2.4.0.810401 - Disclosure - Investments In Unconsolidated Joint Venturestruefalsefalse1false
falsefalseDuration_1_1_2013_To_6_30_2013http://www.sec.gov/CIK0000924901duration2013-01-01T00:00:002013-06-30T00:00:001true
1us-gaap_EquityMethodInvestmentsAndJointVenturesAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse| 1falsefalsefalse00falsefalsefalse | xbrli:stringItemTypestringfalse0
2false
2us-gaap_EquityMethodInvestmentsDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel| 1falsefalsefalse00<div> <div style="margin-left:0pt;margin-right:0pt;">
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;">4. </font><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, the Company had an aggregate investment of approximately $</font><font style="display: inline;font-size:10pt;">135.7</font><font style="display: inline;font-size:10pt;"> million in its equity method joint ventures. The Company formed these ventures with unaffiliated third parties, or acquired interests in them, to develop or manage primarily office and multi-family rental properties, or to acquire land in anticipation of possible development of office and multi-family rental properties. As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, the unconsolidated joint ventures owned: </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> office and </font><font style="display: inline;font-size:10pt;">two</font><font style="display: inline;font-size:10pt;"> retail properties aggregating approximately </font><font style="display: inline;font-size:10pt;">0.4</font><font style="display: inline;font-size:10pt;"> million square feet, </font><font style="display: inline;font-size:10pt;">seven</font><font style="display: inline;font-size:10pt;"> multi-family properties totaling </font><font style="display: inline;font-size:10pt;">2,597</font><font style="display: inline;font-size:10pt;"> apartments, a </font><font style="display: inline;font-size:10pt;">350</font><font style="display: inline;font-size:10pt;">-room hotel, a senior mezzanine loan position in the capital stack of a </font><font style="display: inline;font-size:10pt;">1.7</font><font style="display: inline;font-size:10pt;"> million square foot commercial property; development projects for up to approximately </font><font style="display: inline;font-size:10pt;">2,739</font><font style="display: inline;font-size:10pt;"> apartments; and interests and/or rights to developable land parcels able to accommodate up to </font><font style="display: inline;font-size:10pt;">4,071</font><font style="display: inline;font-size:10pt;"> apartments, </font><font style="display: inline;font-size:10pt;">1.2</font><font style="display: inline;font-size:10pt;"> million square feet of office space</font><font style="display: inline;font-size:10pt;">. </font><font style="display: inline;font-size:10pt;">The Company’s unconsolidated interests range from </font><font style="display: inline;font-size:10pt;">7.5</font><font style="display: inline;font-size:10pt;"> percent to </font><font style="display: inline;font-size:10pt;">80</font><font style="display: inline;font-size:10pt;"> percent subject to specified priority allocations in certain of the joint ventures.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The amounts reflected in the following tables (except for the Company’s share of equity in earnings) are based on the historical financial information of the individual joint ventures. The Company does not record losses of the joint ventures in excess of its investment balances unless the Company is liable for the obligations of the joint venture or is otherwise committed to provide financial support to the joint venture. The outside basis portion of the Company’s joint ventures is amortized over the anticipated useful lives of the underlying ventures’ tangible and intangible assets acquired and liabilities assumed. Unless otherwise noted below, 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, and material misrepresentations. The Company had $</font><font style="display: inline;font-size:10pt;">581,000</font><font style="display: inline;font-size:10pt;"> and $</font><font style="display: inline;font-size:10pt;">370,000</font><font style="display: inline;font-size:10pt;"> in accounts receivable due from its unconsolidated joint ventures</font><font style="display: inline;font-size:10pt;"> as of</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;"> and </font><font style="display: inline;font-size:10pt;">December 31, 2012, respectively.</font><font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Included in the Company’s investments in unconsolidated joint ventures as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;"> are </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> unconsolidated development joint ventures, which are VIEs for which the Company is not the primary beneficiary. These joint ventures are primarily established to develop real estate property for long-term investment and were deemed VIEs primarily based on the fact that the equity investment at risk was not sufficient to permit the entities to finance their activities without additional financial support. The initial equity contributed to these entities was not sufficient to fully finance the real estate construction as development costs are funded by the partners throughout the construction period. The Company determined that it was not the primary beneficiary of these VIEs based on the fact that the Company has shared control of these entities along with the entity’s partners and therefore does not have controlling financial interests in these VIEs. The Company’s aggregate investment in these VIEs was approximately $</font><font style="display: inline;font-size:10pt;">13.6</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">. The Company’s maximum exposure to loss as a result of its involvement with these VIEs is estimated to be approximately $</font><font style="display: inline;font-size:10pt;">18.9</font><font style="display: inline;font-size:10pt;"> million, which includes the Company’s current investment and estimated future funding commitments of approximately $</font><font style="display: inline;font-size:10pt;">5.3</font><font style="display: inline;font-size:10pt;"> million. The Company has not provided financial support to these VIEs that it was not previously contractually required to provide. In general, future costs of development not financed through third party will be funded with capital contributions from the Company and its outside partners in accordance with their respective ownership percentages. </font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
</p>
<p><font size="1"> </font></p><p style="page-break-after:always"> </p>
<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;"></font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The following is a summary of the financial position of the unconsolidated joint ventures in which the Company had investment interests as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;"> and December 31, 2012:</font><font style="display: inline;font-style:italic;font-size:10pt;"> (dollars in thousands)</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 1pt">
<font style="display: inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;text-decoration:underline;"> </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">June 30,</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">December 31,</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2013
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2012
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Assets:</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Rental property, net</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>442,372
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>180,254
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Loan receivable</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,641
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,276
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Other assets</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>380,353
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>311,847
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Total assets</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>866,366
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>534,377
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">Liabilities and partners'/</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;">members' capital:</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Mortgages and loans payable</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>387,945
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>168,908
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Other liabilities</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,965
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,141
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Partners'/members' capital</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>426,456
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>353,328
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Total liabilities and</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:61.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> partners'/members' capital</font></p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>866,366
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>534,377
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The following is a summary of the Company's investments in unconsolidated joint ventures as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;"> and December 31, 2012: </font><font style="display: inline;font-style:italic;font-size:10pt;">(dollars in thousands)</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 1pt">
<font style="display: inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">June 30,</font></p>
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">December 31,</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Entity</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2013
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2012
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Plaza VIII & IX Associates, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,042
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,321
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">South Pier at Harborside</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,180)
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,225)
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Red Bank Corporate Plaza, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,864
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,876
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">12 Vreeland Associates, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,465
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,840
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Boston Downtown Crossing</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,012
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Gale Jefferson, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,029
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Stamford SM LLC</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,094
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,006
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Marbella RoseGarden, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,241
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,918
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">RoseGarden Monaco Holdings, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,940
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,761
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Rosewood Lafayette Holdings, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,413
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,988
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">PruRose Port Imperial South 15, LLC</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>606
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Rosewood Morristown, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,786
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,091
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Overlook Ridge JV, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Overlook Ridge, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>144
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Overlook Ridge JV 2C/3B, L.L.C. </font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>179
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Roseland/North Retail, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,029
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,161
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">BNES Associates III</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,790
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,955
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Portside Master Company, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,550
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,651
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">PruRose Port Imperial South 13, LLC</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,627
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,920
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Roseland/Port Imperial Partners, L.P.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,689
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,582
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">RoseGarden Marbella South, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,617
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,182
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">PruRose Riverwalk G, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,646
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,136
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Elmajo Urban Renewal Associates, LLC</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>322
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>629
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Estuary Urban Renewal Unit B, LLC</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>220
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Riverpark at Harrison I, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,082
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,606
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">150 Main Street, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,635
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,395
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">RoseGarden Monaco, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,193
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,165
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Hillsborough 206 Holdings, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,979
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,967
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Grand Jersey Waterfront Urban Renewal Associates, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>362
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>337
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Crystal House Apartments Investors LLC</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,267
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:62.70%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Company's investment in unconsolidated joint ventures</font></p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:15.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>135,722
</td>
<td valign="bottom" style="width:02.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:02.72%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:14.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>132,339
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
</p>
<p><font size="1"> </font></p><p style="page-break-after:always"> </p>
<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;"></font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The following is a summary of the results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;"> and 2012:</font><font style="display: inline;font-style:italic;font-size:10pt;"> (dollars in thousands)</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
<tr>
<td valign="bottom" style="width:45.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 1pt">
<font style="display: inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:45.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="4" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Three Months Ended</font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="4" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Six Months Ended</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:45.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="4" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> June 30,</font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="4" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> June 30,</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:45.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2013
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2012
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2013
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2012
</td>
</tr>
<tr>
<td valign="bottom" style="width:45.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-weight:bold;font-size:8pt;text-decoration:underline;"> </font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:45.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Total revenues</font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91,274
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,354
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,693
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,058
</td>
</tr>
<tr>
<td valign="bottom" style="width:45.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Operating and other expenses</font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(81,321)
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,080)
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(89,268)
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(16,259)
</td>
</tr>
<tr>
<td valign="bottom" style="width:45.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,083)
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,398)
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(13,174)
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,788)
</td>
</tr>
<tr>
<td valign="bottom" style="width:45.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Interest expense</font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,310)
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:11.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,652)
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,322)
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,342)
</td>
</tr>
<tr>
<td valign="bottom" style="width:45.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,440)
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:11.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,224
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,071)
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,669
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The following is a summary of the Company’s equity in earnings (loss) of unconsolidated joint ventures for the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;"> and 2012:</font><font style="display: inline;font-style:italic;font-size:10pt;"> (dollars in thousands)</font>
</p>
<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 1pt">
<font style="display: inline;font-size:1pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;height:1pt;overflow:hidden;font-size: 12pt">
</p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 11pt">
<font style="display: inline;font-family:Calibri;font-size:11pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="4" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Three Months Ended</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="4" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> Six Months Ended</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="4" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> June 30,</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td colspan="4" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> June 30,</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Entity</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2013
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2012
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2013
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2012
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Plaza VIII & IX Associates, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">South Pier at Harborside</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,056
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>792
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>545
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>804
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Red Bank Corporate Plaza, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>106
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>207
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>204
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">12 Vreeland Associates, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>116
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>324
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Boston Downtown Crossing</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>651
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(227)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>646
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(327)
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Gale Jefferson, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Stamford SM LLC</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>897
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>910
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,782
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,266
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Marbella RoseGarden, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(165)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(276)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">RoseGarden Monaco Holdings, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(423)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(822)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Rosewood Lafayette Holdings, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(284)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(574)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">PruRose Port Imperial South 15, LLC</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(606)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Rosewood Morristown, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(117)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(241)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Overlook Ridge JV, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Overlook Ridge, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Overlook Ridge JV 2C/3B, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>224
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>151
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Roseland/North Retail, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(83)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(132)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">BNES Associates III</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(71)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Portside Master Company, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(68)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(113)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">PruRose Port Imperial South 13, LLC</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(145)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(278)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Roseland/Port Imperial Partners, L.P.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">RoseGarden Marbella South, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(37)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">PruRose Riverwalk G, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(192)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(378)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Elmajo Urban Renewal Associates, LLC</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(82)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(168)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Estuary Urban Renewal Unit B, LLC</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(34)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(63)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Riverpark at Harrison I, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">150 Main Street, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">RoseGarden Monaco, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Hillsborough 206 Holdings, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Grand Jersey Waterfront Urban Renewal Associates, L.L.C.</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Crystal House Apartments Investors LLC</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,535)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,522)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;text-align:right;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;"> -</font></p>
</td>
</tr>
<tr>
<td valign="bottom" style="width:44.92%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">Company's equity in earnings of unconsolidated joint ventures</font></p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.82%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(80)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,733
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,830)
</td>
<td valign="bottom" style="width:01.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 12pt">
</p>
</td>
<td valign="bottom" style="width:01.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;padding:0pt;">
<p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman;font-size: 8pt">
<font style="display: inline;font-size:8pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,333
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
</p>
<p><font size="1"> </font></p><p style="page-break-after:always"> </p>
<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;"></font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Plaza VIII and IX Associates, L.L.C. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company has a joint venture with Columbia Development Company, L.L.C. (“Columbia”), which owns land for future development currently used as a parking facility and located on the Hudson River waterfront in Jersey City, New Jersey, adjacent to the Company’s Harborside complex. The Company holds a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in the venture. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">South Pier at Harborside – Hotel </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company has a joint venture with Hyatt Corporation (“Hyatt”) which owns a </font><font style="display: inline;font-size:10pt;">350</font><font style="display: inline;font-size:10pt;">-room hotel on the South Pier at Harborside, Jersey City, New Jersey. The Company holds a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in the venture. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The venture has a non-recourse mortgage loan with a balance as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;"> of $</font><font style="display: inline;font-size:10pt;">63.4</font><font style="display: inline;font-size:10pt;"> million collateralized by the hotel property. The loan carries an interest rate of </font><font style="display: inline;font-size:10pt;">6.15</font><font style="display: inline;font-size:10pt;"> percent and matures in </font><font style="display: inline;font-size:10pt;">November 2016</font><font style="display: inline;font-size:10pt;">. The venture also has a loan with a balance as of </font><font style="display: inline;font-size:10pt;">June 30</font><font style="display: inline;font-size:10pt;">, 2013 of $</font><font style="display: inline;font-size:10pt;">5.1</font><font style="display: inline;font-size:10pt;"> million with the City of Jersey City, provided by the U.S. Department of Housing and Urban Development. The loan currently bears interest at fixed rates ranging from </font><font style="display: inline;font-size:10pt;">6.09</font><font style="display: inline;font-size:10pt;"> percent to </font><font style="display: inline;font-size:10pt;">6.62</font><font style="display: inline;font-size:10pt;"> percent and matures in </font><font style="display: inline;font-size:10pt;">August 2020</font><font style="display: inline;font-size:10pt;">. The Company has posted a $</font><font style="display: inline;font-size:10pt;">5.1</font><font style="display: inline;font-size:10pt;"> million letter of credit in support of this loan, half of which is indemnified by Hyatt. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Red Bank Corporate Plaza</font><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">, L.L.C.</font><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company has a joint venture with The PRC Group, which owns Red Bank Corporate Plaza, a </font><font style="display: inline;font-size:10pt;">92,878</font><font style="display: inline;font-size:10pt;"> square foot office building located in Red Bank, New Jersey. The property is fully leased to Hovnanian Enterprises, Inc. through </font><font style="display: inline;font-size:10pt;">September 30, 2017</font><font style="display: inline;font-size:10pt;">. The Company holds a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in the venture. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The venture has a $</font><font style="display: inline;font-size:10pt;">17.0</font><font style="display: inline;font-size:10pt;"> million mortgage loan collateralized by the office property, which bears interest at a rate of the London Interbank Offered Rate (“LIBOR”) plus </font><font style="display: inline;font-size:10pt;">300</font><font style="display: inline;font-size:10pt;"> basis points and matures in </font><font style="display: inline;font-size:10pt;">May 2016</font><font style="display: inline;font-size:10pt;">. LIBOR was </font><font style="display: inline;font-size:10pt;">0.19</font><font style="display: inline;font-size:10pt;"> percent at </font><font style="display: inline;font-size:10pt;">June 30</font><font style="display: inline;font-size:10pt;">, 2013. The loan includes contingent guarantees for a portion of the principal by the Company based on certain conditions. On September 22, 2011, the interest rate on </font><font style="display: inline;font-size:10pt;">75</font><font style="display: inline;font-size:10pt;"> percent of the loan was fixed at </font><font style="display: inline;font-size:10pt;">3.99375</font><font style="display: inline;font-size:10pt;"> percent effective from October 17, 2011 through maturity. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed management, leasing, and other services for the property owned by the joint venture and recognized $</font><font style="display: inline;font-size:10pt;">27,000</font><font style="display: inline;font-size:10pt;"> and $</font><font style="display: inline;font-size:10pt;">25,000</font><font style="display: inline;font-size:10pt;"> in fees for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;"> and 2012, respectively</font><font style="display: inline;font-size:10pt;">, and $</font><font style="display: inline;font-size:10pt;">54,000</font><font style="display: inline;font-size:10pt;"> and $</font><font style="display: inline;font-size:10pt;">50,000</font><font style="display: inline;font-size:10pt;"> for the </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;"> and 2012, respectively</font><font style="display: inline;font-size:10pt;">. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">12 Vreeland Associates, L.L.C. </font><font style="display: inline;font-size:10pt;text-decoration:underline;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company entered into a joint venture to form M-C Vreeland, LLC (“M</font><font style="display: inline;font-size:10pt;">‑C Vreeland”), which acquired a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in 12 Vreeland Associates, L.L.C., which owns a </font><font style="display: inline;font-size:10pt;">139,750</font><font style="display: inline;font-size:10pt;"> square foot office property located at 12 Vreeland Road, Florham Park, New Jersey. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On June 18, 2013, </font><font style="display: inline;font-size:10pt;">12 Vreeland Associates, L.L.C.</font><font style="display: inline;font-size:10pt;"> obtained a mortgage loan which is collateralized by its office property. The amortizable loan with a balance of </font><font style="display: inline;font-size:10pt;">$16.0</font><font style="display: inline;font-size:10pt;"> million as of June 30, 2013 bears interest at </font><font style="display: inline;font-size:10pt;">2.87</font><font style="display: inline;font-size:10pt;"> percent and matures on </font><font style="display: inline;font-size:10pt;">July 2023</font><font style="display: inline;font-size:10pt;">. The venture subsequently distributed </font><font style="display: inline;font-size:10pt;">$14.8</font><font style="display: inline;font-size:10pt;"> million of the loan proceeds, of which the Company’s share was </font><font style="display: inline;font-size:10pt;">$7.4</font><font style="display: inline;font-size:10pt;"> million.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of M-C Vreeland provides, among other things, for the Participation Rights (see Note 1</font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;">: Noncontrolling Interests in Subsidiaries – Participation Rights). </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Boston</font><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;"> </font><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Downtown Crossing </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company ha</font><font style="display: inline;font-size:10pt;">d </font><font style="display: inline;font-size:10pt;">a joint venture with affiliates of Vornado Realty LP (“Vornado”) and JP Morgan Chase Bank (“JPM”), which was created to acquire and redevelop the Filenes property located in the Downtown Crossing district of Boston, Massachusetts (the “Filenes Property”). The venture was organized in contemplation of developing and converting the Filenes Property into a condominium consisting of a retail unit, an office unit, a parking unit, a hotel unit and a residential unit, aggregating </font><font style="display: inline;font-size:10pt;">1.2</font><font style="display: inline;font-size:10pt;"> million square feet. The Company, through subsidiaries, separately holds approximately a </font><font style="display: inline;font-size:10pt;">15</font><font style="display: inline;font-size:10pt;"> percent indirect ownership interest in each of the units. The project is subject to governmental approvals. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On April </font><font style="display: inline;font-size:10pt;">23</font><font style="display: inline;font-size:10pt;">, 2013, the Company and JPM sold their interests </font><font style="display: inline;font-size:10pt;">in the venture </font><font style="display: inline;font-size:10pt;">for $</font><font style="display: inline;font-size:10pt;">45</font><font style="display: inline;font-size:10pt;"> million, of which the Company’s share was $</font><font style="display: inline;font-size:10pt;">13.5</font><font style="display: inline;font-size:10pt;"> million</font><font style="display: inline;font-size:10pt;">. The Company realized its share of the gain on the sale of </font><font style="display: inline;font-size:10pt;">$754,000</font><font style="display: inline;font-size:10pt;"> which is included in equity in earnings.</font><font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p><font size="1"> </font></p><p style="page-break-after:always"> </p>
<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;"></font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Gale Jefferson, L.L.C. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company had a joint venture with a Gale Affiliate to form M-C Jefferson, L.L.C. (“M-C Jefferson”) which owned an </font><font style="display: inline;font-size:10pt;">8.33</font><font style="display: inline;font-size:10pt;"> percent indirect interest in One Jefferson Road LLC (“One Jefferson”), which developed and managed a </font><font style="display: inline;font-size:10pt;">100,010</font><font style="display: inline;font-size:10pt;"> square foot office property at One Jefferson Road, Parsippany, New Jersey (the </font><font style="display: inline;font-size:10pt;">“</font><font style="display: inline;font-size:10pt;">Jefferson Property”). The property is fully leased to a single tenant through </font><font style="display: inline;font-size:10pt;">August 2025</font><font style="display: inline;font-size:10pt;">. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">One Jefferson had a loan in the amount of $</font><font style="display: inline;font-size:10pt;">20.2</font><font style="display: inline;font-size:10pt;"> million, which bore interest at a rate of LIBOR plus </font><font style="display: inline;font-size:10pt;">160</font><font style="display: inline;font-size:10pt;"> basis points and was scheduled to mature in </font><font style="display: inline;font-size:10pt;">October 2013</font><font style="display: inline;font-size:10pt;">. On January 4, 2013, Gale Jefferson</font><font style="display: inline;font-size:10pt;">, L.L.C.</font><font style="display: inline;font-size:10pt;"> sold its membership interest to JPM for $</font><font style="display: inline;font-size:10pt;">3.2</font><font style="display: inline;font-size:10pt;"> million, of which the Company’s share was $</font><font style="display: inline;font-size:10pt;">1.1</font><font style="display: inline;font-size:10pt;"> million.</font><font style="display: inline;font-size:10pt;"> The Company realized its share of the gain on the sale of </font><font style="display: inline;font-size:10pt;">$69,000</font><font style="display: inline;font-size:10pt;"> which is included in equity in earnings.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed management, leasing, and other services for </font><font style="display: inline;font-size:10pt;">the</font><font style="display: inline;font-size:10pt;"> Jefferson </font><font style="display: inline;font-size:10pt;">Property </font><font style="display: inline;font-size:10pt;">and recognized </font><font style="display: inline;font-size:10pt;">zero</font><font style="display: inline;font-size:10pt;"> and $</font><font style="display: inline;font-size:10pt;">48,000</font><font style="display: inline;font-size:10pt;"> in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended June 30, 2013 and 2012, respectively, and </font><font style="display: inline;font-size:10pt;">$16,000</font><font style="display: inline;font-size:10pt;"> and </font><font style="display: inline;font-size:10pt;">$96,000</font><font style="display: inline;font-size:10pt;"> for the </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30</font><font style="display: inline;font-size:10pt;">, </font><font style="display: inline;font-size:10pt;">2013 and </font><font style="display: inline;font-size:10pt;">201</font><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-size:10pt;">, respectively. </font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Stamford SM LLC</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On February 17, 2012, the Company entered into a joint venture to form Stamford SM LLC (“Stamford SM”) which acquired a senior mezzanine loan (the “Mezz Loan”) position in the capital stack of a </font><font style="display: inline;font-size:10pt;">1.7</font><font style="display: inline;font-size:10pt;"> million square foot class A portfolio in Stamford, Connecticut for $</font><font style="display: inline;font-size:10pt;">40</font><font style="display: inline;font-size:10pt;"> million. The Mezz Loan has a face value of $</font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> million and is secured by the equity interests in a </font><font style="display: inline;font-size:10pt;">seven</font><font style="display: inline;font-size:10pt;">-building portfolio containing </font><font style="display: inline;font-size:10pt;">1.67</font><font style="display: inline;font-size:10pt;"> million square feet of class A office space and </font><font style="display: inline;font-size:10pt;">106</font><font style="display: inline;font-size:10pt;"> residential rental units totaling </font><font style="display: inline;font-size:10pt;">70,500</font><font style="display: inline;font-size:10pt;"> square feet, all located in the Stamford Central Business District. The interest-only Mezz Loan has a carrying value of $</font><font style="display: inline;font-size:10pt;">43.6</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">. The Mezz Loan is subject to an agreement, which provides subject to certain conditions, that principal proceeds above $</font><font style="display: inline;font-size:10pt;">47</font><font style="display: inline;font-size:10pt;"> million are paid to another party. The Mezz Loan bears interest at LIBOR plus </font><font style="display: inline;font-size:10pt;">325</font><font style="display: inline;font-size:10pt;"> basis points and matures in </font><font style="display: inline;font-size:10pt;">August 2013</font><font style="display: inline;font-size:10pt;"> with a </font><font style="display: inline;font-size:10pt;">one</font><font style="display: inline;font-size:10pt;">-year extension option, subject to certain conditions. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Stamford SM provides, among other things, for distributions of net available cash in accordance with its members’ respective ownership percentages. The Company holds an </font><font style="display: inline;font-size:10pt;">80</font><font style="display: inline;font-size:10pt;"> percent interest in the venture. The Company and the </font><font style="display: inline;font-size:10pt;">20</font><font style="display: inline;font-size:10pt;"> percent member share equally in decision-making on all major decisions involving the operations of the venture. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Marbella RoseGarden, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">24.27</font><font style="display: inline;font-size:10pt;"> percent indirect residual interest in an entity that owns a </font><font style="display: inline;font-size:10pt;">412</font><font style="display: inline;font-size:10pt;">-unit, </font><font style="display: inline;font-size:10pt;">40</font><font style="display: inline;font-size:10pt;">-story multi-family rental property which aggregates </font><font style="display: inline;font-size:10pt;">369,607</font><font style="display: inline;font-size:10pt;"> square feet and is located in Jersey City, New Jersey (the “Marbella Property”).</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company owns </font><font style="display: inline;font-size:10pt;">48.5325</font><font style="display: inline;font-size:10pt;"> percent of Marbella RoseGarden, L.L.C. (“RoseGarden”) with the remaining interest owned by MG Marbella Partners, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">RoseGarden owns a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in the property-owning entity, PruRose/Marbella I, L.L.C. (“PruRose/Marbella”), with the remaining interest owned by Prudential-Marbella Partnership (“Prudential-Marbella”). </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of PruRose/Marbella provides that operating cash flows are distributed to members first to Prudential-Marbella and then to RoseGarden based on a </font><font style="display: inline;font-size:10pt;">9.5</font><font style="display: inline;font-size:10pt;"> percent operating return on each members’ capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages. </font><font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential-Marbella had a capital balance of $</font><font style="display: inline;font-size:10pt;">7.6</font><font style="display: inline;font-size:10pt;"> million and RoseGarden had a capital balance of $</font><font style="display: inline;font-size:10pt;">0.1</font><font style="display: inline;font-size:10pt;"> million. There was </font><font style="display: inline;font-size:10pt;">no</font><font style="display: inline;font-size:10pt;"> accumulated unpaid operating return as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed first to the extent of any accumulated unpaid operating return and then to repay each members’ capital balance in the same priority as operating cash flows, with any excess distributed to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of RoseGarden provides for the distribution of available cash flow to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">PruRose/Marbella has a mortgage loan, with a balance of $</font><font style="display: inline;font-size:10pt;">95</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, which bears interest at </font><font style="display: inline;font-size:10pt;">4.99</font><font style="display: inline;font-size:10pt;"> percent and matures in </font><font style="display: inline;font-size:10pt;">May 2018</font><font style="display: inline;font-size:10pt;">. The interest-only loan is collateralized by the Marbella Property. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed management, leasing, and other services for PruRose</font><font style="display: inline;font-size:10pt;">/</font><font style="display: inline;font-size:10pt;">Marbella and recognized $</font><font style="display: inline;font-size:10pt;">84,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">179,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">RoseGarden Monaco Holdings, L.L.C. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">15</font><font style="display: inline;font-size:10pt;"> percent indirect residual interest in an entity that owns </font><font style="display: inline;font-size:10pt;">two</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;">-story multi-family rental properties with </font><font style="display: inline;font-size:10pt;">523</font><font style="display: inline;font-size:10pt;"> units (the “Monaco Property”). The Monaco Property aggregates </font><font style="display: inline;font-size:10pt;">477,254</font><font style="display: inline;font-size:10pt;"> square feet and is located in Jersey City, New Jersey. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company owns </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent of RoseGarden Monaco Holdings L.L.C. (“RoseGarden Monaco”) with the remaining interest owned by MG Monaco, L.L.C. RoseGarden Monaco holds a </font><font style="display: inline;font-size:10pt;">60</font><font style="display: inline;font-size:10pt;"> percent interest in Monaco Holdings, L.L.C. (“Monaco Holdings”) with the remaining interest owned by Hudson Hotel Monaco L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Monaco Holdings owns a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in the property-owning entity, PruRose Monaco Holdings, L.L.C. (“PruRose Monaco”) with the remaining interest owned by The Prudential Insurance Company of America (“Prudential”).</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of PruRose Monaco provides that operating cash flows are distributed to members first to Prudential and then to Monaco Holdings based on a </font><font style="display: inline;font-size:10pt;">nine</font><font style="display: inline;font-size:10pt;"> percent operating return on each members’ capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages. </font><font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential had a capital balance of $</font><font style="display: inline;font-size:10pt;">76</font><font style="display: inline;font-size:10pt;"> million and an accumulated unpaid operating return of $</font><font style="display: inline;font-size:10pt;">3.0</font><font style="display: inline;font-size:10pt;"> million. It is not anticipated that Monaco Holdings will be required to fund any capital. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed first to the extent of any accumulated unpaid operating return and then to repay each members’ capital balance in the same priority as operating cash flows, with any excess distributed to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Monaco Holdings provides, among other things, for the distributions of net cash flows to the members, first, in respect of unrecovered capital on a pro rata basis, with any remaining cash flow in accordance with their ownership percentages. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of RoseGarden Monaco provides, among other things, for the distribution of available cash flow to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">PruRose Monaco has an interest-only mortgage loan, collateralized by the property with a balance of $</font><font style="display: inline;font-size:10pt;">165</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">. The mortgage loan bears interest at </font><font style="display: inline;font-size:10pt;">4.19</font><font style="display: inline;font-size:10pt;"> percent and matures in </font><font style="display: inline;font-size:10pt;">February 2021</font><font style="display: inline;font-size:10pt;">. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed management, leasing, and other services for PruRose Monaco and recognized $</font><font style="display: inline;font-size:10pt;">114,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">235,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Rosewood Lafayette Holdings, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> percent indirect residual interest in an entity that owns a </font><font style="display: inline;font-size:10pt;">217</font><font style="display: inline;font-size:10pt;">-unit multi-family rental property which aggregates </font><font style="display: inline;font-size:10pt;">185,733</font><font style="display: inline;font-size:10pt;"> square feet and is located in Morristown, New Jersey (the “Highlands Property”). </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company owns </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent of Rosewood Lafayette Holdings, L.L.C. (“Rosewood”) with the remaining interest owned by Woodmont Transit Village, L.L.C. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Rosewood owns a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in the property-owning entity, Rosewood Lafayette Commons, L.L.C. (“Rosewood Lafayette”) with the remaining interest owned by Prudential.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of Rosewood Lafayette provides that operating cash flows are distributed to members first to Prudential and then to Rosewood based on an </font><font style="display: inline;font-size:10pt;">eight</font><font style="display: inline;font-size:10pt;"> percent operating return to December 23, 2012 and </font><font style="display: inline;font-size:10pt;">nine</font><font style="display: inline;font-size:10pt;"> percent thereafter on each members’ capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages. </font><font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential had a capital balance of $</font><font style="display: inline;font-size:10pt;">29.4</font><font style="display: inline;font-size:10pt;"> million and an accumulated unpaid operating return of $</font><font style="display: inline;font-size:10pt;">1.8</font><font style="display: inline;font-size:10pt;"> million. It is not anticipated that Rosewood will be required to fund any capital. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed first to the extent of any accumulated unpaid operating return and then to repay each members’ capital balance in the same priority as operating cash flows, with any excess distributed to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of Rosewood provides for the distribution of available cash flow to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Rosewood Lafayette has a mortgage loan, with a balance of $</font><font style="display: inline;font-size:10pt;">39.7</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, which bears interest at </font><font style="display: inline;font-size:10pt;">4.0</font><font style="display: inline;font-size:10pt;"> percent and matures in </font><font style="display: inline;font-size:10pt;">July 2015</font><font style="display: inline;font-size:10pt;">. The loan requires principal and interest payments based on a </font><font style="display: inline;font-size:10pt;">30</font><font style="display: inline;font-size:10pt;">-year amortization schedule and is collateralized by the Highlands Property. </font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed management, leasing, and other services for Rosewood Lafayette and recognized $</font><font style="display: inline;font-size:10pt;">48,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">94,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">PruRose Port Imperial South 15, LLC</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent residual interest in PruRose Port Imperial South 15, LLC (“Port Imperial 15”), an entity that owns a </font><font style="display: inline;font-size:10pt;">236</font><font style="display: inline;font-size:10pt;">-unit multi-family rental property which aggregates </font><font style="display: inline;font-size:10pt;">214,402</font><font style="display: inline;font-size:10pt;"> square feet and is located in Weehawken, New Jersey (the “RiversEdge Property”).</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Port Imperial 15 is owned 50 percent by the Company and </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent by PRII Port Imperial South 15, LLC (“Prudential-Port”).</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of Port Imperial 15 provides that operating cash flows are distributed to members first to Prudential-Port and then to the Company based on a </font><font style="display: inline;font-size:10pt;">nine</font><font style="display: inline;font-size:10pt;"> percent operating return on each members’ capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages. </font><font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential-Port had a capital balance of $</font><font style="display: inline;font-size:10pt;">33.3</font><font style="display: inline;font-size:10pt;"> million and an accumulated unpaid operating return of $</font><font style="display: inline;font-size:10pt;">4.7</font><font style="display: inline;font-size:10pt;"> million. It is not anticipated that the Company will be required to fund any capital. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed first to the extent of any accumulated unpaid operating return and then to repay each members’ capital balance in the same priority as operating cash flows, with any excess distributed to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Subject to a letter agreement, </font><font style="display: inline;font-size:10pt;">20</font><font style="display: inline;font-size:10pt;"> percent of distributions received by the Company, in excess of an </font><font style="display: inline;font-size:10pt;">eight</font><font style="display: inline;font-size:10pt;"> percent IRR shall be paid to a third party based on certain conditions.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Port Imperial 15 has a mortgage loan, with a balance of $</font><font style="display: inline;font-size:10pt;">57</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, which bears interest at LIBOR plus </font><font style="display: inline;font-size:10pt;">235</font><font style="display: inline;font-size:10pt;"> basis points and matures in </font><font style="display: inline;font-size:10pt;">August 2013</font><font style="display: inline;font-size:10pt;">. The loan provides, subject to certain conditions, </font><font style="display: inline;font-size:10pt;">two</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">one</font><font style="display: inline;font-size:10pt;">-year extension options with a fee of </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> basis points </font><font style="display: inline;font-size:10pt;">each</font><font style="display: inline;font-size:10pt;">. The interest-only loan is collateralized by the RiversEdge Property. On June 30, 2010</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> the interest rate on the loan was fixed at </font><font style="display: inline;font-size:10pt;">3.78</font><font style="display: inline;font-size:10pt;"> percent through </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed management, leasing, and other services for Port Imperial </font><font style="display: inline;font-size:10pt;">15</font><font style="display: inline;font-size:10pt;"> and recognized $</font><font style="display: inline;font-size:10pt;">62,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">123,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Rosewood Morristown, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in Rosewood Morristown, L.L.C. (“Rosewood”) with the remaining interest owned by Woodmont Epsteins, L.L.C. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Rosewood owns a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in Morristown Epsteins, L.L.C. (“Morristown”) with the remaining </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent owned by a third party. Morristown owns an interest in a </font><font style="display: inline;font-size:10pt;">76</font><font style="display: inline;font-size:10pt;">-unit-for-sale luxury condominium community (the “40 Park Condominiums Property”), </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> of which were unsold at acquisition</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">all</font><font style="display: inline;font-size:10pt;"> of which </font><font style="display: inline;font-size:10pt;">have been </font><font style="display: inline;font-size:10pt;">sold as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">. Morristown also owns land where it intends to build a </font><font style="display: inline;font-size:10pt;">91</font><font style="display: inline;font-size:10pt;">-unit, </font><font style="display: inline;font-size:10pt;">seven</font><font style="display: inline;font-size:10pt;">-</font><font style="display: inline;font-size:10pt;">story</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> multi-family rental property (the “Lofts at 40 Park Property”). Morristown also owns a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent residual interest in the entity that owns a </font><font style="display: inline;font-size:10pt;">130</font><font style="display: inline;font-size:10pt;">-unit multi-family rental property (the “Metropolitan Property”) and approximately </font><font style="display: inline;font-size:10pt;">60,000</font><font style="display: inline;font-size:10pt;"> square feet of retail space in </font><font style="display: inline;font-size:10pt;">two</font><font style="display: inline;font-size:10pt;"> buildings (the “Shops”), Epsteins B Rentals, L.L.C. (“Epsteins”), with the remaining interest owned by Prudential. All of the properties are located in Morristown, New Jersey.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Morristown provides, among other things, for the distribution of net available cash to the members, as follows:</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">to pay accrued and unpaid interest at a rate of </font><font style="display: inline;font-size:10pt;">eight</font><font style="display: inline;font-size:10pt;"> percent on the balance note, as defined;</font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">to Rosewood in an amount equal to its current year’s annual preferred return rate of </font><font style="display: inline;font-size:10pt;">eight</font><font style="display: inline;font-size:10pt;"> percent on its adjusted capital, as defined;</font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">to pay the outstanding balance remaining on the balance note, which was $</font><font style="display: inline;font-size:10pt;">975,000</font><font style="display: inline;font-size:10pt;"> as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">;</font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">to Rosewood in an amount equal to its adjusted capital balance, which was $</font><font style="display: inline;font-size:10pt;">3.2</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">; and</font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">to the members in accordance with their ownership percentages.</font></p></td></tr></table></div>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Rosewood provides, among other things, for the distribution of net cash flow to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">PR II/Morristown Prudential, LLC, an affiliate of Prudential, has a </font><font style="display: inline;font-size:10pt;">15</font><font style="display: inline;font-size:10pt;"> percent participating interest in the net sales proceeds from the sale of the 40 Park Condominiums Property units, as defined, pursuant to an August 2011 Participation Agreement, related to a previously satisfied mezzanine loan.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of Epsteins provides that operating cash flows are distributed to members first to Prudential and then to Rosewood based on a </font><font style="display: inline;font-size:10pt;">nine</font><font style="display: inline;font-size:10pt;"> percent return on each members’ capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages. </font><font style="display: inline;font-size:10pt;"> As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential had a capital balance of $</font><font style="display: inline;font-size:10pt;">14.8</font><font style="display: inline;font-size:10pt;"> million and Rosewood had a capital balance of $</font><font style="display: inline;font-size:10pt;">0.7</font><font style="display: inline;font-size:10pt;"> million. There was </font><font style="display: inline;font-size:10pt;">no</font><font style="display: inline;font-size:10pt;"> accumulated unpaid operating return as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed first to the extent of any accumulated unpaid operating return balance and then to repay each members’ capital balance in the same priority as operating cash flows, with any excess distributed to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Epsteins has a mortgage loan, with a balance of $</font><font style="display: inline;font-size:10pt;">48.5</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, which bears interest at LIBOR plus </font><font style="display: inline;font-size:10pt;">275</font><font style="display: inline;font-size:10pt;"> basis points, matures in </font><font style="display: inline;font-size:10pt;">February 2014</font><font style="display: inline;font-size:10pt;"> and </font><font style="display: inline;font-size:10pt;">requires a $</font><font style="display: inline;font-size:10pt;">1.9</font><font style="display: inline;font-size:10pt;"> million principal payment in August 2013</font><font style="display: inline;font-size:10pt;">. The interest-only loan is collateralized by the Metropolitan Property. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Morristown has a mortgage loan, with a balance of $</font><font style="display: inline;font-size:10pt;">1.1</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, which bears interest at LIBOR plus </font><font style="display: inline;font-size:10pt;">250</font><font style="display: inline;font-size:10pt;"> basis points and matures in </font><font style="display: inline;font-size:10pt;">September 2013</font><font style="display: inline;font-size:10pt;">. The loan is collateralized by the Lofts at </font><font style="display: inline;font-size:10pt;">40</font><font style="display: inline;font-size:10pt;"> Park Property and is fully guaranteed by the Company.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed management, leasing, and other services for Epsteins and recognized $</font><font style="display: inline;font-size:10pt;">44,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">87,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Overlook Ridge JV, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> percent indirect interest in an entity that owns a </font><font style="display: inline;font-size:10pt;">251</font><font style="display: inline;font-size:10pt;">-unit multi-family rental property (“Quarrystone I Property”) and a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent indirect interest in an entity that owns a land parcel located in Malden, Massachusetts (“Overlook Phase III”). The Quarrystone I Property aggregates </font><font style="display: inline;font-size:10pt;">278,721</font><font style="display: inline;font-size:10pt;"> square feet and is located in Malden, Massachusetts.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company owns </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent of Overlook Ridge JV, L.L.C. (“Overlook Ridge JV”) with the remaining interest owned by Rowe Contracting Company (“Rowe”). </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Overlook Ridge JV owns a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in the property-owning entity, LR JV-C Associates, L.L.C. (“LR Overlook”) with the remaining interest owned by Lennar Massachusetts Properties Inc. (“Lennar”) and a </font><font style="display: inline;font-size:10pt;">100</font><font style="display: inline;font-size:10pt;"> percent interest in the property-owning entity LR Overlook Phase III, L.L.C. (“LR Overlook Phase III”).</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of LR Overlook provides, among other things, for distributions of cash flow to the members in accordance with their ownership percentages, subject to the repayment of priority partnership loans. </font><font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Lennar has a priority partnership loan of $</font><font style="display: inline;font-size:10pt;">18.8</font><font style="display: inline;font-size:10pt;"> million, which has an accrued interest balance of $</font><font style="display: inline;font-size:10pt;">13.5</font><font style="display: inline;font-size:10pt;"> million. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Overlook Ridge JV provides, among other things, for the distribution of distributable cash, as defined, to the members, as follows:</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">First, to the members in proportion to their respective unrecovered capital percentages, as defined in the agreement, until each member’s unrecovered capital has been reduced to </font><font style="display: inline;font-size:10pt;">zero</font><font style="display: inline;font-size:10pt;">; and </font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Second, to the members in accordance with their ownership percentages.</font></p></td></tr></table></div>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">LR Overlook has mortgage loans, with a balance of $</font><font style="display: inline;font-size:10pt;">69.9</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, which mature in </font><font style="display: inline;font-size:10pt;">March 2016</font><font style="display: inline;font-size:10pt;">. The senior loan, with a balance of $</font><font style="display: inline;font-size:10pt;">52.9</font><font style="display: inline;font-size:10pt;"> million, which bears interest at LIBOR plus </font><font style="display: inline;font-size:10pt;">200</font><font style="display: inline;font-size:10pt;"> basis points is collateralized by the Quarrystone I property. The junior loan, with a balance of $</font><font style="display: inline;font-size:10pt;">17</font><font style="display: inline;font-size:10pt;"> million, which bears interest at LIBOR plus </font><font style="display: inline;font-size:10pt;">90</font><font style="display: inline;font-size:10pt;"> basis points is collateralized by a $</font><font style="display: inline;font-size:10pt;">17</font><font style="display: inline;font-size:10pt;"> million letter of credit provided by an affiliate of Lennar. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">LR Overlook Phase III has a mortgage loan, with a balance of $</font><font style="display: inline;font-size:10pt;">5.6</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, which bears interest at a rate of LIBOR plus </font><font style="display: inline;font-size:10pt;">250</font><font style="display: inline;font-size:10pt;"> basis points and matures in </font><font style="display: inline;font-size:10pt;">April 2015</font><font style="display: inline;font-size:10pt;">. The loan provides, subject to certain conditions, a </font><font style="display: inline;font-size:10pt;">one</font><font style="display: inline;font-size:10pt;">-year extension option with a fee of </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> basis points. The interest-only loan is collateralized by the Overlook Phase III Land. The Company has guaranteed repayment of up to $</font><font style="display: inline;font-size:10pt;">1.5</font><font style="display: inline;font-size:10pt;"> million and all interest under the loan.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed management, leasing, and other services for LR Overlook and recognized $</font><font style="display: inline;font-size:10pt;">45,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">90,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Overlook Ridge, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in land parcels at Overlook Ridge, L.L.C. (“Overlook Ridge”), referred to as Sites IIIA, IIIC, and IIID (“Overlook Land”), which are located in Malden and Revere, Massachusetts. The remaining interest in the property-owning entity, Overlook Ridge, is owned by Rowe.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Overlook Ridge provides, among other things, for the distribution of net cash flow to the members, as follows:</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">First, to the members in proportion to their unrecovered capital percentages, as defined, until the cumulative amounts distributed equal such member’s return of </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> percent on the unrecovered capital; and</font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Second, to the members in accordance with their ownership percentages.</font></p></td></tr></table></div>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In addition, the operating agreement provides that both Rowe and the Company receive a notional land capital account based on the development of each Overlook Land, as defined. Based on the anticipated development of each remaining Overlook Land, the total notional land capital account is approximately $</font><font style="display: inline;font-size:10pt;">20</font><font style="display: inline;font-size:10pt;"> million, and is allocated </font><font style="display: inline;font-size:10pt;">97</font><font style="display: inline;font-size:10pt;"> percent to Rowe and </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> percent to the Company. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Overlook Ridge has a mortgage loan collateralized by Overlook Land, not to exceed $</font><font style="display: inline;font-size:10pt;">17.4</font><font style="display: inline;font-size:10pt;"> million, with a balance of $</font><font style="display: inline;font-size:10pt;">16.3</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">. The loan bears interest at a rate of LIBOR plus </font><font style="display: inline;font-size:10pt;">350</font><font style="display: inline;font-size:10pt;"> basis points and matures in </font><font style="display: inline;font-size:10pt;">March 2014</font><font style="display: inline;font-size:10pt;">. The loan provides, subject to certain conditions, a </font><font style="display: inline;font-size:10pt;">one</font><font style="display: inline;font-size:10pt;">-year extension option with a fee of </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> basis points. The Company has guaranteed repayment of the outstanding principal balance of the loan.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Overlook Ridge JV 2C/3B, L</font><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">.</font><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">L</font><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">.</font><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">C</font><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> percent indirect residual interest in a to-be-built, </font><font style="display: inline;font-size:10pt;">371</font><font style="display: inline;font-size:10pt;">-unit multi-family rental development spanning </font><font style="display: inline;font-size:10pt;">four</font><font style="display: inline;font-size:10pt;"> buildings (the “Overlook 2C/3B Project”) which is located in Malden, Massachusetts. Construction began in January 2013 with anticipated initial deliveries in </font><font style="display: inline;font-size:10pt;">the first quarter</font><font style="display: inline;font-size:10pt;"> 201</font><font style="display: inline;font-size:10pt;">4</font><font style="display: inline;font-size:10pt;">. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company owns a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in Overlook Ridge JV 2C/3B, L.L.C. (“Overlook 2C/3B”) with the remaining interest owned by Rowe. Overlook 2C/3B owns a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in the development project-owning entity, Overlook Ridge Apartments Investors LLC (“Overlook Apartments Investors”) with the remaining interests owned by Overlook Ridge Apartments Member LLC (“Overlook Apartments Member”). Pursuant to the operating agreement Overlook Apartments Member is required to fund $</font><font style="display: inline;font-size:10pt;">23.9</font><font style="display: inline;font-size:10pt;"> million of the total development costs of $</font><font style="display: inline;font-size:10pt;">79.4</font><font style="display: inline;font-size:10pt;"> million, with the balance to be funded by a $</font><font style="display: inline;font-size:10pt;">55.5</font><font style="display: inline;font-size:10pt;"> million construction loan.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of Overlook Apartments Investors provides that operating cash flows are distributed to members first to Overlook Apartments Member and then to Overlook 2C/3B based on a </font><font style="display: inline;font-size:10pt;">6.5</font><font style="display: inline;font-size:10pt;"> percent preferred return on each members’ capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages. </font><font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Overlook Apartments Member had a capital balance of $</font><font style="display: inline;font-size:10pt;">22.6</font><font style="display: inline;font-size:10pt;"> million with an accumulated unpaid preferred return of $</font><font style="display: inline;font-size:10pt;">0.7</font><font style="display: inline;font-size:10pt;"> million. It is anticipated that Overlook 2C/3B will not be required to fund any capital. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed first to the extent of any accumulated unpaid preferred return, then to repay each members’ capital balance in the same priority as operating cash flows, then </font><font style="display: inline;font-size:10pt;">100</font><font style="display: inline;font-size:10pt;"> percent to Overlook Apartments Member until it receives a </font><font style="display: inline;font-size:10pt;">nine</font><font style="display: inline;font-size:10pt;"> percent IRR, and then </font><font style="display: inline;font-size:10pt;">70</font><font style="display: inline;font-size:10pt;"> percent to Overlook Apartments Member and </font><font style="display: inline;font-size:10pt;">30</font><font style="display: inline;font-size:10pt;"> percent to Overlook 2C/3B, pari passu, until Overlook Apartments Member receives an </font><font style="display: inline;font-size:10pt;">11</font><font style="display: inline;font-size:10pt;"> percent IRR, as defined, with any excess distributed to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Overlook 2C/3B and its affiliates are restricted from commencing any new residential real property development at Overlook Ridge until January 2015, without the prior written consent of Overlook Apartments Member. Thereafter, Overlook Apartments Member has a right of first offer to participate in future Overlook Ridge Projects, all as more fully set forth in the operating agreement of Overlook Ridge Apartments Investors.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Overlook Apartments Investors has a construction loan not to exceed $</font><font style="display: inline;font-size:10pt;">55.5</font><font style="display: inline;font-size:10pt;"> million with </font><font style="display: inline;font-size:10pt;">no</font><font style="display: inline;font-size:10pt;"> balance at </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, which bears interest at LIBOR plus </font><font style="display: inline;font-size:10pt;">250</font><font style="display: inline;font-size:10pt;"> basis points and matures in </font><font style="display: inline;font-size:10pt;">December 2015</font><font style="display: inline;font-size:10pt;">. The loan provides, subject to certain conditions, </font><font style="display: inline;font-size:10pt;">two</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">one</font><font style="display: inline;font-size:10pt;">-year extension options with a fee of </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> basis points </font><font style="display: inline;font-size:10pt;">each</font><font style="display: inline;font-size:10pt;">. The Company has guaranteed lien-free completion of the project to the lender and Overlook Apartments Member. The Company has also guaranteed repayment of $</font><font style="display: inline;font-size:10pt;">8.3</font><font style="display: inline;font-size:10pt;"> million of the loan. Upon the project achieving a debt service coverage ratio of </font><font style="display: inline;font-size:10pt;">1.25</font><font style="display: inline;font-size:10pt;">, as defined, the repayment guaranty ends. Additionally, the Company has guaranteed payment of all interest due under the loan. On January 18, 2013</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> the interest rate on an amount not expected to exceed </font><font style="display: inline;font-size:10pt;">95</font><font style="display: inline;font-size:10pt;"> percent of the outstanding loan balance was fixed at </font><font style="display: inline;font-size:10pt;">3.0875</font><font style="display: inline;font-size:10pt;"> percent from September 3, 2013 to November 2, 2015. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Overlook 2C/3B provides, among other things, for the distribution of net operating cash flow to the members, as follows:</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">First, to each member in proportion to and to the extent of such member’s unrecovered return of </font><font style="display: inline;font-size:10pt;">nine</font><font style="display: inline;font-size:10pt;"> percent on unrecovered capital; and</font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Second, to the members in accordance with their ownership percentages.</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Rowe ha</font><font style="display: inline;font-size:10pt;">s</font><font style="display: inline;font-size:10pt;"> an unrecovered notional capital account balance of $</font><font style="display: inline;font-size:10pt;">7.2</font><font style="display: inline;font-size:10pt;"> million and the Company has an unrecovered capital account with $</font><font style="display: inline;font-size:10pt;">0.2</font><font style="display: inline;font-size:10pt;"> million associated with its land capital as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed development, management</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> and other services for Overlook Apartments Investors and recognized $</font><font style="display: inline;font-size:10pt;">109,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">178,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Roseland/North Retail, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">20</font><font style="display: inline;font-size:10pt;"> percent residual interest in Port Imperial North Retail, L.L.C. (“PI North Retail”), an entity that owns commercial condominium units (the “Riverwalk Property”), with the remaining interest owned by PR II Port Imperial Retail, LLC (“Prudential-PI”). The Riverwalk Property aggregates </font><font style="display: inline;font-size:10pt;">30,745</font><font style="display: inline;font-size:10pt;"> square feet of retail space and is located in West New York, New Jersey.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of PI North Retail provides that operating cash flows are distributed first to Prudential-PI and then to the Company based on a </font><font style="display: inline;font-size:10pt;">nine</font><font style="display: inline;font-size:10pt;"> percent operating return on each members’ capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with ownership percentages. </font><font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential-PI had a capital balance of $</font><font style="display: inline;font-size:10pt;">4.3</font><font style="display: inline;font-size:10pt;"> million and an accumulated unpaid operating return of $</font><font style="display: inline;font-size:10pt;">1.5</font><font style="display: inline;font-size:10pt;"> million and the Company had </font><font style="display: inline;font-size:10pt;">no</font><font style="display: inline;font-size:10pt;"> capital balance. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed first to the extent of any accumulated unpaid operating return and then to repay each members’ capital balance in the same priority as operating cash flows, with any excess distributed to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed management, leasing, and other services for PI North Retail and recognized $</font><font style="display: inline;font-size:10pt;">7,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">15,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">BNES Associates III</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">31.25</font><font style="display: inline;font-size:10pt;"> percent indirect interest in an entity that owns a </font><font style="display: inline;font-size:10pt;">106,345</font><font style="display: inline;font-size:10pt;"> square foot fully-leased office property located in West Orange, New Jersey.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company owns </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent of BNES Associates III (“BNES”) with the remaining interest owned by L.A.H. Partners Crystal Lake, L.L.C. BNES owns a </font><font style="display: inline;font-size:10pt;">62.50</font><font style="display: inline;font-size:10pt;"> percent interest in the property-owning entity, The Offices at Crystal Lake, L.L.C. (“Crystal Lake”). </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Crystal Lake provides, among other things, for the distribution of net cash flow to the members in accordance with their percentage interests.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Crystal Lake has a mortgage loan, with a balance of $</font><font style="display: inline;font-size:10pt;">7.6</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;"> collateralized by the office property, which bears interest at </font><font style="display: inline;font-size:10pt;">4.76</font><font style="display: inline;font-size:10pt;"> percent and matures in </font><font style="display: inline;font-size:10pt;">November 2023</font><font style="display: inline;font-size:10pt;">. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Portside Master Company, L.L.C</font><font style="display: inline;font-weight:bold;font-size:10pt;">. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">38.25</font><font style="display: inline;font-size:10pt;"> percent indirect residual interest in a to-be-built, </font><font style="display: inline;font-size:10pt;">176</font><font style="display: inline;font-size:10pt;">-unit multi-family rental property (“Portside at Pier One Building Seven Pro</font><font style="display: inline;font-size:10pt;">ject</font><font style="display: inline;font-size:10pt;">”). The Portside at Pier One Building Seven Project is located in East Boston, Massachusetts and began construction in December 2012 with anticipated initial deliveries in </font><font style="display: inline;font-size:10pt;">the third quarter</font><font style="display: inline;font-size:10pt;"> 2014. The project is subject to a ground lease with the Massachusetts Port Authority. The ground lease provides for fixed and percentage rent.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company owns </font><font style="display: inline;font-size:10pt;">85</font><font style="display: inline;font-size:10pt;"> percent of Portside Master Company, L.L.C. (“Portside Master”) with the remaining interest owned by Portside Boston, L.L.C. Portside Master holds a </font><font style="display: inline;font-size:10pt;">45</font><font style="display: inline;font-size:10pt;"> percent interest in the development project-owning entity, Portside Apartment Holdings, L.L.C. (“Portside Apartment Holdings”) with the remaining interest owned by PR II Portside Investors L.L.C. (“Prudential Portside”). Pursuant to the operating agreement, Prudential Portside is required to fund $</font><font style="display: inline;font-size:10pt;">23.8</font><font style="display: inline;font-size:10pt;"> million of the estimated total development costs of $</font><font style="display: inline;font-size:10pt;">66.3</font><font style="display: inline;font-size:10pt;"> million, with the balance to be funded by a $</font><font style="display: inline;font-size:10pt;">42.5</font><font style="display: inline;font-size:10pt;"> million construction loan. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of Portside Apartment Holdings provides that operating cash flows are distributed to members first to Prudential Portside and then to Portside Master based on a </font><font style="display: inline;font-size:10pt;">nine</font><font style="display: inline;font-size:10pt;"> percent operating return on each members’ capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages. </font><font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential Portside had a capital balance of $</font><font style="display: inline;font-size:10pt;">8.7</font><font style="display: inline;font-size:10pt;"> million and an unpaid operating return of $</font><font style="display: inline;font-size:10pt;">0.3</font><font style="display: inline;font-size:10pt;"> million. It is anticipated that Portside Master will not be required to fund any capital. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed first to the extent of any accumulated unpaid operating return, then to repay each members’ capital balance in the same priority as operating cash flows, and then </font><font style="display: inline;font-size:10pt;">65</font><font style="display: inline;font-size:10pt;"> percent to Prudential Portside and </font><font style="display: inline;font-size:10pt;">35</font><font style="display: inline;font-size:10pt;"> percent to Portside Master, pari passu, until Prudential Portside receives a </font><font style="display: inline;font-size:10pt;">12</font><font style="display: inline;font-size:10pt;"> percent IRR, as defined, with any excess distributed to the members in accordance with their ownership percentages. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Portside Master provides, among other things, for the distribution of net cash flow to the members in accordance with their ownership percentages. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Portside Apartment Holdings has a construction loan in an amount not to exceed $</font><font style="display: inline;font-size:10pt;">42.5</font><font style="display: inline;font-size:10pt;"> million with </font><font style="display: inline;font-size:10pt;">no</font><font style="display: inline;font-size:10pt;"> balance at </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, which bears interest at LIBOR plus </font><font style="display: inline;font-size:10pt;">250</font><font style="display: inline;font-size:10pt;"> basis points and matures in </font><font style="display: inline;font-size:10pt;">December 2015</font><font style="display: inline;font-size:10pt;">. The loan provides, subject to certain conditions, </font><font style="display: inline;font-size:10pt;">two</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">one</font><font style="display: inline;font-size:10pt;">-year extension options with a fee of </font><font style="display: inline;font-size:10pt;">12.5</font><font style="display: inline;font-size:10pt;"> basis points for year one and </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> basis points for year two. The Company has guaranteed lien-free completion of the project to the lender, Prudential Portside and Massachusetts Port Authority. The Company has also guaranteed repayment of </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent of the loan until project completion, when the repayment guaranty is reduced to </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> percent. The Company’s repayment guaranty is further reduced to </font><font style="display: inline;font-size:10pt;">10</font><font style="display: inline;font-size:10pt;"> percent upon achieving a debt service coverage ratio of </font><font style="display: inline;font-size:10pt;">1.25</font><font style="display: inline;font-size:10pt;">, as defined. Additionally, the Company has guaranteed payment of all interest due under the loan. </font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed development, management</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> and other services for Portside Apartment Holdings and recognized $</font><font style="display: inline;font-size:10pt;">169,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">211,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">PruRose Port Imperial South 13, LLC</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">20</font><font style="display: inline;font-size:10pt;"> percent residual interest in a to-be-built, </font><font style="display: inline;font-size:10pt;">280</font><font style="display: inline;font-size:10pt;">-unit multi-family rental property (“Port Imperial 13”) located in Weehawken, New Jersey. Port Imperial 13 began construction in January 2013 with anticipated initial deliveries in </font><font style="display: inline;font-size:10pt;">the fourth quarter</font><font style="display: inline;font-size:10pt;"> 2014. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The remaining interest in the PruRose Port Imperial South 13, LLC (“PruRose 13”) is owned by PR II Port Imperial South 13 Investor LLC (“Prudential 13”). Pursuant to the operating agreement, Prudential 13 is required to fund $</font><font style="display: inline;font-size:10pt;">23.1</font><font style="display: inline;font-size:10pt;"> million of the estimated total development costs of $</font><font style="display: inline;font-size:10pt;">96.4</font><font style="display: inline;font-size:10pt;"> million, not including contributed land capital of $</font><font style="display: inline;font-size:10pt;">21</font><font style="display: inline;font-size:10pt;"> million, which is allocated $</font><font style="display: inline;font-size:10pt;">19.2</font><font style="display: inline;font-size:10pt;"> million to Prudential 13 and $</font><font style="display: inline;font-size:10pt;">1.8</font><font style="display: inline;font-size:10pt;"> million to the Company, with the balance to be funded by a $</font><font style="display: inline;font-size:10pt;">73.4</font><font style="display: inline;font-size:10pt;"> million construction loan.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of PruRose 13 provides that operating cash flows are distributed to members first to Prudential 13 and then to the Company based on a </font><font style="display: inline;font-size:10pt;">nine</font><font style="display: inline;font-size:10pt;"> percent operating return on each members’ capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages. </font><font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential 13 had a capital balance of $</font><font style="display: inline;font-size:10pt;">32.5</font><font style="display: inline;font-size:10pt;"> million and an accumulated unpaid operating return of $</font><font style="display: inline;font-size:10pt;">1.8</font><font style="display: inline;font-size:10pt;"> million and the Company had a capital balance of $</font><font style="display: inline;font-size:10pt;">1.8</font><font style="display: inline;font-size:10pt;"> million and an accumulated unpaid operating return of $</font><font style="display: inline;font-size:10pt;">0.1</font><font style="display: inline;font-size:10pt;"> million.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed first to the extent of any accumulated unpaid operating return and then to repay each members’ capital balance in the same priority as operating cash flows, with any excess distributed to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Subject to an agreement, </font><font style="display: inline;font-size:10pt;">20</font><font style="display: inline;font-size:10pt;"> percent of distributions received by the Company, in excess of an </font><font style="display: inline;font-size:10pt;">eight</font><font style="display: inline;font-size:10pt;"> percent IRR, shall be paid to another party. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">PruRose 13 has a construction loan in an amount not to exceed $</font><font style="display: inline;font-size:10pt;">73.4</font><font style="display: inline;font-size:10pt;"> million with </font><font style="display: inline;font-size:10pt;">no</font><font style="display: inline;font-size:10pt;"> balance at </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">. The loan bears interest at a rate of LIBOR plus </font><font style="display: inline;font-size:10pt;">215</font><font style="display: inline;font-size:10pt;"> basis points and matures in </font><font style="display: inline;font-size:10pt;">June 2016</font><font style="display: inline;font-size:10pt;">. The loan provides, subject to certain conditions, </font><font style="display: inline;font-size:10pt;">a </font><font style="display: inline;font-size:10pt;">one</font><font style="display: inline;font-size:10pt;">-year extension option followed by a </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;">-month extension option with a fee of </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> basis points </font><font style="display: inline;font-size:10pt;">each</font><font style="display: inline;font-size:10pt;">. The Company has guaranteed lien-free completion of the project to the lender and Prudential. The Company has also guaranteed repayment of up to $</font><font style="display: inline;font-size:10pt;">11</font><font style="display: inline;font-size:10pt;"> million of the loan. The Company’s guaranty of repayment is reduced to $</font><font style="display: inline;font-size:10pt;">7.4</font><font style="display: inline;font-size:10pt;"> million upon achieving a debt service coverage ratio of </font><font style="display: inline;font-size:10pt;">1.25</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> and to </font><font style="display: inline;font-size:10pt;">zero</font><font style="display: inline;font-size:10pt;"> upon achieving a debt service coverage ratio of </font><font style="display: inline;font-size:10pt;">1.40</font><font style="display: inline;font-size:10pt;">, as defined. Additionally, the Company has guaranteed payment of all interest due under the loan. On December 28, 2012</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> the interest rate on an amount not expected to exceed </font><font style="display: inline;font-size:10pt;">95</font><font style="display: inline;font-size:10pt;"> percent of the outstanding loan balance was fixed at </font><font style="display: inline;font-size:10pt;">2.79</font><font style="display: inline;font-size:10pt;"> percent from July 1, 2013 to January 1, 2016.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed development, management</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> and other services for PruRose 13 and recognized $</font><font style="display: inline;font-size:10pt;">283,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">325,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Roseland/Port Imperial Partners, L.P.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">20</font><font style="display: inline;font-size:10pt;"> percent residual interest in a to-be-built, </font><font style="display: inline;font-size:10pt;">363</font><font style="display: inline;font-size:10pt;">-unit multi-family rental property (the “Parcel C Project”), undeveloped land parcels, parcels 6, I and J (“Port Imperial North Land”), and a parcel of land with a ground lease to a retail tenant all located in West New York, New Jersey. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The remaining interests in the development project-owning entity, Roseland/Port Imperial Partners, L.P. (“Roseland/PI”) are owned </font><font style="display: inline;font-size:10pt;">79</font><font style="display: inline;font-size:10pt;"> percent by Prudential and </font><font style="display: inline;font-size:10pt;">one</font><font style="display: inline;font-size:10pt;"> percent by Prudential-Port Imperial LLC (“Prudential LLC”).</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Roseland/PI provides, among other things, for the distribution of net cash flow to the members, as follows:</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">to Prudential and Prudential LLC, in proportion to the excess of their operating return of </font><font style="display: inline;font-size:10pt;">ten</font><font style="display: inline;font-size:10pt;"> percent on Prudential’s Parcel C contribution, as defined, accrued to the date of such distribution over the aggregate amounts previously distributed to such partner for such return; </font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">to the partners, to the extent of any excess of such partner’s operating return of </font><font style="display: inline;font-size:10pt;">ten</font><font style="display: inline;font-size:10pt;"> percent on its additional capital contributions over the aggregate amounts previously distributed for such return; and</font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">to the partners in accordance with their percentage interests.</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential and Prudential LLC had a Parcel C capital balance of $</font><font style="display: inline;font-size:10pt;">18.2</font><font style="display: inline;font-size:10pt;"> million and an accumulated unpaid operating return of $</font><font style="display: inline;font-size:10pt;">3.3</font><font style="display: inline;font-size:10pt;"> million and the Company had a capital balance of $</font><font style="display: inline;font-size:10pt;">8,000</font><font style="display: inline;font-size:10pt;">. </font><font style="display: inline;font-size:10pt;"> Construction of the Parcel C Project is expected to start in 2015.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In addition, the operating agreement provides each member a land capital account associated with the Port Imperial North Land. As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential and Prudential LLC had a land capital account balance of $</font><font style="display: inline;font-size:10pt;">58.1</font><font style="display: inline;font-size:10pt;"> million and the Company had a land capital account of $</font><font style="display: inline;font-size:10pt;">5.1</font><font style="display: inline;font-size:10pt;"> million. The land capital account balances do not earn a return and will be contributed to a development entity upon construction start for each development parcel, as defined. Also, as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential and Prudential LLC had a capital balance of $</font><font style="display: inline;font-size:10pt;">394,000</font><font style="display: inline;font-size:10pt;"> and the Company had a capital balance of $</font><font style="display: inline;font-size:10pt;">98,000</font><font style="display: inline;font-size:10pt;"> related to the Port Imperial North land.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">RoseGarden Marbella South, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">24.27</font><font style="display: inline;font-size:10pt;"> percent indirect residual interest in a to-be-built, </font><font style="display: inline;font-size:10pt;">311</font><font style="display: inline;font-size:10pt;">-unit high-rise multi-family rental property (the “Marbella II Project”) which is located in Jersey City, New Jersey. The Marbella II Project is scheduled to begin construction in the </font><font style="display: inline;font-size:10pt;">third quarter 2013</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company owns </font><font style="display: inline;font-size:10pt;">48.5325</font><font style="display: inline;font-size:10pt;"> percent of RoseGarden Marbella South, L.L.C. (“RoseGarden South”) with the remaining interest owned by MG Marbella Partners II, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">RoseGarden South holds a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in the development project-owning entity, PruRose Marbella II, L.L.C. (“PruRose/Marbella II”), with the remaining interest owned by PRISA III Investments LLC (“Prudential-Marbella II”).</font><font style="display: inline;font-size:10pt;"> Total estimated development costs of </font><font style="display: inline;font-size:10pt;">$132.1</font><font style="display: inline;font-size:10pt;"> million are anticipated to be funded with </font><font style="display: inline;font-size:10pt;">$54.7</font><font style="display: inline;font-size:10pt;"> million of member capital, </font><font style="display: inline;font-size:10pt;">$41.4</font><font style="display: inline;font-size:10pt;"> million from Prudential-Marbella II and </font><font style="display: inline;font-size:10pt;">$13.3</font><font style="display: inline;font-size:10pt;"> million from the Company, with the balance to be funded by a </font><font style="display: inline;font-size:10pt;">$77.4</font><font style="display: inline;font-size:10pt;"> million construction loan.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of PruRose/Marbella II provides that operating cash flows are distributed to members pro-rata based on a </font><font style="display: inline;font-size:10pt;">nine</font><font style="display: inline;font-size:10pt;"> percent operating return on each members’ capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages. </font><font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Prudential-Marbella II had a capital balance of $</font><font style="display: inline;font-size:10pt;">3.2</font><font style="display: inline;font-size:10pt;"> million and an accumulated unpaid operating return of $</font><font style="display: inline;font-size:10pt;">0.3</font><font style="display: inline;font-size:10pt;"> million</font><font style="display: inline;font-size:10pt;"> and</font><font style="display: inline;font-size:10pt;"> RoseGarden South </font><font style="display: inline;font-size:10pt;">had a </font><font style="display: inline;font-size:10pt;">capital</font><font style="display: inline;font-size:10pt;"> balance of </font><font style="display: inline;font-size:10pt;">$0.7</font><font style="display: inline;font-size:10pt;"> million with an unpaid operating return of </font><font style="display: inline;font-size:10pt;">$4,000</font><font style="display: inline;font-size:10pt;">. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed first to the extent of any accumulated unpaid operating return and then to repay each members’ capital balance in the same priority as operating cash flows, with any excess distributed to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flow for RoseGarden South is distributed to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed development, management and other services for PruRose Marbella II and recognized $</font><font style="display: inline;font-size:10pt;">3,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">18,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">PruRose Riverwalk G, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> percent indirect residual interest in a to-be-built, </font><font style="display: inline;font-size:10pt;">12</font><font style="display: inline;font-size:10pt;">-story, </font><font style="display: inline;font-size:10pt;">316</font><font style="display: inline;font-size:10pt;">-unit multi-family rental property (the “RiverTrace Project”). The RiverTrace Project is located in West New York, New Jersey. The RiverTrace Project began construction in November 2011 with anticipated initial deliveries in </font><font style="display: inline;font-size:10pt;">the third quarter</font><font style="display: inline;font-size:10pt;"> 2013.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company owns </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent of PruRose Riverwalk G</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> L.L.C. (“PruRose Riverwalk”) with the remaining interest owned by Prudential.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">PruRose Riverwalk owns a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in the project-owning entity, Riverwalk G Urban Renewal, L.L.C. (“Riverwalk G”), with the remaining interest owned by West New York Parcel G Apartments Investors, LLC (“Investor”). Pursuant to the operating agreement, Investor is required to fund $</font><font style="display: inline;font-size:10pt;">35</font><font style="display: inline;font-size:10pt;"> million of the estimated total development costs of $</font><font style="display: inline;font-size:10pt;">118.1</font><font style="display: inline;font-size:10pt;"> million, with the balance to be funded by an $</font><font style="display: inline;font-size:10pt;">83.1</font><font style="display: inline;font-size:10pt;"> million construction loan.</font>
</p>
<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of Riverwalk G provides that operating cash flows are distributed to members first to Investor and then to PruRose Riverwalk based on a </font><font style="display: inline;font-size:10pt;">7.75</font><font style="display: inline;font-size:10pt;"> percent operating return on each members’ capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages.</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;"> As of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, Investor had a capital balance of $</font><font style="display: inline;font-size:10pt;">35</font><font style="display: inline;font-size:10pt;"> million and an unpaid operating return of $</font><font style="display: inline;font-size:10pt;">5.2</font><font style="display: inline;font-size:10pt;"> million. It is not anticipated that PruRose Riverwalk will be required to fund any capital. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed first to the extent of any accumulated unpaid operating return, then to repay each members’ capital balance in the same priority as operating cash flows, and then </font><font style="display: inline;font-size:10pt;">100</font><font style="display: inline;font-size:10pt;"> percent to Investor until Investor receives a </font><font style="display: inline;font-size:10pt;">7.75</font><font style="display: inline;font-size:10pt;"> percent IRR, as defined, with any excess distributed to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of PruRose Riverwalk provides, among other things, for the distribution of net cash flow to the members in accordance with their ownership percentages. In addition, the operating agreement requires that the initial $</font><font style="display: inline;font-size:10pt;">1.3</font><font style="display: inline;font-size:10pt;"> million in distributions to the Company be redirected to Prudential. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Riverwalk G has a construction loan in an amount not to exceed $</font><font style="display: inline;font-size:10pt;">83.1</font><font style="display: inline;font-size:10pt;"> million, with a balance of $</font><font style="display: inline;font-size:10pt;">41.4</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, which bears interest at </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> percent and matures in </font><font style="display: inline;font-size:10pt;">July 2021</font><font style="display: inline;font-size:10pt;">. The interest-only loan is collateralized by the RiverTrace Project. The Company has guaranteed a lien-free completion of the project to the lender and Investor. The Company fully guarantees the loan until </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> months after completion of the project. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed development, management</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> and other services for Riverwalk G and recognized $</font><font style="display: inline;font-size:10pt;">174,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">349,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">ELMAJO Urban Renewal Associates, LLC</font><font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">/Estuary Urban Renewal Unit B, LLC</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">7.5</font><font style="display: inline;font-size:10pt;"> percent residual interest in a to-be-built, </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;">-building, </font><font style="display: inline;font-size:10pt;">582</font><font style="display: inline;font-size:10pt;"> multi-family rental property located in Weehawken, New Jersey (the “Lincoln Harbor Project”), with the remaining interest owned by ELMAJO Management, Inc. (“EMI”). The first phase, Building A, with </font><font style="display: inline;font-size:10pt;">181</font><font style="display: inline;font-size:10pt;"> units, and Building C, with </font><font style="display: inline;font-size:10pt;">174</font><font style="display: inline;font-size:10pt;"> units, began construction in 2012 and the second phase, Building B, with </font><font style="display: inline;font-size:10pt;">227</font><font style="display: inline;font-size:10pt;"> units, began construction in January 2013. </font><font style="display: inline;font-size:10pt;">On March 13, 2013, Estuary Urban Renewal Unit B, LLC (“Estuary UR”) was formed to own and develop the second phase, Building B. </font><font style="display: inline;font-size:10pt;"> Estimated total development costs for the Lincoln Harbor Project is $</font><font style="display: inline;font-size:10pt;">218.3</font><font style="display: inline;font-size:10pt;"> million. EMI is required to fund any capital requirements in excess of construction financing. The Company has </font><font style="display: inline;font-size:10pt;">no</font><font style="display: inline;font-size:10pt;"> funding requirements to the venture. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreements of ELMAJO Urban Renewal Associates, LLC (“ELMAJO UR”), the entity which owns the Lincoln Harbor Project, Building A and C, and Estuary UR, the entity that owns the Lincoln Harbor Project Building B, provides, among other things, for the distribution of net distributable cash to the members, as follows:</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">First, to the members to the extent of and in proportion to their respective preferred return of </font><font style="display: inline;font-size:10pt;">8.50</font><font style="display: inline;font-size:10pt;"> percent on the member’s unrecovered capital; and</font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Second, to the members in accordance with their ownership percentages.</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">As of </font><font style="display: inline;font-size:10pt;">June 30</font><font style="display: inline;font-size:10pt;">, 2013, EMI </font><font style="display: inline;font-size:10pt;">and Estuary UR have</font><font style="display: inline;font-size:10pt;"> a </font><font style="display: inline;font-size:10pt;">combined </font><font style="display: inline;font-size:10pt;">capital balance of $</font><font style="display: inline;font-size:10pt;">68.6</font><font style="display: inline;font-size:10pt;"> million and an unpaid preferred return of $</font><font style="display: inline;font-size:10pt;">11.8</font><font style="display: inline;font-size:10pt;"> million. </font>
</p>
<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">ELMAJO UR has a construction loan for Building A and Building C in an amount not to exceed $</font><font style="display: inline;font-size:10pt;">95</font><font style="display: inline;font-size:10pt;"> million, with a balance of $</font><font style="display: inline;font-size:10pt;">26.4</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, which bears interest at LIBOR plus </font><font style="display: inline;font-size:10pt;">210</font><font style="display: inline;font-size:10pt;"> basis points and matures in </font><font style="display: inline;font-size:10pt;">June 2016</font><font style="display: inline;font-size:10pt;">. The loan provides, subject to certain conditions, a </font><font style="display: inline;font-size:10pt;">one</font><font style="display: inline;font-size:10pt;">-year extension option with a fee of </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> basis points.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed development and other services for ELMAJO UR </font><font style="display: inline;font-size:10pt;">and Estuary UR </font><font style="display: inline;font-size:10pt;">and recognized $</font><font style="display: inline;font-size:10pt;">240,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">480,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Riverpark at Harrison I, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">36</font><font style="display: inline;font-size:10pt;"> percent interest in a multi-phase project located in Harrison, New Jersey (the “Riverpark Project”). Construction of a </font><font style="display: inline;font-size:10pt;">141</font><font style="display: inline;font-size:10pt;">-unit multi-family rental property of the Riverpark Project is projected to start in the near term. Estimated total development costs of $</font><font style="display: inline;font-size:10pt;">28.2</font><font style="display: inline;font-size:10pt;"> million are expected to be funded with a $</font><font style="display: inline;font-size:10pt;">23.4</font><font style="display: inline;font-size:10pt;"> million construction loan, with the balance to be funded with member capital. The Company is required to fund </font><font style="display: inline;font-size:10pt;">40.5</font><font style="display: inline;font-size:10pt;"> percent of capital.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The remaining interests in the development project-owning entity, Riverpark at Harrison I Urban Renewal, L.L.C. (“Riverpark”) are owned </font><font style="display: inline;font-size:10pt;">36</font><font style="display: inline;font-size:10pt;"> percent by Chall Enterprises, L.L.C. and </font><font style="display: inline;font-size:10pt;">28</font><font style="display: inline;font-size:10pt;"> percent by an investor group.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of Riverpark provides, among other things, for the distribution of net cash flow to the members in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On June 27, 2013, Riverpark obtained a construction loan in an amount not to exceed </font><font style="display: inline;font-size:10pt;">$23.4</font><font style="display: inline;font-size:10pt;"> million with </font><font style="display: inline;font-size:10pt;">no</font><font style="display: inline;font-size:10pt;"> balance at June 30, 2013. The loan, which bears interest at LIBOR plus </font><font style="display: inline;font-size:10pt;">235</font><font style="display: inline;font-size:10pt;"> basis points, matures in </font><font style="display: inline;font-size:10pt;">June 2016</font><font style="display: inline;font-size:10pt;"> and provides, subject to certain conditions, </font><font style="display: inline;font-size:10pt;">two</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">one</font><font style="display: inline;font-size:10pt;">-year</font><font style="display: inline;font-size:10pt;"> extension options with a fee of </font><font style="display: inline;font-size:10pt;">20</font><font style="display: inline;font-size:10pt;"> basis points for each year. The Company has guaranteed lien-free completion of the project to the lender and repayment of </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> percent of the principal amount at maturity. The Company’s repayment guaranty is reduced to </font><font style="display: inline;font-size:10pt;">10</font><font style="display: inline;font-size:10pt;"> percent upon project completion, achieving a debt service coverage ratio of </font><font style="display: inline;font-size:10pt;">1.30</font><font style="display: inline;font-size:10pt;"> and satisfaction of the loan-to-value ratio of </font><font style="display: inline;font-size:10pt;">65</font><font style="display: inline;font-size:10pt;"> percent, as defined. Additionally, the Company has guaranteed payment of all interest due under the loan. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">150 Main Street, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">26.25</font><font style="display: inline;font-size:10pt;"> percent interest in a to-be-built, </font><font style="display: inline;font-size:10pt;">108</font><font style="display: inline;font-size:10pt;">-unit multi-family rental property located in Eastchester, New York (the “Eastchester Project”). </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The remaining interests in the development project-owning entity, 150 Main Street, L.L.C. (“Eastchester”) are owned </font><font style="display: inline;font-size:10pt;">26.25</font><font style="display: inline;font-size:10pt;"> percent by JMP Eastchester, L.L.C. and </font><font style="display: inline;font-size:10pt;">47.5</font><font style="display: inline;font-size:10pt;"> percent by Hudson Valley Land Holdings, L.L.C. (“HVLH”). </font><font style="display: inline;font-size:10pt;">Subsequent to quarter end, operating agreement modifications have increased the Company’s effective ownership to 76.25 percent. </font><font style="display: inline;font-size:10pt;">The Eastchester Project is expected to start in the near term. Estimated total development costs of $</font><font style="display: inline;font-size:10pt;">46</font><font style="display: inline;font-size:10pt;"> million are expected to be funded with a $</font><font style="display: inline;font-size:10pt;">27.5</font><font style="display: inline;font-size:10pt;"> million construction loan and the balance of $</font><font style="display: inline;font-size:10pt;">18.5</font><font style="display: inline;font-size:10pt;"> million to be funded with member capital. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Eastchester provides, among other things, for the distribution of net operating cash flow to the members, as follows:</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">to HVLH to the extent of its accrued but unpaid preferred return of </font><font style="display: inline;font-size:10pt;">eight</font><font style="display: inline;font-size:10pt;"> percent on the unrecovered allocated land value, as defined; </font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">to the members, pro rata, to the extent of their respective accrued but unpaid return of eight percent on their unrecovered capital percentages; and</font></p></td></tr></table></div>
<div style="width:100%"><table style="" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 36.00pt; display: inline;">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="margin:0pt 0pt 0pt 18pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;"> ·</font>
</p>
</td><td align="left" valign="top">
<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">to the members in accordance with their ownership percentages.</font></p></td></tr></table></div>
<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Net cash flows from a capital event are distributed to the members, first, in respect of unrecovered return and then unrecovered capital on a pro rata basis, with any excess in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed development and other services for Eastchester and recognized</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">zero</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and $</font><font style="display: inline;font-size:10pt;">15,000</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> </font><font style="display: inline;font-size:10pt;">months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, respectively</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">RoseGarden Monaco, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">41.67</font><font style="display: inline;font-size:10pt;"> percent interest in the rights to acquire a land parcel (“San Remo Land”) located in Jersey City, New Jersey, pursuant to an agreement which expires in 2017. </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The remaining interest in the rights-owning entity, RoseGarden Monaco, L.L.C. is owned by MG Monaco Partners, L.L.C. </font><font style="display: inline;font-size:10pt;">The operating agreement requires capital contributions and distributions in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Hillsborough 206 Holdings, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in a site zoned for retail uses (excluding supermarkets) which is located in Hillsborough, New Jersey.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The remaining interest in the property-owning entity, Hillsborough 206 Holdings, L.L.C. (“Hillsborough 206”) is owned by BNE Investors VIII, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The operating agreement of Hillsborough 206 provides, among other things, for the distribution of distributable cash to the members, in accordance with their ownership percentages.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Grand Jersey Waterfront Urban Renewal Associates, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On October 23, 2012, as part of the </font><font style="display: inline;font-size:10pt;">Roseland Transaction</font><font style="display: inline;font-size:10pt;">, the Company acquired a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent interest in an entity designated as redeveloper of a land parcel (“Liberty Landings”) located in Jersey City, New Jersey. The remaining interest in the entity, Grand Jersey Waterfront Urban Renewal Associates, L.L.C., is owned by Waterfront Realty Company, L.L.C.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">Capital requirements are funded in accordance with ownership percentages.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Crystal House Apartments Investors LLC</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">On March 2</font><font style="display: inline;font-size:10pt;">0</font><font style="display: inline;font-size:10pt;">, 2013, the Company entered into a joint venture with a fund advised by UBS Global Asset Management (“UBS”) to form Crystal House Apartments Investors LLC (“CHAI”) which acquired the </font><font style="display: inline;font-size:10pt;">828</font><font style="display: inline;font-size:10pt;">-unit multi-family property known as Crystal House located in Arlington, Virginia (“Crystal House Property”) for approximately $</font><font style="display: inline;font-size:10pt;">262.5</font><font style="display: inline;font-size:10pt;"> million. The acquisition included vacant land to accommodate the development of approximately </font><font style="display: inline;font-size:10pt;">295</font><font style="display: inline;font-size:10pt;"> additional units of which </font><font style="display: inline;font-size:10pt;">252</font><font style="display: inline;font-size:10pt;"> are currently approved. The Company holds a </font><font style="display: inline;font-size:10pt;">25</font><font style="display: inline;font-size:10pt;"> percent interest in the </font><font style="display: inline;font-size:10pt;">Crystal House property </font><font style="display: inline;font-size:10pt;">and </font><font style="display: inline;font-size:10pt;">a </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent</font><font style="display: inline;font-size:10pt;"> interest in the vacant land</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">In general, the operating agreement of CHAI provides that net operating cash flows are distributed to the members in accordance with ownership percentages. Net cash flows from a capital event are distributed first to the members in accordance with ownership percentages until they receive a </font><font style="display: inline;font-size:10pt;">nine</font><font style="display: inline;font-size:10pt;"> percent IRR, as defined, with any excess distributed </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent to the Company and </font><font style="display: inline;font-size:10pt;">50</font><font style="display: inline;font-size:10pt;"> percent to UBS.</font>
</p>
<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">CHAI obtained a mortgage loan on the acquired property, which has a balance of </font><font style="display: inline;font-size:10pt;">$165</font><font style="display: inline;font-size:10pt;"> million as of </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">, bears interest at </font><font style="display: inline;font-size:10pt;">3.17</font><font style="display: inline;font-size:10pt;"> percent and matures in </font><font style="display: inline;font-size:10pt;">March 2020</font><font style="display: inline;font-size:10pt;">. The loan, which is interest-only during the initial </font><font style="display: inline;font-size:10pt;">5</font><font style="display: inline;font-size:10pt;">-year term and amortizable over a </font><font style="display: inline;font-size:10pt;">30</font><font style="display: inline;font-size:10pt;">-year period for the remaining term, is collateralized by the Crystal House Property.</font>
</p>
<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
<font style="display: inline;font-size:10pt;">The Company performed management, leasing and other services for CHAI and recognized $</font><font style="display: inline;font-size:10pt;">119,000</font><font style="display: inline;font-size:10pt;"> in income for such services in the </font><font style="display: inline;font-size:10pt;">three</font><font style="display: inline;font-size:10pt;"> and </font><font style="display: inline;font-size:10pt;">six</font><font style="display: inline;font-size:10pt;"> months ended </font><font style="display: inline;font-size:10pt;">June 30, 2013</font><font style="display: inline;font-size:10pt;">.</font>
</p>
<p><font size="1"> </font></p>
</div> </div>falsefalsefalse | nonnum:textBlockItemTypenaThe entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.12)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 35
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32847-111569
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 35
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32787-111569
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 18
-Paragraph 20
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
false0
falseInvestments In Unconsolidated Joint VenturesUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.mack-cali.com/role/DisclosureInvestmentsInUnconsolidatedJointVentures12