, the effective portions of the derivative are reported in other comprehensive income ("OCI") and are subsequently reclassified into earnings when the hedged item affects earnings. Changes in fair value of derivative instruments not designated as hedging and ineffective portions of hedges are recognized in earnings in the affected period.</font></div></td></tr></table></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Revenue</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Recognition</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Base rental revenue is recognized on a straight-line basis over the terms of the respective leases.<font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">&nbsp;</font> Unbilled rents receivable represents the amount by which straight-line rental revenue exceeds rents currently billed in accordance with the lease agreements.&nbsp;&nbsp;Above-market and below-market lease values for acquired properties are initially recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management's estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining terms of the lease for above-market leases and the remaining initial terms plus the terms of any below-market fixed-rate renewal options for below-market leases.&nbsp;&nbsp;The capitalized above-market lease values for acquired properties are amortized as a reduction of base rental revenue over the remaining terms of the respective leases, and the capitalized below-market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below-market fixed-rate renewal options of the respective leases.&nbsp;&nbsp;Escalations and recoveries from tenants are received from tenants for certain costs as provided in the lease agreements.&nbsp;&nbsp;These costs generally include real estate taxes, utilities, insurance, common area maintenance and other recoverable costs.&nbsp;&nbsp;See Note 13: Tenant Leases.&nbsp;&nbsp;Construction services revenue includes fees earned and reimbursements received by the Company for providing construction management and general contractor services to clients.&nbsp;&nbsp;Construction services revenue is recognized on the percentage of completion method.&nbsp;&nbsp;Using this method, profits are recorded on the basis of estimates of the overall profit and percentage of completion of individual contracts.&nbsp;&nbsp;A portion of the estimated profits is accrued based upon estimates of the percentage of completion of the construction contract.&nbsp;&nbsp;This revenue recognition method involves inherent risks relating to profit and cost estimates.&nbsp;&nbsp;Real estate services revenue includes property management, facilities management, leasing commission fees and other services, and payroll and related costs reimbursed from clients.&nbsp;&nbsp;Other income includes income from parking spaces leased to tenants, income from tenants for additional services arranged for by the Company and income from tenants for early lease terminations.</font></div></td></tr></table></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div class="MetaData"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Allowance for</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 120px;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Doubtful Accounts</font></font></div></td> <td width="1517"> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Management periodically performs a detailed review of amounts due from tenants to determine if accounts receivable balances are impaired based on factors affecting the collectability of those balances.&nbsp;&nbsp;Management's estimate of the allowance for doubtful accounts requires management to exercise significant judgment about the timing, frequency and severity of collection losses, which affects the allowance and net income.</font></div></td></tr></table></div></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div class="MetaData"> <div style="text-indent: 0pt; display: block;">&nbsp;<font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Income and</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Other Taxes</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code").&nbsp;&nbsp;As a REIT, the Company generally will not be subject to corporate federal income tax (including alternative minimum tax) on net income that it currently distributes to its shareholders, provided that the Company satisfies certain organizational and operational requirements including the requirement to distribute at least&nbsp;<font class="_mt">90</font> percent of its REIT taxable income to its shareholders.&nbsp;&nbsp;The Company has elected to treat certain of its corporate subsidiaries as taxable REIT subsidiaries (each a "TRS").&nbsp;&nbsp;In general, a TRS of the Company may perform additional services for tenants of the Company and generally may engage in any real estate or non-real estate related business (except for the operation or management of health care facilities or lodging facilities or the providing to any person, under a franchise, license or otherwise, rights to any brand name under which any lodging facility or health care facility is operated).&nbsp;&nbsp;A TRS is subject to corporate federal income tax.&nbsp;&nbsp;If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to federal income tax (including any applicable alternative minimum tax) on its taxable income at regular corporate tax rates.&nbsp;&nbsp;The Company is subject to certain state and local taxes.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Pursuant to the amended provisions related to uncertain tax provisions of ASC&nbsp;740, Income Taxes, the Company recognized no material adjustments regarding its tax accounting treatment.&nbsp;&nbsp;The Company expects to recognize interest and penalties related to uncertain tax positions, if any, as income tax expense, which is included in general and administrative expense.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">In the normal course of business, the Company or one of its subsidiaries is subject to examination by federal, state and local jurisdictions in which it operates, where applicable.&nbsp;&nbsp;As of September 30, 2011, the tax years that remain subject to examination by the major tax jurisdictions under the statute of limitations are generally from the year&nbsp;2006 forward.</font></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt"> </font></font>&nbsp;</div></div></td> <td>&nbsp;</td></tr></table></div> <div> <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Earnings</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Per Share</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company presents both basic and diluted earnings per share ("EPS").&nbsp;&nbsp;Basic EPS excludes dilution and is computed by dividing net income available to common shareholders by the weighted average number of shares outstanding for the period.&nbsp;&nbsp;Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower EPS amount.</font></div></td></tr></table></div></div></div> <div style="text-indent: 0pt; display: block;"><br /> <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Dividends and</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Distributions</font></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Payable</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The dividends and distributions payable at September 30, 2011 represents dividends payable to preferred shareholders (<font class="_mt">10,000</font> shares) and common shareholders (<font class="_mt">87,142,004</font> shares), and distributions payable to noncontrolling interest common unitholders of the Operating Partnership (<font class="_mt">12,771,105</font> common units) for all such holders of record as of October 5, 2011 with respect to the third quarter 2011.&nbsp;&nbsp;The third quarter 2011 preferred stock dividends of $<font class="_mt">50.00</font> per share, common stock dividends and common unit distributions of $<font class="_mt">0.45</font> per common share and unit were approved by the Board of Directors on September 14, 2011.&nbsp;&nbsp;The common stock dividends and common unit distributions payable were paid on October 11, 2011.&nbsp;&nbsp;The preferred stock dividends payable were paid on October 17, 2011.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The dividends and distributions payable at December 31, 2010 represents dividends payable to preferred shareholders (<font class="_mt">10,000</font> shares) and common shareholders (<font class="_mt">79,605,542</font> shares), and distributions payable to noncontrolling interest common unitholders of the Operating Partnership (<font class="_mt">13,007,668</font> common units) for all such holders of record as of January &nbsp;5, 2011 with respect to the fourth quarter 2010.&nbsp;&nbsp;The fourth quarter 2010 preferred stock dividends of $<font class="_mt">50.00</font> per share, common stock dividends and common unit distributions of $<font class="_mt">0.45</font> per common share and unit were approved by the Board of Directors on December 7, 2010.&nbsp;&nbsp;The common stock dividends, common unit distributions and preferred stock dividends payable were paid on January&nbsp;14, 2011.</font></div></div></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 94.5pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Costs Incurred</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">For Stock</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Issuances</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Costs incurred in connection with the Company's stock issuances are reflected as a reduction of additional paid-in capital.</font></div></td></tr></table></div></div> <div style="text-indent: 0pt; display: block;"><br /> <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Stock</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Compensation</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The Company accounts for stock options and restricted stock awards granted prior to 2002 using the intrinsic value method prescribed in the previously existing accounting guidance on accounting for stock issued to employees.&nbsp;&nbsp;Under this guidance, compensation cost for stock options is measured as the excess, if any, of the quoted market price of the Company's stock at the date of grant over the exercise price of the option granted.&nbsp;&nbsp;Compensation cost for stock options is recognized ratably over the vesting period.&nbsp;&nbsp;The Company's policy is to grant options with an exercise price equal to the quoted closing market price of the Company's stock on the business day preceding the grant date.&nbsp;&nbsp;Accordingly, no compensation cost has been recognized under the Company's stock option plans for the granting of stock options made prior to 2002.&nbsp;&nbsp;Restricted stock awards granted prior to 2002 are valued at the vesting dates of such awards with compensation cost for such awards recognized ratably over the vesting period.</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 90pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">In 2002, the Company adopted the provisions of ASC 718, Compensation-Stock Compensation.&nbsp;&nbsp;In 2006, the Company adopted the amended guidance, which did not have a material effect on the Company's financial position and results of operations.&nbsp;&nbsp;These provisions require that the estimated fair value of restricted stock ("Restricted Stock Awards") and stock options at the grant date be amortized ratably into expense over the appropriate vesting period.&nbsp;&nbsp;The Company recorded restricted stock expense of $<font class="_mt">690,000</font> and $<font class="_mt">626,000</font> for the three months ended September 30, 2011 and 2010, respectively, and $<font class="_mt">2,070,000</font> and $<font class="_mt">1,869,000</font> for the nine months ended September 30, 2011 and 2010, respectively.</font></div></div></div> <div style="text-indent: 0pt; display: block;"><br /> <div class="MetaData"> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Other</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"> </font> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt">Comprehensive</font></font></div></div></td> <td>&nbsp;</td></tr></table></div> <div> <table style="font-family: times new roman; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 90pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"><font style="font-style: italic; display: inline; font-weight: bold;" class="_mt">Income</font></font></div></td> <td> <div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Other comprehensive income (loss) includes items that are recorded in equity, such as unrealized holding gains or losses on marketable securities available for sale.</font></div></td></tr></table></div></div></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> 860246 1758272000 1898198000 2043937000 2292641000 796000 285665000 25000000 -560165000 2178421000 2521437000 871000 280223000 -624110000 <div class="MetaData"> <div align="center"> <table style="line-height: 115%; width: 100%; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 0.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="24"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">14.</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="top"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><b><u><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">MACK-CALI REALTY CORPORATION STOCKHOLDERS' EQUITY</font></u></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td></tr></table></div> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">To maintain its qualification as a REIT, not more than 50 percent in value of the outstanding shares of the Company may be owned, directly or indirectly, by five or fewer individuals at any time during the last half of any taxable year of the Company, other than its initial taxable year (defined to include certain entities), applying certain constructive ownership rules.&nbsp;&nbsp;To help ensure that the Company will not fail this test, the Company's Charter provides for, among other things, certain restrictions on the transfer of common stock to prevent further concentration of stock ownership.&nbsp;&nbsp;Moreover, to evidence compliance with these requirements, the Company must maintain records that disclose the actual ownership of its outstanding common stock and demands written statements each year from the holders of record of designated percentages of its common stock requesting the disclosure of the beneficial owners of such common stock.</font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font>&nbsp;</p><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font> <div><font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">PREFERRED STOCK</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Company has&nbsp;<font class="_mt">10,000</font> shares of eight-percent Series C cumulative redeemable perpetual preferred stock issued and outstanding ("Series C Preferred Stock") in the form of&nbsp;<font class="_mt">1,000,000</font> depositary shares ($<font class="_mt">25</font> stated value per depositary share).&nbsp;&nbsp;Each depositary share represents&nbsp;<font class="_mt">1/100<font style="display: inline; font-size: 9px; vertical-align: text-top;" class="_mt">th</font></font>&nbsp;of a share of Series C Preferred Stock.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Series C Preferred Stock has preference rights with respect to liquidation and distributions over the common stock. Holders of the Series C Preferred Stock, except under certain limited conditions, will not be entitled to vote on any matters.&nbsp;&nbsp;In the event of a cumulative arrearage equal to six quarterly dividends, holders of the Series C Preferred Stock will have the right to elect two additional members to serve on the Company's Board of Directors until dividends have been paid in full.&nbsp;&nbsp;As of September 30, 2011, there were no dividends in arrears.&nbsp;&nbsp;The Company may issue unlimited additional preferred stock ranking on a parity with the Series C Preferred Stock but may not issue any preferred stock senior to the Series C Preferred Stock without the consent of two-thirds of its holders.&nbsp;&nbsp;The Series C Preferred Stock is essentially on an equivalent basis in priority with the preferred units of the Operating Partnership (see Note 15: Noncontrolling interests in subsidiaries).</font></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">On September 27, 2011, the Company provided notice to holders of its Series C Preferred Stock, calling all such shares for redemption on October 28, 2011 at a price of $<font class="_mt">2,500</font> per share, plus accrued and unpaid dividends through the date prior to the redemption date.&nbsp;&nbsp;The redemption value of the Series C Preferred Stock of $<font class="_mt">25,000,000</font> is included in accounts payable, accrued expenses and other liabilities as of September 30, 2011, and the write off of preferred stock issuance costs of $<font class="_mt">164,000</font> is included in preferred stock dividends for the three and nine months ended September 30, 2011.</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify">&nbsp;</div></div> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">COMMON STOCK</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On February 18, 2011, the Company completed a public offering of&nbsp;<font class="_mt">7,187,500</font> shares of common stock and used the net proceeds, which totaled approximately $<font class="_mt">227.4</font> million (after offering costs) primarily to repay borrowings under its unsecured revolving credit facility.</font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">SHARE REPURCHASE PROGRAM</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">On <font class="_mt">September 12, 2007</font>, the Board of Directors authorized an increase to the Company's repurchase program under which the Company was permitted to purchase up to $<font class="_mt">150</font> million of the Company's outstanding common stock ("Repurchase Program").&nbsp;&nbsp;The Company has purchased and retired&nbsp;<font class="_mt">2,893,630</font> shares of its outstanding common stock for an aggregate cost of approximately $<font class="_mt">104</font> million through September 30, 2011 under the Repurchase Program (none of which has occurred in 2010 and the nine months ended September 30, 2011).&nbsp;&nbsp;The Company has a remaining authorization to repurchase up to an additional $<font class="_mt">46</font> million of its outstanding common stock, which it may repurchase from time to time in open market transactions at prevailing prices or through privately negotiated transactions.</font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">STOCK OPTION PLANS</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">In May 2004, the Company established the 2004 Incentive Stock Plan under which a total of&nbsp;<font class="_mt">2,500,000</font> shares have been reserved for issuance.&nbsp;&nbsp;No options have been granted through September 30, 2011 under this plan.&nbsp;&nbsp;In September&nbsp;2000, the Company established the 2000 Employee Stock Option Plan ("2000 Employee Plan") and the Amended and Restated 2000 Director Stock Option Plan ("2000 Director Plan").&nbsp;&nbsp;In May 2002,&nbsp;<font class="_mt">shareholders of the Company approved amendments to both plans to increase the total shares reserved for issuance under both of the 2000 plans from 2,700,000 to 4,350,000 shares of the Company's common stock (from 2,500,000 to 4,000,000 shares under the 2000 Employee Plan and from 200,000 to 350,000 shares under the 2000 Director Plan).</font>&nbsp;&nbsp;In 1994, and as subsequently amended, the Company established the Mack-Cali Employee Stock Option Plan ("Employee Plan") and the Mack-Cali Director Stock Option Plan ("Director Plan") under which a total of&nbsp;<font class="_mt">5,380,188</font> shares (subject to adjustment) of the Company's common stock had been reserved for issuance (<font class="_mt">4,980,188</font> shares under the Employee Plan and&nbsp;<font class="_mt">400,000</font> shares under the Director Plan).&nbsp;&nbsp;As the Employee Plan and Director Plan expired in 2004, and the 2000 Employee Plan and 2000 Director Plan expired in 2010, stock options may no longer be issued under those plans.&nbsp;&nbsp;Stock options granted under the Employee Plan in 1994 and 1995 became exercisable over a <font class="_mt">three</font>-year period.&nbsp;&nbsp;Stock options granted under the 2000 Employee Plan and those options granted subsequent to 1995 under the Employee Plan became exercisable over a <font class="_mt">five</font>-year period.&nbsp;&nbsp;All stock options granted under both the 2000 Director Plan and Director Plan became exercisable in&nbsp;<font class="_mt">one</font> year.&nbsp;&nbsp;All options were granted at the fair market value at the dates of grant and have terms of&nbsp;<font class="_mt">ten</font> years.&nbsp;&nbsp;As of September 30, 2011 and December 31, 2010, the stock options outstanding, which were all exercisable, had a weighted average remaining contractual life of approximately&nbsp;<font class="_mt">1.2</font> and&nbsp;<font class="_mt">1.7</font> years, respectively.</font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font> <div><font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Information regarding the Company's stock option plans is summarized below:</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="42%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Weighted</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Aggregate</font></div></td></tr> <tr><td valign="top" width="42%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.55pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Shares</font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Average</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Intrinsic</font></div></td></tr> <tr><td valign="top" width="42%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.55pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Under</font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Exercise</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Value</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="42%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.55pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Options</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Price</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$(000's)</font></div></td></tr> <tr><td valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Outstanding&nbsp;&nbsp;as January 1, 2011</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.55pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">295,676</font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$29.05</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$1,186</font></div></td></tr> <tr><td valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Exercised</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 5.75pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(107,806)</font></div></td> <td valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$28.27</font></div></td> <td valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Cancelled</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 5.75pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(4,000)</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$28.80</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Outstanding at September 30, 2011 ($<font class="_mt">28.47</font> &#8211; $<font class="_mt">45.47</font>)</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.65pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">183,870</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="13%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$29.51</font></div></td> <td style="border-bottom: black 3px double;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.1pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></div></td></tr> <tr><td valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Options exercisable at September 30, 2011</font></div></td> <td valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.65pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">183,870</font></div></td> <td valign="top" width="13%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="42%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Available for grant at September 30, 2011</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 8.65pt;" align="right"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2,425,073</font></div></td> <td style="border-bottom: black 2px solid;" valign="top" width="13%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td> <td style="border-bottom: black 2px solid;" valign="top" width="12%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;</font></td></tr></table></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block;">&nbsp;</div></div> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Cash received from options exercised under all stock option plans was $<font class="_mt">1,585,000</font> and $<font class="_mt">960,000</font> for the three months ended September 30, 2011 and 2010, respectively, and $<font class="_mt">3,048,000</font> and $<font class="_mt">1,473,000</font> for the nine months ended September 30, 2011 and 2010, respectively.&nbsp;&nbsp;The total intrinsic value of options exercised during the three months ended September 30, 2011 and 2010 was $<font class="_mt">140,000</font> and $<font class="_mt">203,000</font>, respectively, and $<font class="_mt">496,000</font> and $<font class="_mt">344,000</font> for the nine months ended September 30, 2011 and 2010, respectively.&nbsp;&nbsp;The Company has a policy of issuing new shares to satisfy stock option exercises.</font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">STOCK COMPENSATION</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">The Company has issued stock awards ("Restricted Stock Awards") to officers, certain other employees, and nonemployee members of the Board of Directors of the Company, which allow the holders to each receive a certain amount of shares of the Company's common stock generally over a&nbsp;<font class="_mt">one</font> to <font class="_mt">seven</font>-year vesting period, of which&nbsp;<font class="_mt">157,681</font> unvested shares were outstanding at September 30, 2011.&nbsp;&nbsp;Of the outstanding Restricted Stock Awards issued to executive officers and senior management,&nbsp;<font class="_mt">98,524</font> are contingent upon the Company meeting certain performance goals to be set by the Executive Compensation and Option Committee of the Board of Directors of the Company each year, with the remaining based on time and service. All Restricted Stock Awards provided to the officers and certain other employees were issued under the 2004 Incentive Stock Plan, 2000 Employee Plan and the Employee Plan. Restricted Stock Awards provided to directors were issued under the 2004 Incentive Stock Plan and the 2000 Director Plan.</font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font>&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Information regarding the Restricted Stock Awards is summarized below:</font></p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font>&nbsp;</p> <table style="line-height: 115%; width: 100%; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Weighted-Average</font></p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Grant &#8211; Date</font></p></td></tr> <tr><td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Shares</font></p></td> <td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Fair Value</font></p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Outstanding at January 1, 2011</font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">239,759</font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">$35.90</font></p></td></tr> <tr><td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Vested</font></p></td> <td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">(82,078)</font></p></td> <td style="border-bottom: black 1.5pt solid; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">37.01</font></p></td></tr> <tr><td style="border-bottom: black 3px double; padding-bottom: 0in; padding-left: 0in; width: 44%; padding-right: 0in; padding-top: 0in;" valign="top" width="44%"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Outstanding at September 30, 2011</font></p></td> <td style="border-bottom: black 3px double; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">157,681</font></p></td> <td style="border-bottom: black 3px double; padding-bottom: 0in; padding-left: 0in; width: 17%; padding-right: 0in; padding-top: 0in;" valign="top" width="17%"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">$35.32</font></p></td></tr></table> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font>&nbsp;</p> <div><font style="widows: 2; text-transform: none; background-color: rgb(255,255,255); text-indent: 0px; font: 13px 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="_mt"> </font> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">DEFERRED STOCK COMPENSATION PLAN FOR DIRECTORS</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The Amended and Restated Deferred Compensation Plan for Directors, which commenced January 1, 1999, allows non-employee directors of the Company to elect to defer up to 100 percent of their annual retainer fee into deferred stock units.&nbsp;&nbsp;The deferred stock units are convertible into an equal number of shares of common stock upon the directors' termination of service from the Board of Directors or a change in control of the Company, as defined in the plan.&nbsp;&nbsp;Deferred stock units are credited to each director quarterly using the closing price of the Company's common stock on the applicable dividend record date for the respective quarter.&nbsp;&nbsp;Each participating director's account is also credited for an equivalent amount of deferred stock units based on the dividend rate for each quarter.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">During the nine months ended September 30, 2011 and 2010,&nbsp;<font class="_mt">10,620</font> and&nbsp;<font class="_mt">9,411</font> deferred stock units were earned, respectively.&nbsp;&nbsp;As of September 30, 2011 and December 31, 2010, there were&nbsp;<font class="_mt">93,773</font> and&nbsp;<font class="_mt">84,236</font> director stock units outstanding, respectively.</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify">&nbsp;</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font size="2" class="_mt"> </font> <div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;" class="_mt">EARNINGS PER SHARE</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Basic EPS excludes dilution and is computed by dividing net income available to common shareholders by the weighted average number of shares outstanding for the period.&nbsp;&nbsp;Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.</font><br /><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The following information presents the Company's results for the three months ended September 30, 2011 and 2010 in accordance with ASC 260, Earnings Per Share:&nbsp;&nbsp;<font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font></font> <div class="MetaData"> <div style="text-indent: 0pt; display: block;"><br /></div> <div align="left"> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -0.9pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Three Months Ended</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Computation of Basic EPS</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">24,083</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,581</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Add:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncontrolling interest in consolidated joint ventures</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">96</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">108</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deduct:&nbsp;&nbsp;Noncontrolling interest in operating partnership</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(3,015</font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(2,150</font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deduct:&nbsp;&nbsp;Preferred stock dividends</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(664</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(500</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20,500</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,039</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20,500</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,039</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Weighted average common shares</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">87,019</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">79,304</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-weight: bold; text-decoration: underline;" class="_mt">Basic EPS</font>:</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.24</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="right">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.16</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.24</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.16</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div align="left"> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -0.9pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Three Months Ended</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Computation of Diluted EPS</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">20,500</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,039</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -5.4pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Add:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncontrolling interest in operating partnership</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">3,015</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2,150</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations for diluted earnings per share</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">23,515</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,189</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations for diluted earnings</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;per share</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">23,515</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15,189</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Weighted average common shares</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">99,917</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">92,464</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-weight: bold; text-decoration: underline;" class="_mt">Diluted EPS</font>:</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.24</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="right">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.16</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.24</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.16</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The following information presents the Company's results for the nine months ended September 30, 2011 and 2010 in accordance with ASC 260, Earnings Per Share:&nbsp;&nbsp;<font style="font-style: italic; display: inline;" class="_mt">(dollars in thousands)</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div align="left"> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -0.9pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Nine Months Ended</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Computation of Basic EPS</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">62,949</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">50,518</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Add:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncontrolling interest in consolidated joint ventures</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">308</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">281</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deduct:&nbsp;&nbsp;Noncontrolling interest in operating partnership</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(8,031</font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(7,047</font></td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Deduct:&nbsp;&nbsp;Preferred stock dividends</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,664</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">(1,500</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">)</font></td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">53,562</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">42,252</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,021</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">53,562</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">46,273</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Weighted average common shares</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">85,649</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">79,161</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-weight: bold; text-decoration: underline;" class="_mt">Basic EPS</font>:</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.63</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="right">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.53</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.05</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.63</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.58</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div align="left"> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -0.9pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Nine Months Ended</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="6"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td style="text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;" class="_mt">Computation of Diluted EPS</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" colspan="2"> <div style="text-align: right;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">53,562</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">42,252</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -5.4pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Add:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncontrolling interest in operating partnership</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">8,031</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">7,047</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations for diluted earnings per share</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">61,593</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">49,299</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations for diluted earnings</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;per share</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">4,689</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">61,593</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">53,988</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Weighted average common shares</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">98,631</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">92,467</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt"><font style="display: inline; font-weight: bold; text-decoration: underline;" class="_mt">Diluted EPS</font>:</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income from continuing operations available to common shareholders</font></div></td> <td valign="bottom" width="1%" align="left">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.62</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%" align="right">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.53</font></td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Income (loss) from discontinued operations available to common</font></div></td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td valign="bottom" width="1%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="text-align: right;" valign="bottom" width="9%">&nbsp;</td> <td style="text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">&nbsp;&nbsp;&nbsp;shareholders</font></div></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">--</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.05</font></td> <td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr> <tr><td style="border-bottom: black 3px double;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Net income available to common shareholders</font></div></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.62</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="right">&nbsp;</td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="9%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">0.58</font></td> <td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%">&nbsp;</td></tr></table></div></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">The following schedule reconciles the shares used in the basic EPS calculation to the shares used in the diluted EPS calculation:</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <table style="font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%"> <tr><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td valign="top" width="40%">&nbsp;</td> <td valign="top" width="19%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Three Months Ended</font></div></td> <td valign="top" width="19%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 3.6pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Nine Months Ended</font></div></td></tr> <tr><td valign="top" width="40%">&nbsp;</td> <td valign="top" width="19%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td> <td valign="top" width="19%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;" align="center"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">September 30,</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%">&nbsp;</td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2011</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">2010</font></div></td></tr> <tr><td valign="top" width="40%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Basic EPS shares</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">87,019</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">79,304</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">85,649</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">79,161</font></div></td></tr> <tr><td valign="top" width="40%" align="left"> <div style="text-indent: -27pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Add:&nbsp;&nbsp;&nbsp;Operating Partnership &#8211; common units</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12,799</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,073</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">12,864</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">13,196</font></div></td></tr> <tr><td valign="top" width="40%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Stock options</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">15</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">32</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">30</font></div></td> <td style="text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">47</font></div></td></tr> <tr><td style="border-bottom: black 2px solid;" valign="top" width="40%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Restricted Stock Awards</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">84</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">55</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">88</font></div></td> <td style="border-bottom: black 2px solid; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">63</font></div></td></tr> <tr><td style="border-bottom: black 3px double;" valign="top" width="40%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">Diluted EPS Shares</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">99,917</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">92,464</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">98,631</font></div></td> <td style="border-bottom: black 3px double; text-align: right;" valign="top" width="10%"> <div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 6.3pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;" class="_mt">92,467</font></div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Unvested restricted stock outstanding as of September 30, 2011 and 2010 were&nbsp;<font class="_mt">157,681</font> and <font class="_mt">216,802</font>, respectively.</font></div> <div style="text-indent: 0pt; display: block;">&nbsp;</div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: 'Times New Roman'; font-size: 10pt;" class="_mt">Dividends declared per common share for each of the three month periods ended September 30, 2011 and 2010 was $<font class="_mt">0.45</font> per share.&nbsp;&nbsp;Dividends declared per common share for each of the nine month periods ended September 30, 2011 and 2010 was $<font class="_mt">1.35</font> per share.</font></div></div></div></div></div> 237000 4000 7188000 108000 5189000 2000 -5191000 139000 139000 227374000 227302000 72000 3048000 3047000 1000 150000000 46000000 470098000 487086000 78376000 26420000 73211000 21601000 1118451000 25861000 200389000 200749000 149625000 99793000 99930000 248158000 93946000 1119063000 25944000 200332000 200570000 149694000 99939000 99951000 248318000 94315000 57066000 20831000 57136000 20144000 92467000 92464000 98631000 99917000 79161000 79304000 85649000 87019000 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. The mortgage loan has three one-year extension options subject to certain conditions and the payment of a fee. Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and investments in unconsolidated joint ventures. Net operating income represents total revenues less total operating and interest expenses [as defined in Note (a)], plus equity in earnings (loss) of unconsolidated joint ventures, for the period. Excludes $143,942 of depreciation and amortization. Excludes $47,978 of depreciation and amortization. Excludes $144,914 of depreciation and amortization. Excludes $48,498 of depreciation and amortization. Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; direct construction costs; real estate services salaries, wages and other costs; general and administrative and interest expense (net of interest income). All interest expense, net of interest income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods. Mortgage is collateralized by the three properties comprising One River Center. The property does not generate sufficient cash flow to meet debt service requirements. As a result, beginning January 2011, debt service has not been made and a modification of the loan terms has been requested from the lender. Mortgage is collateralized by seven properties. The Operating Partnership has agreed, subject to certain conditions, to guarantee repayment of a portion of the loan. Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense and non-property general and administrative expense) as well as intercompany eliminations necessary to reconcile to consolidated Company totals. 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. Includes the cost of terminated treasury lock agreements (if any), offering and other transaction costs and the discount/premium on the notes, as applicable.