Summary Investment and Purchase Price Analysis

Summary Investment and Purchase Price Analysis Property ICY Valuation NO1 Before NOI After Debt Service Debt Service Year 1 Year I NOI NO1 After Debt Service / Capx Year I Cap Rate Exit Cap Rate Debt as of Sep-06 Equity Yacht Harbor $ 8,500,000 S 844,463 S 83,234 S 64,734 9.9% 8.5% S 4.060,000 S 4.440,000 [torsi I larbor S 18,000,000 S 1,296,135 647,693 S 586,193 7.2% 8.5% S 6,523,000 S 11,477,000 Simpson Bay S 10,000.000 S 847,829 $ 518.746 S 313,246 8.5% 8.5% S 3,377,000 S 6,623,000 Village Cay S 14,000.000 S 1.117,941 S 219,858 (141,848) 8.0% 8.5% 6,925,000 S 7,075,000 Virgin Gorda 16,000,000 $ 1,117.926 S 318,926 S (217,949) 7.0% 8.5% S 9,400,000 S 6,600,000 Canyon Lake Crane Mills S 10,625,000 S 991,059 S 269,541 S (90,959) 9.3% 8.5% S 7,131,400 S 3.493.600 lakeway 8.000,000 S 827.481 S 313,379 S (305,961) 10.3% 8.5% 3,743,000 $ 4,257,000 Total 85,125,000 S 7,042.834 S 2,371,378 S 207,457 8.3% 8.5% S 41,159,400 S 43,965,600 rktelnal totems Total Value Cash (20%) wa Shares (80%) Rhoades 1,384,271 $ 276.854 73,828 Powers 1,318.871 $ 263.774 70,340 Olszewski 557,758 S 111.552 29.747 Total 3,260.901 652.180 173,915 Tender Offer Interests Total Value Cash (30%1 ICY Shares (70%) LPs $ 40,704,699 $ 12,211,410 1,899.553 Total S 40,704,699 S 12,211,410 1,899,553 Total Total Payout Total Value Casir ICY Sharel $ 43,965,600 S 12,863,590 2,073.467 EFTA01122413 Exhet lo1C bene un Ponta. venge, .11 9e197066 Preperly Varie Hathor Haig Iladay Valise Cin V9pn Ueda Stmeson Luy Conon laleCtanes MO lakway Tee IGY end Isarclese Poire • 1101 Il 1.500.000 110F II 11..30.016 INOF 111 14000.000 mon ni *unit», 11011II 19000.000 MOF III imams» N'A tempo 85.125010 Noir Purcluse Nues Ineed are Mes animes1ot euh property onrollo Roll Up M'Optant') 1 15 prar Ilel Properly Fud Famine rite Indu& Velfib> UMM." Onan* Prit. IRR IRR IRR Cap Raie Cap Rage 8% Naleeeet. Oteendl (lame leiteel.) 0talarlal .0.1. Voel. Herbue MW' Il (a3(9.043) Base Case NO% 185.123000/ 161% 226% 195% 10.9% 85% Dag Mea AIOF Il (1S.000.0001 Yes 93% It0.5611,7501 170% 251% 214% 11.416 15% Yllinto Cet 610E III (I4.011.1.0ffl Yn 90% 176.61?-301/ 180% 28.1% 231% 12.1% 15% Ouvr. Garda MOF 111 116.000.0601 Yes lb% I72.156.2501 190% 319% 268% 121% 85% Sommai Bey MOM III IIOs/30.000i Yes 8161 168.100.01. 202% 372% 30.6% 13.6% 8 5% Conon Ltnoteaties Mil M01111 110.625.00)1 Yes 75% (61.843.750/ 21a 457% 761% 145% 15% lakenny 18600.00)i l'es Sari Talualroo I et 1 non. TX 18.000.0» Lute Triol, TX 744700870n I74.; i(000.000 /0,009000 Sr Maartca, NA 11500.000 (*Nam, lalle.1X 8.400.000 Trot* TX 69000.040 Cap Raie Mail) 8.5% Ghb.l Model Assumptions • Veer / bled on aljtigal 20'. I le/tel Coupon poeierdei revenue roc/taled b3 14% aie! exportes eacreaseiby • Rom Year 2 web 3% psont. nue fer bout Revenueand L>penscs • land are loure bain axe Aurd a1 3% • Odet i fonnaba• hos bon peseta St Sto as of Ume.. 10. 3006 All Ines et amena sole tue...dune ree endof11w boldos po•od • A global toi cap raie dl 5% • Gang =op rte baud ce Yor I NOPFurdee PIKC • Corail lettnteons wed nie boa on Se. 5)1 Relaie fM all inoprees estes VC S to.attli oeaty o 3006 Capital %tete> ba> taled Yser lied rend Iseremeats 5% le.e __ Purehase Prim IRR 1RR IRR ana I d >irae>) Cap Rite (golug.14) Cap Rn. 1 !Lai- IRYTI1IROI-- 1721%— — 2/4!: — 21 5% 10 Ra 1111; 11? 95% 110.81775.7571 184% 707% 24 1% II a 8 5% 00% (74.6i...5047) 190% 346r. 271!í 121% 15% 15% 01156.250> 209% 40.01 3125i 128% 8 5% tel insocisno) 221% 4711'. 3611'. 13 6% 85% 75% 161/43.807 23.0% 51 ri 47.Y.: 14.5% 85% ber I lold Perred laotien. 5% hecto, l'Ose 1RR 0ealertra. IRR IRR (lorette mtCapEs) iap eag4a Ree) Cap Raie r me aie lie • 115125 «01 18 Sy% 7421. 9%. re 93% 180.8.5.750/ 405% 3u15: t I 9% I14% II 5% 90% 174612.504 219% 441!: 12 3% 12 1% t3% 85% 171156.2911 231K 400% 3772',. 12.8% 5% 8011 (G8.700.005) 254% 471% 44.81: 13.6% 85% 75% (61141750) 274% 57p: 34 9% Il NI 85% III IIMd retend latrenicos Y. Percluse Prie IRR holetten11 IRR IRR Rotent a/C•08,1 ‘VI. ) Ce Raie Ibbetasit IDA- 05 125).+An 43 P. Teli) 199% tue I 9M. 90% 85% 80% 75% 1502:68./50) 176..42.5001 172-756.2501 164.100.0001 161841.7501 23.K 261% 288% 31 7% 149% 42 6% 31.2% 62.I% 768% 965% d61% 437µ 53 4% 6675: 149: 114% 121% 128% 136% 14.5% 8 514 SN/ 55% 15% 85% 28410 EFTA01122414 Raab IC Unna .384 83.8do Viseber»84 13032008 Yacht narber 61F I1 1.4433.94:4 Putchne Prim IRR 3% (wMosiag regt) 1144t411940/ Bar en. I(% IN )17,,.0.10) 136% 95% (6915.[09) 145% 90% 0650.0101 154% 85% 1' 225.0001 164% 80% 168000001 1751i 75% (6.355.0m 187% rra ier setiversTne meront.hz mi2R6windRip Harm Mutet MOP 11 931i ere. 0 5..to.wür 79% 04.2200CA» +es 72% 5% 94:01 :(0, :»1 65% 6% VIllar (ui 510F 111 lacroomat. ru aaaaa e Pikt 111R 5% 1efelesia ) (Sine«!) Ilwe(404 .3 14 ) 9% 0) 11 i , 90% 112.4000501 136% Km 0 1.00051781 143% ein 0 1.:03.Ccel 153% 55es oo.sooxesze 169% %WSGott MCW III latreenteti rumhast rrke IRR 5% (u/41Sn ca.%) (uallIm41 Rare t. au. I(nei c In ui) tu.» 92r. 9)% °Via/ 001 100% 90% 114.441.0031 108% 85% (13500.01101 117% 80% (12 403.003) 126% 7544 (1251000051 13.7% IRR IRR fair Rate Cap Rar 11event9) (In «ad 9/CapEal trat (ø11l 1271. 124% 9 8 Sei I4 ei 1181. IU 3% 8.3% IS 5% 153% I I 0% 8.5% 173% 170% 11 7% 8.5% 194% 191% 124% 8.514 220% 21 6% 13.2% 8.5% IRR wend %dt. _ eaRP;Ratee,.. C.:89P‘555ileitEalt 7 n. 19 3% 138% 15 8% let; 2262 4474 183% 21 4% 100 II I% 8 51: IRR IRR ('ap Mut (åp Rate (levered) 41851(44413r8PIXI (d01 -8» 114% 128% 8uk ee j • . • . 165% 157% 89% 85% 1801% 115% 94% 85% 20.7% 19.6% 100% 8.5% 235% 222% 1008% 851% MR ginend1 IRR 11419,941 a/CaPEI) 94.% 8.6% 110% 10U% 129% 11.8% 153% 131% 182% 164% 221% 19.8% Slcuptun Ila) WW III lacnevate hrcluwPrke IRR IRR IRR 5% . valtetreel Wend uh% 'Et (*na)on 1.4144Crnoes 51111 %UR' III 0_9.10.034 90% 19000004 tu% 01.1000Uui 811% (8000.00CI 75% c enoinini 127% 144% 13.5•.% 130% 158% 146.% 145% 17.3% 163% 155% 191% 179% 100% 212% 19915 hwitataIs rearcliaw hic, IRR IRR 5% (Webtim MIO (..bland) PIteerte I Bote (Ase 101% (10.6.15,WV7 124% 39 43. 95,4 00005)90 Ines 2211t 90% (9.562.5101 142!' 25.4% 85% (9011.2%)) 1311% 303% 8.13 (15160009) 161% 37.61% 75% (7,963.7971 173% 51 2% IRR Ilnaud w/CapF4) 134% 1)11.• 176% 205% 24.5% 307% ('api Rate 1 118.14) ('ap Rate 801 re 74% 5% 7.8% 85% 82% 85% 87% 85% 9.3% 85% Cap Rate 4 j al cap Rad 894. 85% 94% 8514 100% 85% 106% 854 113% 854 Cp Rate Cp Rate 189108-0 . 11 Rain 93,4 II 5% 98% i5% 104% 85% 11 014 85% 11.7% i5% 124% 85% 1-4:rehay WA latrema% rerchete Pikt IltR IRR IRR Cap Rote Cp Rar ar! r= ( jr ap 6 ,.. ../4131wu. .2.2 tt . tt:1 In e.ted lev i_ prgr_nh ing i im ith r ipi .." ett!‘ 95% (7,tagi,tVul 167% (01. /7 20u 0.K.) 177% 85% 16.800.(.)0G) 18.7% (64005xx» 198% 75% (65905XX» 210% 229% . . 155% 115% 251% 16953 122% 27.2% 184% 129% 31.2% 10.)% 118% ES% 8514 85% 85% 3d10 EFTA01122415 [item IC Rome • Sin Portia* vaur6.6 th 9,97006 Asioetpi oat Roitioe lArtme (Rooth COGS Myr lot (SRA% Mpn Foe so 61' Saks Coati R Yea) 10 lemma Yea 1aliudsoom See Rao 21) Purchase Pnio 34% Cap KM (Goingiall 64% Cop Rale (so 6AX ORR (uallaeled) IRR (reeted) 391. 1RR Dented w/Csoliel 10 Nom I loran. an4 l.ad Icamsan 0.80 64 3% wadi Rov.16 2 Lon B rubies la 2038 3 ltiard 00in - Ray fen. Smite Dora Iltotetage, Boat la Dew 10500.000) Ilabse 99% 1,1V LS% Rae 130% law 12 1% Aeon 124% Maras Rae lawn Aeon Ataatily Properly lafecouila• 4460.000 Un(nit.1 Stan 4$% Coined Slips Wine Dry Dxk tardily 17 Rod Reilei IS CBHane 07112017 Slam nida Calealis 80% IS 101/20:0 21$ 190 1.721 SF 562 SF 36p Rriet S164 • SIT pet WM! 5272 . $312 per ?dome S26 590 per Monii Mciatiot Worn goo clopiatn1 Form& (sod Rotate Sips 1 ac1 MateriCat4611ctoii Reath Uplaof talus Deft, Deed OtX•t MetiRe 110.6610acr Gros, Receipts Ta. Tom, Inane Col of Weds S.4.1 'teed Gross kOTIMI lemma Aftin CAM Roarhii Kane Laid Leas; On Iftamic Re Ta.n al l Adaiarm Th aetrile. EifellSc Margin 611100fole ten) 1.444 Fee Adju1141301 NO1 Mutt t'4 Valor Year 0 %or taller 70% 2% 7% 12% 6% %of TO tip 41% 3% 4% 11% 4% 1'ett I Year 2 MIK 2017 3.0% 1,178.10) 1311.443 29410 30,797 . - 108.100 111349 183.766 IS9,275 • Year) MOS 3.0% 1.240,546 31,711 114.895 191.956 Year 4 2000 3.0% 1357.142 37673 • 115,142 203/05 year IMO 3.0% 1.175.962 1141.1 • 121.91 206429 Vtar II Vest 1 2011 7011 3.0% 3.0% 1.165,741 1,444 717 • • • 34,662 • 124.149 213.0)4 • 35.703 119.316 219,425 • 1'mrI NI) 3.0% 1.441,914 36.77) 113,195 226,000 ler 9 2014 3,0% 1492,112 37.810 137,191 2)2.75 Yes 10 2013 JAX 1.517,153 39,013 • • 141.101 239.772 1.300415 1.545467 96.004 921.554 1491,419 101,551 1.639.162 101406 14511.336 108.DM 1,724.744 111.295 I.7111.1136 114434 1144441 115171 14011157 111111 1.15/345 125.261 1.441.144 I.414113- 1.4715,665 11.11•1. 204626 210.971 15,605 16.073 18.705 19,231) 57415 59,137 21,797 22.451 - • 11% 53.164 54.965 1% 7400 7.710 12% 5$.320 00.010 9% 44,603 45.979 3% 24.09 24 51.91.7 55,563 3.4% 217.300 14155 19141 60.912 23.124 56.614 7426 61.02 47,159 57,27.1 1.5.1.114 3.0% 223.119 17,02 70.444 62.739 23218 51312 7.640 63.725 41719 59411 1,530.10 1417.691 3.11% 230334 17,544 21.057 64.621 24,533 60.062 7,279 65649 50.267 1:4149 237,450 µoo. 21.669 66440 n.zaa 61.861 II. 1 14 67.609 51.750 .00.29 •2,718 421 244,573 15611 22339 *557 26.027 63.719 LIM 69.617 33.102 24000 1,71373 61.643 104.413 270493 64. 60% 817.254 60% 724140 60•. 933.140 60% 414371/ 00% Cash Ilan Ile4ir I'S Ix Nn term $41,143 17649 1142111 924.440 1M,10.1 143470 Debi Soviet A 522407 524391 33.397 526.197 526.567 520397 MX Sink. li 212112 134851 2123132 DSC I 11x 1.146 I IE. I 7$% 1.304 1865 Cash Ma Ana III /UM 1494(4 136.036 396.41L1 414.144 454181 DM Pay Don Nu Casa Fin 14 440.(00) 53.1)4 104,241 I34" 396,484 424,941 4%01 11111 (tioikvered) 134% IRK 13.7% Capaal Iniptoiantais12006 .2010) 102.00 16402 2.3400 15.04) 45430 Nd (Stab Ilea ita/Cap. Imp) 44.440,000) 64.731 25.761 121.056 351.413 4244116 454.102 11411 (lntndl 124% Cash a Cash LS% 1.9% 2.7% 731% 9.6% 112% 1414733 1103., 1,012.733 520.397 8925 414.3.% 251.911 19.192 21.010 70613 26301 65.631 SAO 71.756 54.402 2400 .110131 66.625 SIS.295 259.464 267,252 10.701 20,161 23,703 24,411 72.732 74,914 77.612 21410 • . 67400 69.621 3,54,7 9.131 73.178 76.0)1 36.5011 48,245 24 DX 34.900 1.14444. I. • .. 65467 70,710 1173,711 1.104711 601 61% 12 652.514 1.073.7t 13.761.317 578.797 $21,307 2 04. 26 04. 317.315 13.232.934 72a II) 147115 0.141.117 4511.336 517.185 9.501417 I41.9% 114% 12.2% 401 10 EFTA01122416 E•4344» us• 4.414.4.1•94•444.3399•4006 ~km \Solis DM reopoty 1•44.4tais 514. 1St Kota« lichen Pos. Osth IS Ws 10 64/4/34 99.e 111.000.000) liana 4.921,000 Shp. 52134-5731 pat.:ann. Sips E3pse Gnsth 34% Cap Rate (Opined.) 72f: LTV 363. &NS 5113. 5213 pn itemli Sui/iRe COGS 33.1% Ca Roe lan) LS% Fa 7 123'. %Op Noe Oilier 3ei. I« 11.0 Mom 90)0111411 46% MR CurdscoU II 313 Tam 10 Foci Dank Mg= Fet »GP NM 1KR ONN63) 131% Awn 23 Romani Sak•Costio Vs 10 Ai% 111111os• tv.C3p1',1 10.13 hIstunty 101f20111 us bOLerµt toes' Vas 10 Roush 043•134nsi Vomit:0 7 iota cilinateed (i.r 5131 N01•3 I Tort thud 13. 143/cumed Jo to:I. 44.43 and ...3 KC Ilk". 441Land Leas are qt anual p.n.!), 2 Lan slues in 7008. sad • est./4104W 3 Ilidat.11».. Sc. . ire ND( . 140 I filll+i w, DINO' /Wt., no. LM 142r 0 %•f Van I »16 Yew 2 NW NS I IS Tor 4 2009 Idor 5 »10 Vs 4 2811 Year 7 »II Vow II 2013 Vtur 9 »14 Vo• IC. 2615 Atmal 1041 Dock Ikeveise Tfil Rev 34% 3.0% 240% 3.9% 3,0% 3.0% 3,0% 34% 34% sir 42% 1.318415 1,354.452 1399.217 1,671384 1.764019 1315,930 1,470.408 1,926320 1.984,115 1.044541 11% 337471 141011 3581152 4)0342 451.649 465,193 474.151 493.529 5013/5 523,545 Wate./CaLlollIccs - . - . • Offish . 6% 1155,010 190,550 196.267 2/5320 247,246 »4,715 267,156 274727 716,114 266,684 Unkind 1 coo 4% 130,010 13).900 114917 142.055 146316 150,706 155.227 159334 144.680 169.421 1 OM . . • • - ISO 03-4, - . . . • . • . • Seraxe 15% 472.661 4143147 501.452 601.743 6113/0 440,785 OXUS 690.418 711,110 732,444 cas..1 (tann 22% 708300 730,024 751.966 902359 947,477 975.901 1006,178 1,035333 1.036.»3 1.094.3.13 G-0,5 kc<citn. . . • . - [OW Kt. filet 3.153.110 3.747.8» 3,345494 3490403 4,1 434 4I Cs of Gs:1354d ' 742.9 13% 13110373 1011.792 1.161446 13169921 1381,910 1.431.367 1,416468 1310390 1.514352 1.602413 ToniCoo Roos 1.901.413 3.111452 ;176,00) SNI.144 2.67x905 1305.4% 2,971363 346.4340 3.1574» 3,257,573 % of 43peeno '30 4:10 3.1% 34% 3.0% 3.6% Pa3/011 36% 264.4» 772.754 23934 289.364 298.045 )06.987 316.196 325,682 315.432 345.316 44nin li% 51141 60,113 61.914 4.776 63149 67,660 69.690 71.740 71,914 74.132 "li mn 3% 39484 41,010 42313 43362 44430 44236 47473 49,052 50,514 52.0» 6% 61.603 63,445 65,351 67.312 69311 71,411 73354 75.740 78.013 111,37.1 les 6% 45310 47,226 44412 30.103 51403 31,131 14.747 54390 31,0411 59.114 CAM Itembuisers - • - • • . lad Low 7% 50,420 31,912 51.469 55473 56.726 58.427 44186 61566 63.141 65,741 1% 5590 6,139 6.312 6302 4497 WM 7.1115 7318 7.317 7,761 Sean« 16% 115,200 113,6% 122.316 121882 129,659 113.541 137.555 141,641 145.932 150.310 RE lam 10% 71,340 71413 75.621 77.390 89.226 337,61) 84112 137465 90.243 93,014 Adsla 1•14144peee3 — ii3;113.3 3% 244930 24 0011 24900 24,64 21.0.10 34.001 2 ,: i.0 737.337 7k.'737 7kg: !Win 826447 160.931 42751'462 730.115 937›..14 ENpose Margin is', 35% 35% 35% 30% 393. 29!. 29% 293. 29% 'S. NOISSe cumr 1475,16 1413335 1,444.%5 3.878412 1.478419 2341914 2,111311 1141345 £336.2.2 2,29;838 Mpul 71,111 79,219 85.010 137,614 112223 III"» 121,333 134415 119.113 133,512 137.8» Adjeued NOI 1.144.114 1496.135 1332,215 1372.931 1,758.197 IMO" 1414379 1.97 NO1 Mas 64 63'. 01.. 613. 66% 663. 66% 64". 638. IS Value 24648,913 Ca011s Moir IIIS .18000400) 1.2941» 1332,216 1372.931 1,798.197 14160,199 1.414371 1,974.753 2,034474 1.1196.198 26348.143 INIn Soviet 441.442 6134412 64447 6.13.442 618.4/2 648,442 414443 01442 411442 6,11.442 200, 20% 7 123 271; IN 2 963 3 05; I43 323; 4134; Cnsb no. AINT DS 447,641 60.114 724489 1.16044 1311,07 1.246.137 1,314.111 1486.2» 1.447447 743160.431 N, 1/~e <4 toil% NCI Cad. Iles 111.4774001 IRO lealesed3 113% IRK oron41 111% Coda, Oesnements(2044.2.010) 1011000 61,500 105.503 1.4 14.000 699420 342410 No CS. /1•• (uttap. 111141 111.477500) 1116.10 171,34a 444451» 416414 869451 1,161337 I.326311 1386130 1447.917 21249,014, MR (Send. Ili% CobsCash LI% 14% 4.0% 34% 7,6% ILO% 314% ILI% 124% 5 Of 10 EFTA01122417 f•Ttil ro tC atm. - S•PerllaSo V•Vosss If* 9190091 As/amplios Yahwism P44 Peoproy lateramia• Lip Hatt Rona< Iuktn Ramie Gigot/. ]See Row 21) heehaw Teo I le.06)6/0i Balance 9.400.0:0 Slips SI W • SI 30 pa low/Da., Ewan/ distibuiell smog taps% Growth 10% Cap Itate(G365/n) 70% LTV 59%5101250 SID Por Fe9V8Ionih =pi COGS 4/0% Cap Role 1801) 4.5% Rate primal rod Hack 10t1 Mimi Fee ISRMI SA% IRR (Wowed) 92% lam I) 13345104 SlOrape Algol Fee toGP Na IRR (Ien:red) 94% Anal IS Bank Service Dept SalesCoils9 Year ID 10% IRR 110/teolvalh) 56% Ntswiiv 2011 llouiarpc. !soil Yee le Resume:ion Onelegnoral Poiea Noie. I InWil 46414,4 1 even are &off* 1% mewl locos", 2 13Narii flier- Service Dept ad Lease Reinbaseineob 3 Mgmt Fcc is grow of 5%0 NIN et $5.300 pa moat 9 acre eased <Paned bar 3rd any- 6100M pine range 12 6.-rt ule whrie bauvard n %manhunt/0'MM, by oc lid wow Add: Renal being developed and160S by Banco Pogadai Canna. boat/aroi for bola me foe had 2003 Year 0 %of Yawl 3106 l'oar 2 2017 fl oe 3 2444 Year 4 2009 Year 8 2410 46.e6 1111 Visti 3011 %curl 1013 Veld 9 1014 Wee IS WIN Dart Ronne Ti Re. SS% 5.0% 10% 3.4% 3.0% 3.0% 10% 31% 3.0% S.ps 17% 652,100 684.915 719.161 740736 762.9SS 745,344, 109,422 433.701 853716 534.477 1,31 1931 talco 737.20) 4=.651 151354 476994 903,301 930.407 953319 947.069 1,016.681 Wrenn/NO Rom 5% 181930 192.077 201.660 207.731 211/63 n0.382 2216.99) 233.303 240417 248.011 Itatials • • Uplaad am/ 12% 471,140 401535 501.341: 321.591 539=9 555,478 339306 ®6 9731$1 6. 625,105 listai lister Ma SoNage 19% 739740 776.714 115,574 • 440341 1165,243 401.200 • itSINI ()der 1,070309 1314.119 1340.715 131/734 1,251206 iasi.773 issn.4 72 1 ,78;61 1:9369) 45320 74 1.409.369 1..4°C4 5145 1544 Gran Recenxi laa local W. come 317.1.1.19 4.6511.4 4.334.73) 4379.1115 4.5111446 4454$3156 4 91=1 5.476.745 5.429.1145 Co. of Walt Sal Iota Go». Rorer 3712,717 1.79 4856 1.459,774 1944163 1041833 2.165310 2330.073 2,296,976 1.361345 1.436461 3.509.907 2.014.716 1.110.5I0 2.110.902 27771 580 2-145.666 1415.913 2 as.spu e41.466 . %of n inon, IS rap 14%, 3.0% 1.0% 3.4% Pad.di )6% 174,451 282.655 211365 198900 30407 310.164 327,709 337340 341666 354.006 Ainin 14% 109333 112.61) 111991 110.471 123.055 126.747 114.549 131.466 111503 1.12.655, 7% 51303 52.777 54,361 9.991 57371 19.401 61113 61019 64,909 66,857 S n U% 117=0 5% 34.650 111.076 35390 131010 36,760 IA060 37.863 143331 318999 147,520 40160 151955 41,174 156314 42315 16130 41401 166,015 45.219 CA111(nebursore . • Isol Leaac • • - • - . • • • • Oilier 8% 60,795 62419 640497 66.4)1 61.425 70.478 71593 74.770 77,013 19.131 Irnoramt 14% 107.110 110.313 111621 wpm 130.542 124.15$ 127453 131.719 05.671 139741 RE Taxes . . - . • Acrertm /et • • • • local L•pente. 764.1= „TM 31140 831749 =Oa 4Y,61 Expense Marto, 431 33% 31% 37% 37% 77% 3ri4 37!. 371 NOIlletfoit kcal 1175.144 1.622599 1611,971 1321.203 SIgng It M4,2eA I32.000 I31.00:0 132080 171000 131030 132.000 112.000 I/2 (do 131080 131030 Adjosied NOI 1.117.926 1.1/0.7= 1344495 1.3=440 1.352,715 1=7.261 1.44/144 1.490=9 1.139,1171 13111.241 NOI Maven 4993 5546 101. 57S. St% Sr. 51% 55% 54%, 545. SI% Cs Value 11113507 t'inlo How Before IIS 116w...),000) 1.117,936 1.190.746 1.167305 13111.410 1552.735 1307.244 1411144 1490=0 1.5301/71 117l4.940 Debi Scnice 709.660 1. I 10.736 1310.746 1110.746 1.110756 1.110.716 1,110.334 1.114.756 1.110346 1.110,716 DSC leg I Oh I14. 1 Ita 1 _n. 1:h 130. 114a 139x i776‘ Cash Roo Mier 115 3111424 79,94/ 15%749 191444 141.430 246.450 111,154 379411 4111=4 14414,023 1ht. Pn 1)....n 0.021.1%) Net Cailt Ilya (63303801 318.424 79.9541 156,709 1=04 141,934 316,444 =LIM 3790112 47.11,14,1 12,140.1167 IRRIale.eatd) 93% IRR Or. or./ 4.4% Capes InNottnittes(20%.201(1) 536.875 536375 (o/Cap. Imp.) 16,600.000) 017.91% 793134. 156,709 195694 141,1= 246,480 332=4 37%612 418.244 18,540=7 IRK Merrill LIS Calla am Cad, .3.3% 1.2% 1.4% 10% 3.7% 43% 3.0% S.4% 6.5% 0M10 EFTA01122418 rUN+aIC ate-- o • Su• Panna wotuten .1.9117e09 AtemplIons Renne Gienen Expowe Gene COGS P.Igra Fee (511.11 Pappt Fee loOP SalosCcels 10 Vom so 70040 Vor Uhuino• 114 Ihm 211 Purchale Poft 1.4% C46 Rate 1Gdog in) 29.6% Cum Ratekår) 1Oa IRR (ielne,61) N/A IRR (letentl) 3.0% IRR (lemed wir eile/ 10 Holet 1. 14ani ad lad Leaset ne 6,46 3% notall Onletb 2 1)04,610Jet - Foot Beenge ad Alacluidne 3 akent rt. n gros of ne of New 11.930 pa reonla De111 114.003.020) 8058 13V 43% Rat 119% im 174% Asorl 121% 144,4112 Proper) Inienonilto 6,925.400 1'ieed Slipt 49% ruel Dock hime • I Renvar 15 14-heninonao 15 11/2020 910Ila. tos s1 25.5325 ixt romIXEr Reeeno Ilriene 04doo Iteinemon - too111e.nage sale. Slips 11905 otein..4 Potential Dettlopinewi Redevelop lind (2.,gewe, owen 2 con6a, wr pwcm W» ordne enn/ Pionind man rØ.Ø 3.136.3 ei parnien • And to rnien Adwg Year Von 1 Um 2 War 3 Year Von Warf Tar) Yen 8 nm 9 Year 10 nce 9104 2806 2/1117 30111 2089 als all 2012 2013 1814 2815 Dock Nnen.c. 11 Rev 5.0% 3.0% 3.458 3.0% 34% 3.1% 3.48 14% 31-re 20% 910.030 455.312 1.013.301 1.013407 4044410 1.096342 4124212 1,161309 1.198801 1,213.042 1...1 7% 343.010 161250 140363 391.713 404527 4134» 44.101 440444 454173 467.798 Wator.Vdiea.kctoc 8% 365.052 183304 412.469 414,343 426.930 439389 432,981 4e4572 480.269 494,916 Rurale • Upland 1 nie, 1% 13.100 1).940 35.010 113.060 37.142 382% 19,404 40.581 413101 43654 Iblel 17% 768.900 037345 $47,712 $73.144 899.318 926318 954.103 981731 1.012213 1042379 Hotel Otte 2% 115.071 120825 14.866 136472 131.592 133.630 142389 147872 151.414 154029 Swesor • • 1.9441004, 45% 114.301 2220661 2.332.009 2.401.969 247404 7.348,249 2.624.697 2,701.44 2.44411 7,868.077 Grau Recent la • 1nd Renner .49/ 4411 4.652.44 4.414.46 5.127.737 5.731.569 14414916 5444216 5374313 5.94440 6.13446 4306.449 Cost orGoodi Sold 1.097.497 295. 1349.134 1.416.420 1.427.044 1,53105 1.577.603 1.624.9.13 1,674681 4714191 1.775444 13128.1% 14441 Grote Renen 2,814.561 3283101 ,7 4460493 ,49.919 3.4624 3373.244 ,097412 4,229,161 47.171 % of roprines Til 3.0% 3.0% 3.0% Penn Atom 61% 5% 1.289347 159388 1328.501 3.1% 144,1» 1,363,356 169.065 Laren 174165 1.451,449 179.43 1.494240 114.774 1.540.097 190,31$ 1386300 96.027 1.63449 201801 1.682.006 207,965 3% 34355 57,016 01376 614488 62.12 61,172 4.091 63480 70,122 72.235 8% 154.880 159327 164312 1(4242 174319 179,549 14935 190.43 incose 292.84.1 14% 283,04 201324 303275 309%1 714%2 735319 317462 344101 338344 360.140 ('MI kretetnesont • Lullean 6% 3847 3,180 4275 3.373 3.421 4579 3.686 3.797 3411 4.024 On 2% 37.810 38.951 40,102 41303 42344 44821 41115 46.49 47,134 49330 Imunini/ 3% 69.804 71,898 340%5 74277 78.565 8e22 2.350 85.850 4.416 91378 RE laxes • • Adein Ne • • • • • • 1'014reprinn — noner ,11197 .241413 2.31 sesso 2,572.127 meum 1.675.161 1.40isc /L(in 65% 62% 61% 60% 604 toti 60% 60% 40% 69% 69% NOlibero« Im) 977.414 .24 . .324032 .444 .\1132 416.65 1.692.414 1.746297 1,798486 111pm kt 132.010 173.03) 132,030 132.000 132.000 ULM 113.000 111803 132800 132.000 132.000 Adjten1 HOI 84.5.454 1.1117.941 1.221132 1.34496 1.374)71 1.419.562 1.4.4.109 4514.142 1.5634.41 1.614.217 1.666.414 NO1 Maren )0% 3,4% 353. 37% 17% 3718 3751 37% 17% 3”... Lug Valn • 19819.817 Ca* How Mt« us 114.000.000) 1.117.911 1.221,033 1.310.4% 1.37071 1.414.462 1.444.109 13141141 1.543.434 1.414.197 14646.513 Ilea Service 5'911.032 394192 894082 898.082 498142 143.(92 14082 sntuaz 894012 593012 Ilse 1 24. 154. 4% 15,1a I5/. 163. 16% 1 74. I Kn 2.3033 Cad, fim Aker DS 2193143 322,954 433.411 476239 521.410 M8•127 615.970 664111 714215 19.741.431 Den Pay Mn. 19700321 Nei 041, Hem (1.074000) 219453 321.920 432414 476.289 521.41 566,027 615.970 665.351 716215 /6.809.398 1141tIonlen441 11.9% IRR Deteee41 114% Capdal Inipantmerci12005 .4101 361.706 361,74 Na Cn1, 0.1(.p. I.M) t7 oft 600) ei ei 322,941 144 244027 614974 663331 if ernr309 IRR Oneredi 1L816 to ('40, .2.6% 4.6% 4.1% 4.7% 7.4% 3.0% 47% 94% 10.1% 728 10 EFTA01122419 FNdebK woos • fin vMMe ~assn.% ens«. Notes I. leesni ant/ Land LeasesKt fa4 6/ 31. mina grosth 2 Imo »oat in 2012. anosined 6:s <molded 1 Ildand Odes - Senxe l»14 »a‘stioanst.D00 aece 4 Mimi Vet is wooer of 6% of 5101 oe 53.500 percron:S Astampilems 1 aloailin Debt Pespesty lidsenaidieo Shp Hoe Roams DM« Res~(Ireml, (144 I ban Il ) Porchne Tee t10.00:,yont Italiace 3)77.000 Slips 120 SI 70 -53 30 pa fool/Day Slips F.49MoGeohth 3.0% Cap Dale (9oin8 se) 115% LTV 34% Fuel 004 kid COGS 509% Cap 104e (toil) 45% Race 0 52% Vilde PierriMein 54.ene Pee (141.4) 64%. Ikle (ualneeed) 11 9% lain 7 Roseatant hips Fot »GP NIA OM (Iewed) 13 2% AnNt 2.5 Saks Come 0 Yew 10 II% 'RR Deviled h/CtoEM 17 3% Minni15 1011/2017 'I comsat Vow 10 Dnolieponeat Poleneiál Hu» 4331 de<1 • ATM Co eniew 1.a9.65 tor mcp 1,..sek vips- AIM io oniesh AC(910 2003 War 0 %12 Vair 1 »14 Yew 2 2•13 Yew 3 2011 Venr 4 2009 1ór5 2610 1446 nil Vole 7 20,2 Year 4 2.113 Vow 9 2111 Vent 10 2.015 1k.í Rosner TI1ta Sa 5.0% 3,0% 3.0% 3.0% 3.0% 3.0% 3.0% 30% 4054 1.231.775 1.296314 131040 1.402.110 1.111.215 1.47.571 1.532.200 1,571.164 1.011811 1,614,27$ 'al »51 84500 087.513 931,883 951845 9881.11/ 1.018.293 1.041.848 104114 1,112,723 1846.105 1Vder/C4WEJectie 18% 539,343 566231 $95,067 612.919 631207 45024 669,73) 689446 710,141 7.447 Rawals , Upload laws 3% 90,310 933119 95.110 4084 101,615 144.694 1078115 1111110 114:972 117,834 Had 11441C4or »wage Wand Other 12% 361.833 379.977 14974 410,94; 423114 435,977 409,051 462.523 476.398 490090 Wets Reoeipts Tm Told Revenee 2,671.49 3.071012 0.113.734 1.363.081 Mar» 3.,- :NA 111)« 3929916 40N375 4161.112 Can or Goods Said I 308,113 54% 1.535.911 1.61 1,47 1,691,540 1.742217 1,79055 1.041.102 1,903,44 1,000419 2.019.714 2080.311 Total Gross Ranier 1.363.186 .540.844 1.160.1159 2.019.48 2.041.331 %of »lows II 1; r 10,1c41 Adam 5,44109.4 R6 y Whoa CAM Reebutteerni Land I oue 3 i 1511 Ill 18.5 31 6% 29247..." 5111 47,1» 41.202 4°.$3 151:0117 9"51.1" 231.152 100,441 411,740 73.631 60.7» 41892 238.087 1 01:420527 16,14/ 1.7.541 311 245,230 105,560 51708 n,731 44, 11,947143 2109 51,377 53,259 91.39) 45.2» 26° 15143 ... 801 (4 51 94,135 61.348 46.587 357,969 110441 %, 4'055. 713: 058*33 2979684 .008 I 47SI 92; :5198 214 1 05 • 21 72843. : 06 5263 1 2 1 292817 ;207;p3 2101 6761..9742 o2 011a lenutanee 5% 5% 32,40 30.134 )3C 73 . . 462 8 14 31.421 30.135. 37.414 39.45 41,83017 1871:ss0 613 431,7'71446 4 03359 4°02 ..:*440 9 (1 9:"4371. 445253 '116° 7113 RE Tams AMA 14 4% »0 25,2t0 71 2» • 21 »0 21.207 1'11d Extorts »pease Mat& NO] (Wore /41) 667.146 49% eititi :2:72517 ; 4ibil 40% 1%1 40% 766'21 ;573752? 41111 7».7» 40% 74.952 40% /rƒ/130 13% 81125.5274.5- 8292112 40% 100.379 ---"T335- 46.160 1.012429 1.043.7M 1.1770.4» 1.108.864 1.142346 1,1 7:09 1.214.0.3 4Y. 1.251,199 Mont Fe< 42,400 00.74 02070 61,550 44,532 60.573 70,676 72,141 73,072 Adjosaed NO1 658.379 *47,129 894.845 951342 »LI» 1.9II183 1.042.332 Lg1,.51J I,IOTINI 1,111.1g 1.074.1P 1.101 Matro 411 11% 56% 361e 56% 5911 5019 56% 56% 57% 17% rAA VithIC 13.421.613 Credo 11ost Ildoer 115 i 10 Vie ,A all 847.1,29 40.145 950.871 9$1.1311 1.011.24 1.041,332 1.074.313 1,107.253 1.141.111 14.5,7,115 DM Smite 32943 179,011 129,063 371.081 329.013 120.011 )20.031 11..053 1291011 320,441 135C 254 t12. 249. 208x 107. 317. 3.36a 336x 347x 4416x Cash /Ian Maw US 511.911 545.40 On.7119 6.17.4114 1$3,740 713.254 745.230 711.170 112.401 14.2111.732 Wm Pa5 On.. t` ftan 1171 Nee Cale Hon 16.623.000) 518.74 560.013 422,989 652.«.6 68724 7133» 7f5.230 770.170 812.14 1 1.419.$95 11114144nert4) 11.1% MR rote 13.2% Caoaalloyeo•eesen:s (2006 2010) 462.020 205.500 73.100 »,000 51.000 51.000 Nei< ash Ilea iN tsp. Itegaj 16.4.2/.0e0) 313,211 47.701 X2,789 4,01.016 614 713, 771.171 i,m9.5,3 11110 firward) 123% Cash en Cash 42% 7.4% 13% 0.1% 94% 10.1% 11-1% 11.1% 12.1% 80/10 EFTA01122420 Fett C I•946 Papleio,141.awiirlpIPPYPOC4 Asmseprlors Voleatiom DM Pram«) 1014r...466n 51« 'tale Rtramt Dram Ratan ChOoll. Pk* Rim III hnbasehict 110.62330)) San« 7.131.40) Ups4:1, 447 5114 .5436 pr Mond. Sips linprome Grua» 33% Cap Rase190itt 80 93% LTV 67% Sips -CM 250 5219. 5349 Cavell'« Mora Otha COGS 27.6% Cal...K(04M 13% Ret 6.35% Dry 5:01,,PP Sama 'lepe Mgr For (5031) 6.0% IRK kardentrail 1243: Tenn 7 Senate Den BeNtegw Mon Fee »GP 33% IRR Revco, 194%AØ. 25 Ship &me Merclundue Sales C011$ Ø VP, I0 3.0% IRR Ilmered 6.4Callx) 134% Atarky MOTO« fuel Md. lanai Yen 10 ~Infant De•amposal Polcalin Rare hat 47 Dom Brokarme Gruntb poinnal. 754. ecemiel Tam 7 1,9~4 On 44a,ø 444114n can be ov a, Aar, 25 kr_virti - reta5gwe • ATM lo rain. Maturity Nora I lam« ad Land Loam me thed a 1% 366.01 pao...0. 2 Lay «Mum ø MOB. assumed es tmeeded VMsdfT.4a Se4 let Dry< . Boar PP% pew 4 Ms« /a m peat on?. o<N9f or 51.300 pa numa Don. Ito now 51t4 1.41 Warertableff Ran: Ratak Upload laws 16nel ~I Oaf S1~ UPIal Otta Goo Raq9slaa Told Rost COSI G60d) Sold Told Gross Renarv Ewa«. hetoll Admen Man.« R&M Uaties CAM Remburseneem Load IØ Carr Ireuranco RE Taws Mr« fit Total Captor. 2.5.2<nse Mmgen NO1 ar(o« Via) Mt" ftt Adjuutd NOI NO1 Mayo GP Kea fa 32.155 Ent Value Cal Iles Berme IPS 0." Since A Dek4 Soma 8 1)5( Cø6 ni». Atha 1/5 Debt Pay Don Nei (ab Ilan 1811 Ialetta41 Km (mend, en...I lenpro.emnt 00% -TIMM Nei Cam Itoa. (0/(107 0[34 MR Ilnesed) (3n, en Cad, Ware %d far I 2606 Vex 2 214/7 Yen 3 2011 la, 4 2100 Veer 1 2011 Yaw 6 2911 1'ør7 2011 \tor 5 2013 Sod 9 all Vat ID »15 Til Rev 3.0% 3.0% 30% 34% 1.0% 3.0% It% 18% 3.0% 55% 1422.363 1.465.034 1303913 1354.234 1,6003111 1645300 1.691,376 670327 1.$01307 1,555361 6% 1453151 150.227 154.73) 159.375 16435) »9361 174.134 1793771 184360 190.302 • - • . . 13% 329.350 330.231 349407 3/1.890 370.1436 »1,107 »3.361 403.619 417.211 429327 2% 60.030 613t0 66654 63,561 67331 69.556 71643 7).792 730» 73,6 . • . . • Ili 32.510 3).866 34,512 35029 37307 31.117 »360 40,418 41.01 42031 23% 600317 . 611,141 637.407 . 656.529 676325 696.512 717.407 738.929 761.097 • ,1030 3.596261 2.461.9» 3.749.000 3014.541 3016" 3"293 36J4101 l.lY49EJ 1317 V3 3.313 27% 609410 720.6» 742340 761316 787,452 $11.075. 535.407 P40,470 116.214 912372 1343349 "694 2.32635. 2.39%241 2.463,6 %o8 Is rap 45% 377.114 358.427 410.010 412401 424.445 417.17/ 451294 463.503 477.717 463.01/ T% 54352 55.912 57.667 50,191 61.171 63.005 NSW 66341 65.151 70917 6% 51303 31.064 51646 56,5 S7.074 19313 61.501 63350 65.230 67.2(4 7% 62.3, 41391 ".124 (4.107 70351 22,255 76423 76.6% 78055 81,724 6% 51.631 33.11.1 14,779 54.422 53113 59.1151 11.654 63.50) 65.0). 67)71 • • - • • - - . . . • 2% 14993 14,4» 14.853 15.2011 19,737 16,2)0 16.717 17311 17,735 13267 14% 117335 3263% 134309 1,331 131,975 135.934 1"012 144.211 148.539 152.995 7% 56.740 513.453 60217 62.023 61,134 65.0» 67374 69,506 71002 74019 6% 4$ 0» a osz 41000 4111110 41,000 41000 Alt») 460:0 4344» uz:ins 1:::2511 9<0.741 931:47.5 457,477 915377 1.013S» 1.1343.3.47 1,1172,118 44% 4, 4 44% 44% 44% 44% 4.. 44% 41.. 4IP. 1.024441 .01.016 1.121362 1.161.264 1.197.241 1.231329 1.273317 1.411660 1.253.211 1399.948 67467 65.512 07,5(4 46077 71354 740% 76.405 71,754 81,233 83.757 991451 6016.354 1094.4» 1,1151497 6125.799 1.139333 1.197611 1274276 . 51% 334. 414. .1,1% 514. 33% 53% 53% 539. 5)% 33304 10,741 31.753 32 743 33.771 3432% 33.910 37.0, 38.130 39346 • 14.974417 110.621 000/ )57.24 595.543 1.026343 11.8459 6091037 1.126.901 1.144.102 1.197.23 1.234.47* 16.247342 539,126 V(0.326 •49.11. S.4.126 559.126 339,324 314.326 559.326 559326 559326 121.3101 12833 1213388 121355 0 0 0 0 0 0 I øv I45 110. Ilex 191. 701. 201. 214a 22% 390% 20.541 »7449 339429 311.144 532411 546,02 601.776 617322 679.152 15417014 fl 106 4 I% 41493 000) 269411 3673411 3•31019 371344 532411 544.652 691.)76 637322 05.153 mAsi.at 114% 19.4% 2476.500 36030) 226.2«. 3)1,900 131.100 1399000 0.I93Ø) 190.95/ a 1140 7.129 212444 (16ø,121I 5~4i 61776 63 013 ø64N KAM") 134% .24% 23% 4.2% 6.1% 16.2% 17.2% 11.3% 133% 9 a( 10 EFTA01122421 444.419.44.4•11444.110~1494•99/2020 41444011444 Yana Deb4 Nopmy 1.4.004.9 Ap 1104 amen= Delia Mari Oral 3.11% Mar Ire 18.00,960 Bata 3.743.010 Slips 140 St/ • 5650 pee Month 560 Expense Goal 3.41 CIO Ale Wrings) 103% LlY 47% Chata Vad: Real COGS 424% Cap bra*/ LS% Ra 977: la Dock 011e. %nice 01ped Fee (MAI 6.41% 1RR (waded) 131% 14.4 10 11031 trot e egc An Fr to GP NM IPA fleka41 19 3% Aeat 25 Rani & (Science (et dr Sates Cosa fi You 10 111% IRS (14460 01C401591 13 3% rank 44/20» lama Yew 10 Raw Notes lam I. 1aum aiel lind lemma (94 6135: rood pa% Axon 2 Loan mahnes in 201 assumed i: w aveln! Marcy 1. la Rma ges a 2007 4. Upland 41es - axe la Baal Lill Nleiandew. Berra Yawl Year 1 Vert VW) Tar 4 Vow 8 Yer 6 Year, Tail 1 or 9 Vat 10 Actual NON %14 2906 HO 244 3409 2419 2111 2012 2913 )814 2845 Pock Rena 111Rev 3.9% 11.0% 30% 19% le% 10% 30% 30% 3.1% 510 35% 918.149 945449 1049,934 1.071.647 1,1032% 1130,910 1171011 124142 1242,332 1279.602 I o.1 15% 39100 402210 441,003 436293 469.912 44,031 44604 313362 523.9$9 544)38 Wietotabk,1167.7; . . - . • . lault trolls 144w. kul 21% 1% 730.146 440 752.07 21205 127467 34.931 151703 23,679 171,31.4 30419 904.01 27.343 04772 4000 959.713 21402 94517 20,10 1.01/172 30.602 Wed Wet Swann 4a1 tat 22% 582,24; 599,750 09226 679317 699943 720,900 742.52; 76180 787,747 811379 C0011 KNCTI5 1 Told lima 1499,44 3.643.748 2.725341 3.43.41 3.04.4411 1.174.413 3,073 4.7 3.371010 3471,40 ;517,7,11 3.60444 Coa of 164$ Sall 1,039,r71 42% 1111223 1.144,559 1,258,304 1,20603 1334434 1,44492 1,416232 1,451,719 1347,333 191a1 Oron Rettnot 1469243 14,14343 1340.583 1.13 .07 1,789J8 1443401 1291,715. 1,45.749 2.137259 %or fl peant. Ts KIM 16,:e9 34% 348.743 256,206 30.592 271,109 279,963 4.3.162 297413 305.923 315.101 324.554 /Lan 9% 56.9119 53.07 0.45* 67272 4140 66,063 4046 74.04 72,190 74,336 Melons 8% 51539 55,145 4100 311501 60259 62,056 611.92/1 65444 67242 0,856 11.9.M 3% 39%0 301159 31.783 32.738 332211 34,712 35.774 36347 37,052 19991 Ugrees 5% 1440 33047 37.025 31136 39.790 40,439 41,072 42,921 44,210 45337 CAM 14,44.mene 0 - • • - ail lax 41 28.803 29,661 4.554 31471 32.413 33387 4389 31420 36.41 37.577 Oa t% 16.410 16,192 17,19> 17421 11.4541 19.012 19.512 30,170 70,75 2114 Image 1051 107,64 110473 114,204 11143D 121.159 121794 124337 132.193 110265 140.430 4.14a 9% 4301 57,891 5901 61.420 61311 6110 67.115 69.129 71,201 73,339 Main Ece 4% 344000 4om 34900 74000 4 4 24 000 24.010 24100 7n010 1601 /spends 547.49 OM AM» 434.101 akiti hysinc Hawn 40% 40% 49% 40% 4411 NO1 fleav Fees) 87240 i07,i93 91144 1340.749 1,15t691 1211302 1.248232 1.27443. Pip,. I'« 52,240 49478 54,31.1 62315 (4,413 64,40.• 68,441 70341 72,701 74,921 /7,116 Adjimed NOI 1120,124 337.411 140334 979,395 1497.454 1,010.414 1.972.394 1,101150 1.1312141 1.11417 1.30%719 7.04 klan 4% 54% 31% 56% ¶4% 50. 50. 57% 57% 56. 375. Pui Value . 11110105 Ca lut. liar 14 19.020900) 937411 850,134 919.195 1,049.454 1410.414 1.02,304 110,150 MANX 1,173431 15414244 Debl Senxe 514202 314,103 40.492 03,492 403402 401492 401.492 403.492 40102 40302 'Sr 1414 10% 243x 230. 254 2 607 274x 2120 291x 37 21% Cad. flou Afxr DS 313479 336,034 575903 605462 $36.922 444,111 791.07 74449 770.335 14.611,454 13:1,1 04a.... 12.389.977I Ntl Ca lb. 14.147.020) 313,379 330.031 575.903 6442 636,922 441.811 191457 215019 770.335 12.271.775 11111 (sanned) 151% 1RR Omesed1 19.3% Caput hammants 12000 -2010/ 2.636-X0 019.34 1.481.663 143.993 191001 155101 Ncl Cali Ilia (wear. lap.) 14,137349 401941 il.I12.13a 391113 41/981 48141 14911 7411,147 735,49 770.335 12221,14 111111104901 13.3% ('ad, 44 end. .2735. 9.2% RI% 11,3% 717% 10.5% 17.1% 19.1% 7.505: In now 109410 EFTA01122422