0001063344 ht:CindatHershaOwnerJvLlcMember 2016-12-31 0001063344 ht:SbPartnersLlcMember ht:SouthBaySandeepLlcMember ht:HolidayInnExpressSouthBostonMaMember 2016-01-01 2016-12-31 0001063344 ht:MysticPartnersLlcMember ht:MysticPartnersLeasecoLlcMember ht:MarriottMysticCtMember 2016-01-01 2016-12-31 0001063344 ht:MysticPartnersLlcMember ht:MysticPartnersLeasecoLlcMember ht:MarriottHartfordCtMember 2016-01-01 2016-12-31 0001063344 ht:MysticPartnersLlcMember ht:MysticPartnersLeasecoLlcMember ht:HiltonHartfordCtMember 2016-01-01 2016-12-31 0001063344 ht:HirenBostonLlcMember ht:SouthBayBostonLlcMember ht:CourtyardSouthBostonMaMember 2016-01-01 2016-12-31 0001063344 ht:CindatHershaOwnerJvLlcMember ht:CindatHershaLesseeJvLlcMember ht:HolidayInnWallStreetNyMember 2016-01-01 2016-12-31 0001063344 ht:CindatHershaOwnerJvLlcMember ht:CindatHershaLesseeJvLlcMember ht:HolidayInnExpressWaterStreetNyMember 2016-01-01 2016-12-31 0001063344 ht:CindatHershaOwnerJvLlcMember ht:CindatHershaLesseeJvLlcMember ht:HolidayInnExpressTimesSquareNyMember 2016-01-01 2016-12-31 0001063344 ht:CindatHershaOwnerJvLlcMember ht:CindatHershaLesseeJvLlcMember ht:HamptonInnTimesSquareNyMember 2016-01-01 2016-12-31 0001063344 ht:CindatHershaOwnerJvLlcMember ht:CindatHershaLesseeJvLlcMember ht:HamptonInnHeraldSquareNyMember 2016-01-01 2016-12-31 0001063344 ht:CindatHershaOwnerJvLlcMember ht:CindatHershaLesseeJvLlcMember ht:HamptonInnChelseaNyMember 2016-01-01 2016-12-31 0001063344 ht:CindatHershaOwnerJvLlcMember ht:CindatHershaLesseeJvLlcMember ht:CandlewoodSuitesTimesSquareNyMember 2016-01-01 2016-12-31 0001063344 ht:HershaStatutoryTrustIMember us-gaap:JuniorSubordinatedDebtMember 2016-12-31 0001063344 ht:HershaStatutoryTrustIiMember us-gaap:JuniorSubordinatedDebtMember 2016-12-31 0001063344 2016-10-31 0001063344 2015-02-28 0001063344 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2015-01-01 2015-12-31 0001063344 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2016-01-01 2016-12-31 0001063344 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2014-01-01 2014-12-31 0001063344 ht:OriginalYearOfIssuanceDate2Member us-gaap:RestrictedStockMember 2016-01-01 2016-12-31 0001063344 us-gaap:PreferredStockMember 2016-01-01 2016-12-31 0001063344 us-gaap:CommonStockMember 2016-01-01 2016-12-31 0001063344 us-gaap:CommonStockMember 2015-01-01 2015-12-31 0001063344 us-gaap:CommonStockMember 2014-01-01 2014-12-31 0001063344 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2016-12-31 0001063344 us-gaap:ParentMember 2016-12-31 0001063344 us-gaap:NoncontrollingInterestMember 2016-12-31 0001063344 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0001063344 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0001063344 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2016-12-31 0001063344 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2015-12-31 0001063344 us-gaap:ParentMember 2015-12-31 0001063344 us-gaap:NoncontrollingInterestMember 2015-12-31 0001063344 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0001063344 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-12-31 0001063344 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2015-12-31 0001063344 ht:NoncontrollingInterestsConsolidatedVariableInterestEntityMember 2015-12-31 0001063344 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2014-12-31 0001063344 us-gaap:ParentMember 2014-12-31 0001063344 us-gaap:NoncontrollingInterestMember 2014-12-31 0001063344 us-gaap:AdditionalPaidInCapitalMember 2014-12-31 0001063344 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2014-12-31 0001063344 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2014-12-31 0001063344 ht:NoncontrollingInterestsConsolidatedVariableInterestEntityMember 2014-12-31 0001063344 ht:NoncontrollingInterestsCommonUnitsMember 2014-12-31 0001063344 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2013-12-31 0001063344 us-gaap:ParentMember 2013-12-31 0001063344 us-gaap:NoncontrollingInterestMember 2013-12-31 0001063344 us-gaap:AdditionalPaidInCapitalMember 2013-12-31 0001063344 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2013-12-31 0001063344 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2013-12-31 0001063344 ht:NoncontrollingInterestsConsolidatedVariableInterestEntityMember 2013-12-31 0001063344 ht:NoncontrollingInterestsCommonUnitsMember 2013-12-31 0001063344 us-gaap:PreferredStockMember 2016-12-31 0001063344 us-gaap:CommonStockMember 2016-12-31 0001063344 us-gaap:PreferredStockMember 2015-12-31 0001063344 us-gaap:CommonStockMember 2015-12-31 0001063344 ht:NoncontrollingInterestsCommonUnitsAndLtipUnitsMember 2015-12-31 0001063344 us-gaap:PreferredStockMember 2014-12-31 0001063344 us-gaap:CommonStockMember 2014-12-31 0001063344 ht:NoncontrollingInterestsSharesMember 2014-12-31 0001063344 ht:NoncontrollingInterestsCommonUnitsAndLtipUnitsMember 2014-12-31 0001063344 us-gaap:PreferredStockMember 2013-12-31 0001063344 us-gaap:CommonStockMember 2013-12-31 0001063344 ht:NoncontrollingInterestsSharesMember 2013-12-31 0001063344 ht:Issued12232014Member ht:LongTermIncentivePlanUnitsMember ht:TwoThousandThirteenAnnualLongTermEquityIncentiveProgram2013AnnualEipMember 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate5Member us-gaap:RestrictedStockMember 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate4Member us-gaap:RestrictedStockMember 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate3Member us-gaap:RestrictedStockMember 2016-12-31 0001063344 ht:Issued12302016Member ht:AnnualRetainerMember 2016-12-31 0001063344 ht:Issued12272013Member ht:MultiYearLtipTrusteePlanMember 2016-12-31 0001063344 ht:Issued03272015Member ht:NonEmployeesMember 2016-12-31 0001063344 ht:CompensationCommitteeApprovalDate4Member ht:TwoThousandThirteenMultiYearLongTermEquityIncentiveProgram2013MultiYearEipMember 2016-12-31 0001063344 ht:AnnualRetainerMember 2016-12-31 0001063344 ht:BoardOfTrusteesMember 2016-12-01 2016-12-31 0001063344 ht:BoardOfTrusteesMember 2016-06-01 2016-06-30 0001063344 ht:OriginalYearOfIssuanceDate3Member us-gaap:RestrictedStockMember us-gaap:MinimumMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate3Member us-gaap:RestrictedStockMember us-gaap:MaximumMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate1Member us-gaap:RestrictedStockMember us-gaap:MinimumMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate1Member us-gaap:RestrictedStockMember us-gaap:MaximumMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate5Member us-gaap:RestrictedStockMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate4Member us-gaap:RestrictedStockMember 2016-01-01 2016-12-31 0001063344 ht:AnnualRetainerMember 2016-01-01 2016-12-31 0001063344 us-gaap:RestrictedStockMember 2016-01-01 2016-12-31 0001063344 ht:LongTermIncentivePlanUnitsMember 2016-01-01 2016-12-31 0001063344 ht:RitzCarltonCoconutGroveFlMember us-gaap:SubsequentEventMember 2017-02-02 0001063344 ht:HershaHospitalityLimitedPartnershipMember ht:CindatHershaOwnerJvLlcMember 2016-02-03 0001063344 ht:HershaHospitalityLimitedPartnershipMember ht:JuniorCommonEquityInterestMember ht:CindatHershaOwnerJvLlcMember 2016-12-31 0001063344 ht:CindatCapitalManagementLimitedMember ht:CindatHershaOwnerJvLlcMember 2016-12-31 0001063344 ht:HershaHospitalityLimitedPartnershipMember ht:LimitedServiceHotelsInManhattanMember ht:CindatHershaOwnerJvLlcMember 2016-02-03 0001063344 us-gaap:LandMember 2016-12-31 0001063344 us-gaap:BuildingAndBuildingImprovementsMember 2016-12-31 0001063344 ht:FurnitureFixturesAndEquipmentMember 2016-12-31 0001063344 us-gaap:LandMember 2015-12-31 0001063344 us-gaap:BuildingAndBuildingImprovementsMember 2015-12-31 0001063344 ht:FurnitureFixturesAndEquipmentMember 2015-12-31 0001063344 us-gaap:HotelMember ht:TowneplaceSuitesSunnyvaleCaMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:St.GregoryHotelWashingtonD.c.Member 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:SheratonWilmingtonSouthDeMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:SheratonHotelJfkAirportNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:RitzCarltonGeorgetownWashingtonD.c.Member 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:RittenhouseHotelPaMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:ResidenceInnTysonSCornerVaMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:ResidenceInnCoconutGroveFlMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:NuHotelBrooklynNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HyattUnionSquareNewYorkNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HyattHouseWhitePlainsNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HyattHouseGaithersburgMdMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HotelMiloSantaBarbaraCaliforniaMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HolidayInnExpSuitesChesterNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HolidayInnExpressManhattanNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HolidayInnExpCambridgeMaMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HiltonGardenInnTribecaNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HiltonGardenInnJfkAirportNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HamptonInnWashingtonDcMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HamptonInnSeaportNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HamptonInnPhiladelphiaPaMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:HamptonInnPearlStreetNewYorkNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:DuaneStreetTribecaNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:CourtyardMiamiFlMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:CourtyardLaWestsideCaMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:CourtyardByMarriottSanDeigoCaMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:CourtyardBrooklineMaMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:CapitalHillSuitesWashingtonDcMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:BulfinchBostonMaMember 2016-01-01 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ht:ResidenceInnGreenbeltMdMember 2016-01-01 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ht:HyattHouseScottsdaleAzMember 2016-01-01 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ht:HyattHousePleasantonCaMember 2016-01-01 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ht:HyattHousePleasantHillsCaMember 2016-01-01 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ht:CourtyardInnAlexandriaVaMember 2016-01-01 2016-12-31 0001063344 ht:WinterHavenMiamiBeachFlMember 2016-01-01 2016-12-31 0001063344 ht:SanctuaryBeachResortMarinaCaMember 2016-01-01 2016-12-31 0001063344 ht:ParrotKeyResortKeyWestFlMember 2016-01-01 2016-12-31 0001063344 ht:HiltonGardenInnMStreetWashingtonDcMember 2016-01-01 2016-12-31 0001063344 ht:HiltonGardenInnMidtownEastNyMember 2016-01-01 2016-12-31 0001063344 ht:EnvoyHotelBostonMaMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardSunnyvaleCaMember 2016-01-01 2016-12-31 0001063344 ht:BlueMoonMiamiBeachFlMember 2016-01-01 2016-12-31 0001063344 ht:AmbroseSantaMonicaCaMember 2016-01-01 2016-12-31 0001063344 us-gaap:BuildingAndBuildingImprovementsMember us-gaap:MinimumMember 2016-01-01 2016-12-31 0001063344 us-gaap:BuildingAndBuildingImprovementsMember us-gaap:MaximumMember 2016-01-01 2016-12-31 0001063344 ht:FurnitureFixturesAndEquipmentMember us-gaap:MinimumMember 2016-01-01 2016-12-31 0001063344 ht:FurnitureFixturesAndEquipmentMember us-gaap:MaximumMember 2016-01-01 2016-12-31 0001063344 us-gaap:MinimumMember 2016-01-01 2016-12-31 0001063344 ht:SeriesDPreferredStockOverallotmentMember 2016-12-31 0001063344 us-gaap:SeriesCPreferredStockMember 2015-12-31 0001063344 us-gaap:SeriesBPreferredStockMember 2015-12-31 0001063344 us-gaap:SeriesEPreferredStockMember 2016-12-31 0001063344 us-gaap:SeriesDPreferredStockMember 2016-12-31 0001063344 us-gaap:SeriesCPreferredStockMember 2016-12-31 0001063344 us-gaap:SeriesBPreferredStockMember 2016-12-31 0001063344 ht:CourtyardMiamiBeachLeaseBuyoutMember 2016-10-01 2016-12-31 0001063344 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-01-01 2016-12-31 0001063344 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-01-01 2015-12-31 0001063344 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2014-01-01 2014-12-31 0001063344 us-gaap:StateAndLocalJurisdictionMember 2016-12-31 0001063344 us-gaap:InternalRevenueServiceIRSMember 2016-12-31 0001063344 ht:HamptonInnHeraldSquareNyAndHamptonInnChelseaNyMember 2016-12-31 0001063344 ht:HamptonInnHeraldSquareNyMember 2016-12-31 0001063344 ht:HamptonInnChelseaNyMember 2016-12-31 0001063344 ht:CapitolHillHotelWashingtonDcMember 2015-12-31 0001063344 ht:HiltonGardenInnTribecaNyMember 2014-12-31 0001063344 ht:MysticMarriottHotelSpaMember us-gaap:SubsequentEventMember 2017-01-03 0001063344 us-gaap:InterestRateSwapMember ht:SeniorUnsecuredTermLoanAgreementMember 2016-12-31 0001063344 ht:DuaneStreetHotelNewYorkNyMember 2014-12-31 0001063344 ht:SeniorUnsecuredCreditAgreementAndSeniorUnsecuredTermLoanAgreementMember 2016-12-31 0001063344 us-gaap:LineOfCreditMember 2016-12-31 0001063344 ht:SeniorUnsecuredCreditAgreementMember 2016-12-31 0001063344 ht:SeniorUnsecuredRevolvingLineOfCreditMember 2015-12-31 0001063344 us-gaap:InterestRateSwapMember us-gaap:UnsecuredDebtMember 2015-12-31 0001063344 us-gaap:InterestRateSwapMember ht:UnsecuredDebtBMember 2015-12-31 0001063344 us-gaap:InterestRateSwapMember ht:HiltonGardenInn52ndStreetNewYorkNyMember 2015-12-31 0001063344 us-gaap:InterestRateSwapMember ht:DuaneStreetHotelNewYorkNyMember 2015-12-31 0001063344 us-gaap:InterestRateCapMember ht:HyattUnionSquareNewYorkNyMember 2015-12-31 0001063344 us-gaap:InterestRateCapMember ht:CourtyardLaWestsideCulverCityLaMember 2015-12-31 0001063344 us-gaap:LineOfCreditMember 2016-01-01 2016-12-31 0001063344 us-gaap:MortgagesMember 2015-01-01 2015-12-31 0001063344 us-gaap:LineOfCreditMember 2015-01-01 2015-12-31 0001063344 us-gaap:MortgagesMember 2014-01-01 2014-12-31 0001063344 us-gaap:LineOfCreditMember 2014-01-01 2014-12-31 0001063344 ht:SbPartnersLlcMember 2016-01-01 2016-12-31 0001063344 ht:MysticPartnersLlcMember 2016-01-01 2016-12-31 0001063344 ht:HirenBostonLlcMember 2016-01-01 2016-12-31 0001063344 ht:CindatHershaOwnerJvLlcMember 2016-01-01 2016-12-31 0001063344 ht:SbPartnersLlcMember 2015-01-01 2015-12-31 0001063344 ht:MysticPartnersLlcMember 2015-01-01 2015-12-31 0001063344 ht:HirenBostonLlcMember 2015-01-01 2015-12-31 0001063344 ht:SbPartnersLlcMember 2014-01-01 2014-12-31 0001063344 ht:MysticPartnersLlcMember 2014-01-01 2014-12-31 0001063344 ht:HirenBostonLlcMember 2014-01-01 2014-12-31 0001063344 ht:CourtyardMiamiBeachLeaseBuyoutMember 2016-01-01 2016-12-31 0001063344 ht:CitigroupGlobalMarketsInc.Member 2014-01-01 2014-12-31 0001063344 ht:HyattHouseWhitePlainsNyMember 2016-01-01 2016-12-31 0001063344 ht:HyattHouseGaithersburgMdMember 2016-01-01 2016-12-31 0001063344 ht:HolidayInnExpSuitesChesterNyMember 2016-01-01 2016-12-31 0001063344 ht:HawthornSuitesFranklinMaMember 2016-01-01 2016-12-31 0001063344 ht:HamptonInnSeaportNyMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardInnAlexandriaVaMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardByMarriottMiamiFlMember 2015-01-01 2015-12-31 0001063344 ht:ResidenceInnGreenbeltMdMember 2014-01-01 2014-12-31 0001063344 ht:HiltonAndMarriottBrandedHotelsInCtAndRiMember ht:MysticPartnersLlcMember 2016-12-31 0001063344 ht:HolidayInnExpressBostonMaMember ht:SbPartnersLlcMember 2015-12-31 0001063344 ht:HiltonAndMarriottBrandedHotelsInCtAndRiMember ht:MysticPartnersLlcMember 2015-12-31 0001063344 ht:CourtyardByMarriottBostonMaMember ht:HirenBostonLlcMember 2015-12-31 0001063344 ht:HiltonAndMarriottBrandedHotelsInCtAndRiMember us-gaap:MinimumMember ht:MysticPartnersLlcMember 2016-12-31 0001063344 ht:HiltonAndMarriottBrandedHotelsInCtAndRiMember us-gaap:MaximumMember ht:MysticPartnersLlcMember 2016-12-31 0001063344 ht:HolidayInnExpressBostonMaMember ht:SbPartnersLlcMember 2016-12-31 0001063344 ht:HiltonAndIhgBrandedHotelsInNycMember ht:CindatHershaOwnerJvLlcMember 2016-12-31 0001063344 ht:HershaHospitalityLimitedPartnershipMember ht:CindatHershaOwnerJvLlcMember 2016-12-31 0001063344 ht:CourtyardByMarriottBostonMaMember ht:HirenBostonLlcMember 2016-12-31 0001063344 ht:Issued03302016Member ht:LongTermIncentivePlanUnitsMember ht:TwoThousandFifteenAnnualLongTermEquityIncentiveProgram2015AnnualEipMember 2016-12-31 0001063344 ht:Issued03302015Member ht:LongTermIncentivePlanUnitsMember ht:TwoThousandFourteenAnnualLongTermEquityIncentiveProgram2014AnnualEipMember 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate2Member us-gaap:RestrictedStockMember 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate1Member us-gaap:RestrictedStockMember 2016-12-31 0001063344 ht:Issued12302016Member ht:MultiYearLtipTrusteePlanMember 2016-12-31 0001063344 ht:Issued12302014Member ht:MultiYearLtipTrusteePlanMember 2016-12-31 0001063344 ht:Issued12232014Member ht:LongTermIncentivePlanUnitsMember 2016-12-31 0001063344 ht:Issued03302016Member ht:NonEmployeesMember 2016-12-31 0001063344 ht:Issued03302016Member ht:MultiYearLtipTrusteePlanMember 2016-12-31 0001063344 ht:CompensationCommitteeApprovalDate3Member ht:TwoThousandFourteenMultiYearLongTermEquityIncentiveProgram2014MultiYearEipMember 2016-12-31 0001063344 ht:CompensationCommitteeApprovalDate2Member ht:TwoThousandFifteenMultiYearLongTermEquityIncentiveProgram2015MultiYearEipMember 2016-12-31 0001063344 ht:CompensationCommitteeApprovalDate1Member ht:TwoThousandSixteenMultiYearLongTermEquityIncentiveProgram2016MultiYearEipMember 2016-12-31 0001063344 us-gaap:RestrictedStockMember 2016-12-31 0001063344 ht:NonEmployeesMember 2016-12-31 0001063344 ht:MultiYearLtipTrusteePlanMember 2016-12-31 0001063344 ht:LongTermIncentivePlanUnitsMember 2016-12-31 0001063344 ht:AnnualLongTermEquityIncentiveProgramsMember 2016-12-31 0001063344 ht:Issued12232014Member ht:LongTermIncentivePlanUnitsMember ht:TwoThousandThirteenAnnualLongTermEquityIncentiveProgram2013AnnualEipMember 2015-12-31 0001063344 ht:Issued03302015Member ht:LongTermIncentivePlanUnitsMember ht:TwoThousandFourteenAnnualLongTermEquityIncentiveProgram2014AnnualEipMember 2015-12-31 0001063344 ht:OriginalYearOfIssuanceDate5Member us-gaap:RestrictedStockMember 2015-12-31 0001063344 ht:OriginalYearOfIssuanceDate4Member us-gaap:RestrictedStockMember 2015-12-31 0001063344 ht:OriginalYearOfIssuanceDate3Member us-gaap:RestrictedStockMember 2015-12-31 0001063344 ht:OriginalYearOfIssuanceDate2Member us-gaap:RestrictedStockMember 2015-12-31 0001063344 ht:Issued12302014Member ht:MultiYearLtipTrusteePlanMember 2015-12-31 0001063344 ht:Issued12272013Member ht:MultiYearLtipTrusteePlanMember 2015-12-31 0001063344 ht:Issued12232014Member ht:LongTermIncentivePlanUnitsMember 2015-12-31 0001063344 ht:Issued03272015Member ht:NonEmployeesMember 2015-12-31 0001063344 ht:CompensationCommitteeApprovalDate4Member ht:TwoThousandThirteenMultiYearLongTermEquityIncentiveProgram2013MultiYearEipMember 2015-12-31 0001063344 ht:CompensationCommitteeApprovalDate3Member ht:TwoThousandFourteenMultiYearLongTermEquityIncentiveProgram2014MultiYearEipMember 2015-12-31 0001063344 ht:CompensationCommitteeApprovalDate2Member ht:TwoThousandFifteenMultiYearLongTermEquityIncentiveProgram2015MultiYearEipMember 2015-12-31 0001063344 us-gaap:RestrictedStockMember 2015-12-31 0001063344 ht:NonEmployeesMember 2015-12-31 0001063344 ht:MultiYearLtipTrusteePlanMember 2015-12-31 0001063344 ht:MultiYearLtipMember 2015-12-31 0001063344 ht:LongTermIncentivePlanUnitsMember 2015-12-31 0001063344 ht:AnnualLongTermEquityIncentiveProgramsMember 2015-12-31 0001063344 us-gaap:SeriesEPreferredStockMember 2016-01-01 2016-12-31 0001063344 ht:HershaHospitalityLimitedPartnershipMember ht:LimitedServiceHotelsInManhattanMember ht:CindatHershaOwnerJvLlcMember 2016-01-01 2016-12-31 0001063344 ht:ResidenceInnFraminghamMaAndResidenceInnNorwoodMaMember 2016-01-01 2016-12-31 0001063344 ht:HyattPlaceKopPaMember 2016-01-01 2016-12-31 0001063344 ht:HawthornSuitesFranklinMaMember 2016-01-01 2016-12-31 0001063344 ht:ResidenceInnFraminghamMaAndResidenceInnNorwoodMaMember 2016-12-31 0001063344 ht:HyattPlaceKopPaMember 2016-12-31 0001063344 ht:HawthornSuitesFranklinMaMember 2016-12-31 0001063344 ht:HershaHospitalityLimitedPartnershipMember ht:LimitedServiceHotelsInManhattanMember ht:CindatHershaOwnerJvLlcMember 2016-12-31 0001063344 ht:CindatHotelPortfolio7Member 2016-01-01 2016-12-31 0001063344 us-gaap:InterestRateSwapMember us-gaap:UnsecuredDebtMember 2016-01-01 2016-12-31 0001063344 us-gaap:InterestRateSwapMember ht:UnsecuredDebtBMember 2016-01-01 2016-12-31 0001063344 us-gaap:InterestRateSwapMember ht:ThirdTermLoanMember 2016-01-01 2016-12-31 0001063344 us-gaap:InterestRateSwapMember ht:HiltonGardenInn52ndStreetNewYorkNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:InterestRateSwapMember ht:DuaneStreetHotelNewYorkNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:InterestRateCapMember ht:HyattUnionSquareNewYorkNyMember 2016-01-01 2016-12-31 0001063344 us-gaap:InterestRateCapMember ht:CourtyardLaWestsideCulverCityLaMember 2016-01-01 2016-12-31 0001063344 ht:TermLoansMember 2016-12-31 0001063344 ht:HershaStatutoryTrustIAndHershaStatutoryTrustIiMember us-gaap:JuniorSubordinatedDebtMember 2015-12-31 0001063344 ht:TermLoansMember 2015-12-31 0001063344 ht:SeniorUnsecuredTermLoanAgreementMember 2016-01-01 2016-12-31 0001063344 ht:SeniorUnsecuredTermLoanAgreementBMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardBrooklineMaMember 2015-01-01 2015-12-31 0001063344 us-gaap:MortgagesMember us-gaap:MinimumMember 2016-12-31 0001063344 us-gaap:MortgagesMember us-gaap:MaximumMember 2016-12-31 0001063344 ht:HyattUnionSquareNewYorkNyMember 2015-12-31 0001063344 ht:CourtyardByMarriottWestsideLosAngelesCaMember 2015-12-31 0001063344 ht:HershaStatutoryTrustIAndHershaStatutoryTrustIiMember us-gaap:JuniorSubordinatedDebtMember 2015-01-01 2015-12-31 0001063344 ht:HershaStatutoryTrustIAndHershaStatutoryTrustIiMember us-gaap:JuniorSubordinatedDebtMember 2014-01-01 2014-12-31 0001063344 ht:MezzanineMortgagesMember 2016-12-31 0001063344 us-gaap:MortgagesMember 2016-01-01 2016-12-31 0001063344 us-gaap:MortgagesMember 2016-12-31 0001063344 ht:UnsecuredTermLoanMember 2016-12-31 0001063344 ht:SeniorUnsecuredTermLoanAgreementMember 2016-12-31 0001063344 ht:SeniorUnsecuredTermLoanAgreementBMember 2016-12-31 0001063344 us-gaap:MortgagesMember 2015-12-31 0001063344 ht:UnsecuredTermLoanMember 2015-12-31 0001063344 ht:SeniorUnsecuredTermLoanAgreementMember 2015-12-31 0001063344 us-gaap:MinimumMember ht:UnsecuredTermLoanMember 2016-01-01 2016-12-31 0001063344 us-gaap:MinimumMember ht:SeniorUnsecuredTermLoanAgreementMember 2016-01-01 2016-12-31 0001063344 us-gaap:MinimumMember ht:SeniorUnsecuredTermLoanAgreementBMember 2016-01-01 2016-12-31 0001063344 us-gaap:MinimumMember ht:SeniorUnsecuredRevolvingLineOfCreditMember 2016-01-01 2016-12-31 0001063344 us-gaap:MaximumMember ht:UnsecuredTermLoanMember 2016-01-01 2016-12-31 0001063344 us-gaap:MaximumMember ht:SeniorUnsecuredTermLoanAgreementMember 2016-01-01 2016-12-31 0001063344 us-gaap:MaximumMember ht:SeniorUnsecuredTermLoanAgreementBMember 2016-01-01 2016-12-31 0001063344 us-gaap:MaximumMember ht:SeniorUnsecuredRevolvingLineOfCreditMember 2016-01-01 2016-12-31 0001063344 ht:HershaStatutoryTrustIMember us-gaap:JuniorSubordinatedDebtMember 2016-01-01 2016-12-31 0001063344 ht:HershaStatutoryTrustIiMember us-gaap:JuniorSubordinatedDebtMember 2016-01-01 2016-12-31 0001063344 ht:HyattUnionSquareNewYorkNyMember 2015-01-01 2015-12-31 0001063344 ht:CourtyardByMarriottWestsideLosAngelesCaMember 2015-01-01 2015-12-31 0001063344 ht:CapitolHillHotelWashingtonDcMember 2015-01-01 2015-12-31 0001063344 ht:HiltonGardenInnTribecaNyMember 2014-01-01 2014-12-31 0001063344 ht:DuaneStreetHotelNewYorkNyMember 2014-01-01 2014-12-31 0001063344 2016-10-01 2016-12-31 0001063344 2016-07-01 2016-09-30 0001063344 2016-01-01 2016-03-31 0001063344 2015-10-01 2015-12-31 0001063344 2015-07-01 2015-09-30 0001063344 2015-04-01 2015-06-30 0001063344 2015-01-01 2015-03-31 0001063344 ht:NoncontrollingInterestsCommonUnitsAndLtipUnitsMember 2015-06-30 0001063344 ht:NoncontrollingInterestsCommonUnitsAndLtipUnitsMember 2015-06-21 0001063344 us-gaap:CommonClassBMember 2016-12-31 0001063344 us-gaap:CommonClassAMember 2016-12-31 0001063344 us-gaap:CommonClassBMember 2015-12-31 0001063344 us-gaap:CommonClassAMember 2015-12-31 0001063344 ht:NoncontrollingInterestsCommonUnitsAndLtipUnitsMember 2015-04-01 2015-06-30 0001063344 ht:NoncontrollingInterestsCommonUnitsAndLtipUnitsMember 2015-04-01 2015-06-21 0001063344 2013-12-31 0001063344 ht:SanctuaryBeachResortMarinaCaMember 2016-12-31 0001063344 ht:CourtyardSunnyvaleCaMember 2016-12-31 0001063344 ht:St.GregoryHotelWashingtonDcMember 2015-12-31 0001063344 ht:AquisitionsInPriorYearMember 2015-01-01 2015-12-31 0001063344 ht:ParrotKeyResortKeyWestFlMember 2015-12-31 0001063344 ht:ParrotKeyResortKeyWestFlMember 2014-12-31 0001063344 ht:RitzCarltonCoconutGroveFlMember us-gaap:SubsequentEventMember 2017-02-02 2017-02-02 0001063344 ht:SanctuaryBeachResortMarinaCaMember us-gaap:LandMember 2016-01-01 2016-12-31 0001063344 ht:SanctuaryBeachResortMarinaCaMember us-gaap:BuildingAndBuildingImprovementsMember 2016-01-01 2016-12-31 0001063344 ht:SanctuaryBeachResortMarinaCaMember ht:LoanCostsMember 2016-01-01 2016-12-31 0001063344 ht:SanctuaryBeachResortMarinaCaMember ht:FurnitureFixturesAndEquipmentMember 2016-01-01 2016-12-31 0001063344 ht:HiltonGardenInnMStreetWashingtonDcMember us-gaap:LandMember 2016-01-01 2016-12-31 0001063344 ht:HiltonGardenInnMStreetWashingtonDcMember us-gaap:BuildingAndBuildingImprovementsMember 2016-01-01 2016-12-31 0001063344 ht:HiltonGardenInnMStreetWashingtonDcMember ht:OtherIntangiblesMember 2016-01-01 2016-12-31 0001063344 ht:HiltonGardenInnMStreetWashingtonDcMember ht:FurnitureFixturesAndEquipmentMember 2016-01-01 2016-12-31 0001063344 ht:EnvoyHotelBostonMaMember us-gaap:LandMember 2016-01-01 2016-12-31 0001063344 ht:EnvoyHotelBostonMaMember us-gaap:BuildingAndBuildingImprovementsMember 2016-01-01 2016-12-31 0001063344 ht:EnvoyHotelBostonMaMember ht:OtherIntangiblesMember 2016-01-01 2016-12-31 0001063344 ht:EnvoyHotelBostonMaMember ht:FurnitureFixturesAndEquipmentMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardSunnyvaleCaMember us-gaap:LandMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardSunnyvaleCaMember us-gaap:BuildingAndBuildingImprovementsMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardSunnyvaleCaMember ht:OtherIntangiblesMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardSunnyvaleCaMember ht:LoanCostsMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardSunnyvaleCaMember ht:FurnitureFixturesAndEquipmentMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardMiamiBeachLeaseBuyoutMember us-gaap:ScenarioPlanMember 2016-01-01 2016-12-31 0001063344 ht:AmbroseSantaMonicaCaMember us-gaap:LandMember 2016-01-01 2016-12-31 0001063344 ht:AmbroseSantaMonicaCaMember us-gaap:BuildingAndBuildingImprovementsMember 2016-01-01 2016-12-31 0001063344 ht:AmbroseSantaMonicaCaMember ht:FurnitureFixturesAndEquipmentMember 2016-01-01 2016-12-31 0001063344 us-gaap:LandMember 2016-01-01 2016-12-31 0001063344 us-gaap:BuildingAndBuildingImprovementsMember 2016-01-01 2016-12-31 0001063344 ht:OtherIntangiblesMember 2016-01-01 2016-12-31 0001063344 ht:LoanCostsMember 2016-01-01 2016-12-31 0001063344 ht:FurnitureFixturesAndEquipmentMember 2016-01-01 2016-12-31 0001063344 ht:TowneplaceSuitesSunnyvaleCaMember us-gaap:BuildingAndBuildingImprovementsMember 2015-01-01 2015-12-31 0001063344 ht:TowneplaceSuitesSunnyvaleCaMember ht:OtherIntangiblesMember 2015-01-01 2015-12-31 0001063344 ht:TowneplaceSuitesSunnyvaleCaMember ht:FurnitureFixturesAndEquipmentMember 2015-01-01 2015-12-31 0001063344 ht:St.GregoryHotelWashingtonDcMember us-gaap:LandMember 2015-01-01 2015-12-31 0001063344 ht:St.GregoryHotelWashingtonDcMember us-gaap:BuildingAndBuildingImprovementsMember 2015-01-01 2015-12-31 0001063344 ht:St.GregoryHotelWashingtonDcMember ht:OtherIntangiblesMember 2015-01-01 2015-12-31 0001063344 ht:St.GregoryHotelWashingtonDcMember ht:LoanCostsMember 2015-01-01 2015-12-31 0001063344 ht:St.GregoryHotelWashingtonDcMember ht:FurnitureFixturesAndEquipmentMember 2015-01-01 2015-12-31 0001063344 ht:RitzCarltonGeorgetownDcMember us-gaap:LandMember 2015-01-01 2015-12-31 0001063344 ht:RitzCarltonGeorgetownDcMember us-gaap:BuildingAndBuildingImprovementsMember 2015-01-01 2015-12-31 0001063344 ht:RitzCarltonGeorgetownDcMember ht:FurnitureFixturesAndEquipmentMember 2015-01-01 2015-12-31 0001063344 us-gaap:LandMember 2015-01-01 2015-12-31 0001063344 us-gaap:BuildingAndBuildingImprovementsMember 2015-01-01 2015-12-31 0001063344 ht:OtherIntangiblesMember 2015-01-01 2015-12-31 0001063344 ht:LoanCostsMember 2015-01-01 2015-12-31 0001063344 ht:FurnitureFixturesAndEquipmentMember 2015-01-01 2015-12-31 0001063344 ht:CindatHotelPortfolio7Member us-gaap:MinimumMember 2016-01-01 2016-12-31 0001063344 us-gaap:MaximumMember 2016-01-01 2016-12-31 0001063344 ht:SanctuaryBeachResortMarinaCaMember 2016-01-01 2016-12-31 0001063344 ht:ResidenceInnNorwoodMaMember 2016-01-01 2016-12-31 0001063344 ht:ResidenceInnFraminghamMaMember 2016-01-01 2016-12-31 0001063344 ht:HyattPlaceKopPaMember 2016-01-01 2016-12-31 0001063344 ht:HiltonGardenInnMStreetWashingtonDcMember 2016-01-01 2016-12-31 0001063344 ht:HawthorneSuitesFranklinMaMember 2016-01-01 2016-12-31 0001063344 ht:EnvoyHotelBostonMaMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardSunnyvaleCaMember 2016-01-01 2016-12-31 0001063344 ht:AmbroseSantaMonicaCaMember 2016-01-01 2016-12-31 0001063344 ht:TowneplaceSuitesSunnyvaleCaMember 2015-01-01 2015-12-31 0001063344 ht:St.GregoryHotelWashingtonDcMember 2015-01-01 2015-12-31 0001063344 ht:RitzCarltonGeorgetownDcMember 2015-01-01 2015-12-31 0001063344 ht:Hotel3735thAveNewYorkNyMember 2014-01-01 2014-12-31 0001063344 us-gaap:ScenarioPreviouslyReportedMember 2015-12-31 0001063344 us-gaap:RestatementAdjustmentMember 2015-12-31 0001063344 ht:LimitedPartnershipCommonUnitsMember 2016-01-01 2016-12-31 0001063344 ht:LimitedPartnershipCommonUnitsMember 2015-01-01 2015-12-31 0001063344 ht:LimitedPartnershipCommonUnitsMember 2014-01-01 2014-12-31 0001063344 ht:AnnualRetainerMember ht:MultiYearLtipTrusteePlanMember 2016-01-01 2016-12-31 0001063344 us-gaap:RestrictedStockUnitsRSUMember 2016-01-01 2016-12-31 0001063344 ht:NonEmployeesMember 2016-01-01 2016-12-31 0001063344 ht:MultiYearLtipTrusteePlanMember 2016-01-01 2016-12-31 0001063344 ht:MultiYearLtipMember 2016-01-01 2016-12-31 0001063344 ht:BoardOfTrusteesMember 2016-01-01 2016-12-31 0001063344 ht:AnnualLongTermEquityIncentiveProgramsMember 2016-01-01 2016-12-31 0001063344 ht:AnnualRetainerMember ht:MultiYearLtipTrusteePlanMember 2015-01-01 2015-12-31 0001063344 us-gaap:RestrictedStockUnitsRSUMember 2015-01-01 2015-12-31 0001063344 ht:NonEmployeesMember 2015-01-01 2015-12-31 0001063344 ht:MultiYearLtipTrusteePlanMember 2015-01-01 2015-12-31 0001063344 ht:MultiYearLtipMember 2015-01-01 2015-12-31 0001063344 ht:BoardOfTrusteesMember 2015-01-01 2015-12-31 0001063344 ht:AnnualLongTermEquityIncentiveProgramsMember 2015-01-01 2015-12-31 0001063344 ht:AnnualRetainerMember ht:MultiYearLtipTrusteePlanMember 2014-01-01 2014-12-31 0001063344 us-gaap:RestrictedStockUnitsRSUMember 2014-01-01 2014-12-31 0001063344 ht:NonEmployeesMember 2014-01-01 2014-12-31 0001063344 ht:MultiYearLtipTrusteePlanMember 2014-01-01 2014-12-31 0001063344 ht:MultiYearLtipMember 2014-01-01 2014-12-31 0001063344 ht:BoardOfTrusteesMember 2014-01-01 2014-12-31 0001063344 ht:AnnualLongTermEquityIncentiveProgramsMember 2014-01-01 2014-12-31 0001063344 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-12-31 0001063344 us-gaap:AdditionalPaidInCapitalMember 2015-01-01 2015-12-31 0001063344 us-gaap:AdditionalPaidInCapitalMember 2014-01-01 2014-12-31 0001063344 us-gaap:InterestRateSwapMember us-gaap:UnsecuredDebtMember 2016-12-31 0001063344 us-gaap:InterestRateSwapMember ht:UnsecuredTermLoanMember 2016-12-31 0001063344 us-gaap:InterestRateSwapMember ht:UnsecuredDebtBMember 2016-12-31 0001063344 us-gaap:InterestRateSwapMember ht:ThirdTermLoanMember 2016-12-31 0001063344 us-gaap:InterestRateSwapMember ht:SeniorUnsecuredTermLoanAgreementBMember 2016-12-31 0001063344 us-gaap:InterestRateSwapMember ht:HiltonGardenInn52ndStreetNewYorkNyMember 2016-12-31 0001063344 us-gaap:InterestRateSwapMember ht:DuaneStreetHotelNewYorkNyMember 2016-12-31 0001063344 us-gaap:InterestRateCapMember ht:HyattUnionSquareNewYorkNyMember 2016-12-31 0001063344 us-gaap:InterestRateCapMember ht:CourtyardLaWestsideCulverCityLaMember 2016-12-31 0001063344 ht:HershaHospitalityLimitedPartnershipMember ht:PreferredEquityInterestMember ht:CindatHershaOwnerJvLlcMember 2016-01-01 2016-12-31 0001063344 2014-12-31 0001063344 ht:MultiYearLtipMember 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate5Member us-gaap:RestrictedStockMember us-gaap:MinimumMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate5Member us-gaap:RestrictedStockMember us-gaap:MaximumMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate4Member us-gaap:RestrictedStockMember us-gaap:MinimumMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate4Member us-gaap:RestrictedStockMember us-gaap:MaximumMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate2Member us-gaap:RestrictedStockMember us-gaap:MinimumMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate2Member us-gaap:RestrictedStockMember us-gaap:MaximumMember 2016-01-01 2016-12-31 0001063344 ht:Issued12232014Member ht:LongTermIncentivePlanUnitsMember ht:TwoThousandThirteenAnnualLongTermEquityIncentiveProgram2013AnnualEipMember 2016-01-01 2016-12-31 0001063344 ht:Issued03302016Member ht:LongTermIncentivePlanUnitsMember ht:TwoThousandFifteenAnnualLongTermEquityIncentiveProgram2015AnnualEipMember 2016-01-01 2016-12-31 0001063344 ht:Issued03302015Member ht:LongTermIncentivePlanUnitsMember ht:TwoThousandFourteenAnnualLongTermEquityIncentiveProgram2014AnnualEipMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate3Member us-gaap:RestrictedStockMember 2016-01-01 2016-12-31 0001063344 ht:OriginalYearOfIssuanceDate1Member us-gaap:RestrictedStockMember 2016-01-01 2016-12-31 0001063344 ht:Issued12302016Member ht:MultiYearLtipTrusteePlanMember 2016-01-01 2016-12-31 0001063344 ht:Issued12302016Member ht:AnnualRetainerMember 2016-01-01 2016-12-31 0001063344 ht:Issued12302014Member ht:MultiYearLtipTrusteePlanMember 2016-01-01 2016-12-31 0001063344 ht:Issued12272013Member ht:MultiYearLtipTrusteePlanMember 2016-01-01 2016-12-31 0001063344 ht:Issued12232014Member ht:LongTermIncentivePlanUnitsMember 2016-01-01 2016-12-31 0001063344 ht:Issued03302016Member ht:NonEmployeesMember 2016-01-01 2016-12-31 0001063344 ht:Issued03302016Member ht:MultiYearLtipTrusteePlanMember 2016-01-01 2016-12-31 0001063344 ht:Issued03302016Member ht:AnnualRetainerMember 2016-01-01 2016-12-31 0001063344 ht:Issued03272015Member ht:NonEmployeesMember 2016-01-01 2016-12-31 0001063344 ht:ResidenceInnGreenbeltMdCourtyardAlexandriaVaHyattHouseScottsdaleAzHyattHousePleasantHillCaAndHyattHousePleasantonCaMember us-gaap:SubsequentEventMember 2017-09-30 0001063344 ht:PanPacificSeattleWaMember us-gaap:SubsequentEventMember 2017-02-21 0001063344 ht:ResidenceInnGreenbeltMdCourtyardAlexandriaVaMember us-gaap:SubsequentEventMember 2017-01-31 0001063344 ht:LimitedServiceHotelsInManhattanMember ht:CindatHershaOwnerJvLlcMember 2016-12-31 0001063344 ht:ResidenceInnGreenbeltMdCourtyardAlexandriaVaHyattHouseScottsdaleAzHyattHousePleasantHillCaAndHyattHousePleasantonCaMember 2016-12-31 0001063344 ht:ResidenceInnGreenbeltMdCourtyardAlexandriaVaHyattHouseScottsdaleAzHyattHousePleasantHillCaAndHyattHousePleasantonCaMember us-gaap:SubsequentEventMember 2017-01-01 2017-01-31 0001063344 ht:AquisitionsInPriorYearMember 2016-01-01 2016-12-31 0001063344 ht:AquisitionsInCurrentYearMember 2016-01-01 2016-12-31 0001063344 ht:SeniorUnsecuredCreditAgreementMember 2016-01-01 2016-12-31 0001063344 us-gaap:HotelMember ht:TowneplaceSuitesSunnyvaleCaMember 2016-12-31 0001063344 us-gaap:HotelMember ht:St.GregoryHotelWashingtonD.c.Member 2016-12-31 0001063344 us-gaap:HotelMember ht:SheratonWilmingtonSouthDeMember 2016-12-31 0001063344 us-gaap:HotelMember ht:SheratonHotelJfkAirportNyMember 2016-12-31 0001063344 us-gaap:HotelMember ht:RitzCarltonGeorgetownWashingtonD.c.Member 2016-12-31 0001063344 us-gaap:HotelMember ht:RittenhouseHotelPaMember 2016-12-31 0001063344 us-gaap:HotelMember ht:ResidenceInnTysonSCornerVaMember 2016-12-31 0001063344 us-gaap:HotelMember ht:ResidenceInnCoconutGroveFlMember 2016-12-31 0001063344 us-gaap:HotelMember ht:NuHotelBrooklynNyMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HyattUnionSquareNewYorkNyMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HyattHouseWhitePlainsNyMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HyattHouseGaithersburgMdMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HotelMiloSantaBarbaraCaliforniaMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HolidayInnExpSuitesChesterNyMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HolidayInnExpressManhattanNyMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HolidayInnExpCambridgeMaMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HiltonGardenInnTribecaNyMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HiltonGardenInnJfkAirportNyMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HamptonInnWashingtonDcMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HamptonInnSeaportNyMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HamptonInnPhiladelphiaPaMember 2016-12-31 0001063344 us-gaap:HotelMember ht:HamptonInnPearlStreetNewYorkNyMember 2016-12-31 0001063344 us-gaap:HotelMember ht:DuaneStreetTribecaNyMember 2016-12-31 0001063344 us-gaap:HotelMember ht:CourtyardMiamiFlMember 2016-12-31 0001063344 us-gaap:HotelMember ht:CourtyardLaWestsideCaMember 2016-12-31 0001063344 us-gaap:HotelMember ht:CourtyardByMarriottSanDeigoCaMember 2016-12-31 0001063344 us-gaap:HotelMember ht:CourtyardBrooklineMaMember 2016-12-31 0001063344 us-gaap:HotelMember ht:CapitalHillSuitesWashingtonDcMember 2016-12-31 0001063344 us-gaap:HotelMember ht:BulfinchBostonMaMember 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ht:ResidenceInnGreenbeltMdMember 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ht:HyattHouseScottsdaleAzMember 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ht:HyattHousePleasantonCaMember 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ht:HyattHousePleasantHillsCaMember 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ht:CourtyardInnAlexandriaVaMember 2016-12-31 0001063344 us-gaap:RealEstateInvestmentMember 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2016-12-31 0001063344 ht:WinterHavenMiamiBeachFlMember 2016-12-31 0001063344 ht:SanctuaryBeachResortMarinaCaMember 2016-12-31 0001063344 ht:ParrotKeyResortKeyWestFlMember 2016-12-31 0001063344 ht:HiltonGardenInnMStreetWashingtonDcMember 2016-12-31 0001063344 ht:HiltonGardenInnMidtownEastNyMember 2016-12-31 0001063344 ht:EnvoyHotelBostonMaMember 2016-12-31 0001063344 ht:CourtyardSunnyvaleCaMember 2016-12-31 0001063344 ht:BlueMoonMiamiBeachFlMember 2016-12-31 0001063344 ht:AmbroseSantaMonicaCaMember 2016-12-31 0001063344 ht:MysticMarriottHotelSpaMember us-gaap:SubsequentEventMember 2017-01-01 2017-01-03 0001063344 2016-04-01 2016-06-30 0001063344 ht:HiltonAndMarriottBrandedHotelsInCtAndRiMember ht:MysticPartnersLlcMember 2016-01-01 2016-12-31 0001063344 ht:MysticPartnersLlcMember ht:HartfordMarriottAndHartfordHiltonMember us-gaap:SubsequentEventMember 2017-01-03 2017-01-03 0001063344 ht:AnnualRetainerMember ht:MultiYearLtipTrusteePlanMember 2016-12-31 0001063344 ht:UnsecuredCreditAgreementsMember 2016-12-31 0001063344 us-gaap:CorporateJointVentureMember 2016-12-31 0001063344 ht:MysticPartnersLlcMember 2016-12-31 0001063344 ht:HamptonInnHeraldSquareNyAndHamptonInnChelseaNyMember 2016-01-01 2016-12-31 0001063344 ht:HershaStatutoryTrustIAndHershaStatutoryTrustIiMember us-gaap:JuniorSubordinatedDebtMember 2016-01-01 2016-12-31 0001063344 ht:SeniorUnsecuredCreditAgreementAndSeniorUnsecuredTermLoanAgreementMember us-gaap:SubsequentEventMember 2017-02-21 0001063344 us-gaap:ParentMember 2016-01-01 2016-12-31 0001063344 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2016-01-01 2016-12-31 0001063344 ht:NoncontrollingInterestsConsolidatedVariableInterestEntityMember 2016-01-01 2016-12-31 0001063344 us-gaap:ParentMember 2015-01-01 2015-12-31 0001063344 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2015-01-01 2015-12-31 0001063344 ht:NoncontrollingInterestsConsolidatedVariableInterestEntityMember 2015-01-01 2015-12-31 0001063344 us-gaap:ParentMember 2014-01-01 2014-12-31 0001063344 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2014-01-01 2014-12-31 0001063344 ht:NoncontrollingInterestsConsolidatedVariableInterestEntityMember 2014-01-01 2014-12-31 0001063344 ht:TwoThousandSixteenMultiYearLongTermEquityIncentiveProgram2016MultiYearEipMember 2016-01-01 2016-12-31 0001063344 ht:TwoThousandSixteenAnnualLongTermEquityIncentiveProgram2016AnnualEipMember 2016-01-01 2016-12-31 0001063344 ht:NoncontrollingInterestsSharesMember 2014-01-01 2014-12-31 0001063344 ht:CompensationCommitteeApprovalDate3Member ht:TwoThousandFourteenMultiYearLongTermEquityIncentiveProgram2014MultiYearEipMember 2016-01-01 2016-12-31 0001063344 ht:CompensationCommitteeApprovalDate2Member ht:TwoThousandFifteenMultiYearLongTermEquityIncentiveProgram2015MultiYearEipMember 2016-01-01 2016-12-31 0001063344 ht:CompensationCommitteeApprovalDate1Member ht:TwoThousandSixteenMultiYearLongTermEquityIncentiveProgram2016MultiYearEipMember 2016-01-01 2016-12-31 0001063344 ht:CompensationCommitteeApprovalDate4Member ht:TwoThousandThirteenMultiYearLongTermEquityIncentiveProgram2013MultiYearEipMember 2016-01-01 2016-12-31 0001063344 us-gaap:MaximumMember 2016-12-31 0001063344 ht:MarriottMysticCtAndCourtyardNorwichCtMember 2016-01-01 2016-12-31 0001063344 ht:HiltonHartfordCtMember 2016-01-01 2016-12-31 0001063344 ht:CourtyardSunnyvaleCaMember ht:OtherIntangiblesMember 2016-12-31 0001063344 ht:TowneplaceSuitesSunnyvaleCaMember ht:OtherIntangiblesMember 2015-12-31 0001063344 ht:HolidayInnExpress29thStreetNyMember 2016-01-01 2016-12-31 0001063344 ht:HiltonGardenInnMStreetWashingtonDcMember ht:OtherIntangiblesMember 2016-12-31 0001063344 ht:EnvoyHotelBostonMaMember ht:OtherIntangiblesMember 2016-12-31 0001063344 ht:NoncontrollingInterestsCommonUnitsAndLtipUnitsMember 2016-12-31 0001063344 us-gaap:NoncontrollingInterestMember 2015-01-01 2015-12-31 0001063344 ht:NoncontrollingInterestsCommonUnitsAndLtipUnitsMember 2015-01-01 2015-12-31 0001063344 us-gaap:NoncontrollingInterestMember 2014-01-01 2014-12-31 0001063344 ht:NoncontrollingInterestsCommonUnitsMember 2014-01-01 2014-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember us-gaap:LandMember 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember us-gaap:BuildingAndBuildingImprovementsMember 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember ht:FurnitureFixturesAndEquipmentMember 2016-12-31 0001063344 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2016-12-31 0001063344 2016-12-31 0001063344 2015-12-31 0001063344 ht:HershaStatutoryTrustIAndHershaStatutoryTrustIiMember us-gaap:JuniorSubordinatedDebtMember 2016-12-31 0001063344 ht:HershaHospitalityLimitedPartnershipMember ht:CindatHershaOwnerJvLlcMember 2016-01-01 2016-12-31 0001063344 us-gaap:NoncontrollingInterestMember 2016-01-01 2016-12-31 0001063344 ht:NoncontrollingInterestsCommonUnitsAndLtipUnitsMember 2016-01-01 2016-12-31 0001063344 ht:HershaHospitalityLimitedPartnershipMember ht:JuniorCommonEquityInterestMember ht:CindatHershaOwnerJvLlcMember 2016-01-01 2016-12-31 0001063344 ht:CindatCapitalManagementLimitedMember ht:CindatHershaOwnerJvLlcMember us-gaap:ScenarioPlanMember 2016-01-01 2016-12-31 0001063344 ht:CindatCapitalManagementLimitedMember ht:CindatHershaOwnerJvLlcMember 2016-01-01 2016-12-31 0001063344 us-gaap:SeriesDPreferredStockMember 2016-01-01 2016-12-31 0001063344 us-gaap:SeriesCPreferredStockMember 2016-01-01 2016-12-31 0001063344 us-gaap:SeriesBPreferredStockMember 2016-01-01 2016-12-31 0001063344 us-gaap:CommonClassAMember 2016-01-01 2016-12-31 0001063344 us-gaap:SeriesCPreferredStockMember 2015-01-01 2015-12-31 0001063344 us-gaap:SeriesBPreferredStockMember 2015-01-01 2015-12-31 0001063344 us-gaap:CommonClassAMember 2015-01-01 2015-12-31 0001063344 us-gaap:SeriesCPreferredStockMember 2014-01-01 2014-12-31 0001063344 us-gaap:SeriesBPreferredStockMember 2014-01-01 2014-12-31 0001063344 us-gaap:CommonClassAMember 2014-01-01 2014-12-31 0001063344 ht:MarriottHartfordCtMember 2016-01-01 2016-12-31 0001063344 2015-01-01 2015-12-31 0001063344 2014-01-01 2014-12-31 0001063344 2016-06-30 0001063344 us-gaap:CommonClassBMember 2017-02-22 0001063344 us-gaap:CommonClassAMember 2017-02-22 0001063344 2016-01-01 2016-12-31 iso4217:USD xbrli:shares ht:agreement ht:segment ht:property ht:item ht:loan xbrli:pure iso4217:USD xbrli:shares false --12-31 FY 2016 2016-12-31 10-K 0001063344 41771966 0 Yes Large Accelerated Filer 727600000 HERSHA HOSPITALITY TRUST No Yes 1312000 992000 1689000 2472000 1119000 2560000 0.0025 12263000 13675000 13048000 496000 4764000 29567000 101163000 1000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">NOTE 6</font><font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;"> &#x2013; COMMITMENTS AND CONTINGENCIES AND RELATED PARTY TRANSACTIONS</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Management Agreements</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">Our wholly-owned taxable REIT subsidiary ("TRS"), 44 New England</font><font style="display: inline;color:#000000;font-size:10pt;"> and our joint venture partnerships</font><font style="display: inline;color:#000000;font-size:10pt;">, engage eligible independent contractors in accordance with the requirements for qualification as a REIT under the </font><font style="display: inline;color:#000000;font-size:10pt;">Code</font><font style="display: inline;color:#000000;font-size:10pt;">, including HHMLP, as </font><font style="display: inline;color:#000000;font-size:10pt;">the property managers for hotels leased </font><font style="display: inline;color:#000000;font-size:10pt;">from us pursuant to management agreements. HHMLP is owned, in part, by certain executives and trustees of the Company. Our management agreements with HHMLP provide for </font><font style="display: inline;color:#000000;font-size:10pt;">five</font><font style="display: inline;color:#000000;font-size:10pt;">-year terms and are subject to early termination upon the occurrence of defaults and certain other events described therein. As required under the REIT qualification rules, HHMLP must qualify as an &#x201C;eligible independent contractor&#x201D; during the term of the management agreements. Under the management agreements, HHMLP generally pays the operating expenses of our hotels. All operating expenses or other expenses incurred by HHMLP in performing its authorized duties are reimbursed or borne by our TRS to the extent the operating expenses or other expenses are incurred within the limits of the applicable approved hotel operating budget. HHMLP is not obligated to advance any of its own funds for operating expenses of a hotel or to incur any liability in connection with operating a hotel. Management agreements with other unaffiliated hotel management companies have similar terms.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">For its services, HHMLP receives a base management fee and, if a hotel exceeds certain thresholds, an incentive management fee. The base management fee for a hotel is due monthly and is equal to </font><font style="display: inline;color:#000000;font-size:10pt;">3%</font><font style="display: inline;color:#000000;font-size:10pt;"> of gross revenues associated with each hotel managed for the related month. The incentive management fee, if any, for a hotel is due annually in arrears on the ninetieth day following the end of each fiscal year and is based upon the financial performance of the hotels. For the years ended December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;">, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5</font><font style="display: inline;color:#000000;font-size:10pt;"> and 201</font><font style="display: inline;color:#000000;font-size:10pt;">4</font><font style="display: inline;color:#000000;font-size:10pt;">, base management fees incurred totaled </font><font style="display: inline;color:#000000;font-size:10pt;">$</font><font style="display: inline;font-size:10pt;">13,048</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">$13,675</font><font style="display: inline;color:#000000;font-size:10pt;"> and </font><font style="display: inline;color:#000000;font-size:10pt;">$12,263</font><font style="display: inline;color:#000000;font-size:10pt;"> respectively</font><font style="display: inline;color:#000000;font-size:10pt;">, and are recorded as Hotel Operating Expenses. For the years ended December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;">, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5</font><font style="display: inline;color:#000000;font-size:10pt;"> and 201</font><font style="display: inline;color:#000000;font-size:10pt;">4</font><font style="display: inline;color:#000000;font-size:10pt;">, we did </font><font style="display: inline;color:#000000;font-size:10pt;">no</font><font style="display: inline;color:#000000;font-size:10pt;">t incur incentive management fees.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Franchise Agreements</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">Our branded hotel properties are operated under franchise agreements assumed by the hotel property lessee. The franchise agreements have </font><font style="display: inline;color:#000000;font-size:10pt;">10</font><font style="display: inline;color:#000000;font-size:10pt;"> to </font><font style="display: inline;color:#000000;font-size:10pt;">20</font><font style="display: inline;color:#000000;font-size:10pt;"> year terms, but may be terminated by either the franchisee or franchisor on certain anniversary dates specified in the agreements. The franchise agreements require annual payments for franchise royalties, reservation, and advertising services, and such payments are based upon percentages of gross room revenue. These payments are paid by the hotels and charged to expense as incurred. Franchise fee expense for the years ended December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;">, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5</font><font style="display: inline;color:#000000;font-size:10pt;"> and 201</font><font style="display: inline;color:#000000;font-size:10pt;">4</font><font style="display: inline;color:#000000;font-size:10pt;"> were </font><font style="display: inline;color:#000000;font-size:10pt;">$24,477</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">$27,998</font><font style="display: inline;color:#000000;font-size:10pt;"> and </font><font style="display: inline;color:#000000;font-size:10pt;">$26,015</font><font style="display: inline;color:#000000;font-size:10pt;"> respectively, and are recorded in Hotel Operating Expenses. The initial fees incurred to enter into the franchise agreements are amortized over the life of the franchise agreements.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Accounting and Information Technology Fees</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">Each of the wholly-owned hotels and consolidated joint venture hotel properties managed by HHMLP incurs a monthly accounting and information technology fee. Monthly fees for accounting services are between </font><font style="display: inline;color:#000000;font-size:10pt;">$2</font><font style="display: inline;color:#000000;font-size:10pt;"> and </font><font style="display: inline;color:#000000;font-size:10pt;">$3</font><font style="display: inline;color:#000000;font-size:10pt;"> per property and monthly information technology fees range from </font><font style="display: inline;color:#000000;font-size:10pt;">$1</font><font style="display: inline;color:#000000;font-size:10pt;"> to </font><font style="display: inline;color:#000000;font-size:10pt;">$2</font><font style="display: inline;color:#000000;font-size:10pt;"> per property. For the years ended December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;">, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5</font><font style="display: inline;color:#000000;font-size:10pt;"> and 201</font><font style="display: inline;color:#000000;font-size:10pt;">4</font><font style="display: inline;color:#000000;font-size:10pt;">, the Company incurred accounting fees </font><font style="display: inline;color:#000000;font-size:10pt;">of </font><font style="display: inline;color:#000000;font-size:10pt;">$1,</font><font style="display: inline;font-size:10pt;">423</font><font style="display: inline;color:#000000;font-size:10pt;">,</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">$1,484</font><font style="display: inline;color:#000000;font-size:10pt;"> and </font><font style="display: inline;color:#000000;font-size:10pt;">$1,410</font><font style="display: inline;color:#000000;font-size:10pt;"> respectively. For the years ended December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;">, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5</font><font style="display: inline;color:#000000;font-size:10pt;"> and 201</font><font style="display: inline;color:#000000;font-size:10pt;">4</font><font style="display: inline;color:#000000;font-size:10pt;">, the Company incurred information technology fees of </font><font style="display: inline;color:#000000;font-size:10pt;">$</font><font style="display: inline;font-size:10pt;">458</font><font style="display: inline;color:#000000;font-size:10pt;">, &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">$441</font><font style="display: inline;color:#000000;font-size:10pt;"> and </font><font style="display: inline;color:#000000;font-size:10pt;">$416</font><font style="display: inline;color:#000000;font-size:10pt;"> respectively. Accounting fees and information technology fees are included in Hotel Operating Expenses.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Capital Expenditure Fees</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">HHMLP charges a </font><font style="display: inline;color:#000000;font-size:10pt;">5%</font><font style="display: inline;color:#000000;font-size:10pt;"> fee on all capital expenditures and pending renovation projects at the properties as compensation for procurement services related to capital expenditures and for project management of renovation projects. For the years ended December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;">, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5</font><font style="display: inline;color:#000000;font-size:10pt;"> and 201</font><font style="display: inline;color:#000000;font-size:10pt;">4</font><font style="display: inline;color:#000000;font-size:10pt;">, we incurred fees of </font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$1,255</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$996</font><font style="display: inline;color:#000000;font-size:10pt;"> and </font><font style="display: inline;color:#000000;font-size:10pt;">$742</font><font style="display: inline;color:#000000;font-size:10pt;"> respectively, which were capitalized with the cost of fixed asset additions.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;font-size: 10pt"> </p> <p><font size="1"> </font></p> <p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;;font-size: 10pt"><font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;"></font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">NOTE </font><font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">6</font><font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;"> &#x2013; COMMITMENTS AND CONTINGENCIES AND RELATED PARTY TRANSACTIONS (CONTINUED)</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Acquisitions from Affiliates</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">We have entered into an option agreement with each of our officers and certain trustees such that we obtain a right of first refusal to purchase any hotel owned or developed in the future by these individuals or entities controlled by them at fair market value. This right of first refusal would apply to each party until </font><font style="display: inline;color:#000000;font-size:10pt;">one</font><font style="display: inline;color:#000000;font-size:10pt;"> year after such party ceases to be an officer or trustee of the Company. Our Acquisition Committee of the Board of Trustees is comprised solely of independent trustees, and the purchase prices and all material terms of the purchase of hotels from related parties are approved by the Acquisition Committee.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Hotel Supplies</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">For the years ended December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;">, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5</font><font style="display: inline;color:#000000;font-size:10pt;"> and 201</font><font style="display: inline;color:#000000;font-size:10pt;">4</font><font style="display: inline;color:#000000;font-size:10pt;">, we incurred charges for hotel supplies of </font><font style="display: inline;color:#000000;font-size:10pt;">$</font><font style="display: inline;font-size:10pt;">144</font><font style="display: inline;color:#000000;font-size:10pt;">,</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">$</font><font style="display: inline;font-size:10pt;">189</font><font style="display: inline;color:#000000;font-size:10pt;"> and </font><font style="display: inline;color:#000000;font-size:10pt;">$163</font><font style="display: inline;color:#000000;font-size:10pt;"> respectively. </font><font style="display: inline;color:#000000;font-size:10pt;">For the years ended December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;">, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5</font><font style="display: inline;color:#000000;font-size:10pt;"> and 201</font><font style="display: inline;color:#000000;font-size:10pt;">4</font><font style="display: inline;color:#000000;font-size:10pt;">, we incurred charges for capital expenditure purchases of </font><font style="display: inline;color:#000000;font-size:10pt;">$2,166</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">$4,542</font><font style="display: inline;color:#000000;font-size:10pt;"> and</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">$10,610</font><font style="display: inline;color:#000000;font-size:10pt;"> respectively. These purchases were made from Hersha Purchasing and Design, a hotel supply company owned, in part, by certain executives and trustees of the Company. Hotel supplies are expensed and included in Hotel Operating Expenses on our consolidated statements of operations, and </font><font style="display: inline;color:#000000;font-size:10pt;">capital expenditure purchases are included in investment in hotel properties on our consolidated balance sheets. Approximatel</font><font style="display: inline;color:#000000;font-size:10pt;">y &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">$</font><font style="display: inline;font-size:10pt;">1</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">is</font><font style="display: inline;color:#000000;font-size:10pt;"> included</font><font style="display: inline;color:#000000;font-size:10pt;"> in accounts payable at </font><font style="display: inline;color:#000000;font-size:10pt;">both </font><font style="display: inline;color:#000000;font-size:10pt;">December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;"> and December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Due From Related Parties</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">The due from related parties balance as of December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;"> and December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5</font><font style="display: inline;color:#000000;font-size:10pt;"> was approximately </font><font style="display: inline;color:#000000;font-size:10pt;">$18,332</font><font style="display: inline;color:#000000;font-size:10pt;"> and </font><font style="display: inline;color:#000000;font-size:10pt;">$6,243</font><font style="display: inline;color:#000000;font-size:10pt;">, respectively. The balances primarily consisted of working capital deposits made to</font><font style="display: inline;color:#000000;font-size:10pt;"> HHMLP and other entities owned, in part, by certain executives and trustees of the Company</font><font style="display: inline;color:#000000;font-size:10pt;">.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Due to Related Parties</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">The balance due to related parties as of December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;"> and December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5</font><font style="display: inline;color:#000000;font-size:10pt;"> was approximately </font><font style="display: inline;color:#000000;font-size:10pt;">$0</font><font style="display: inline;color:#000000;font-size:10pt;"> and </font><font style="display: inline;color:#000000;font-size:10pt;">$8,789</font><font style="display: inline;color:#000000;font-size:10pt;">, respectively. The balances consisted of amounts payable to HHMLP for administrative, management, and benefit related fees.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Hotel Ground Rent</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">For the years ended December 31, 201</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;color:#000000;font-size:10pt;">, 201</font><font style="display: inline;color:#000000;font-size:10pt;">5</font><font style="display: inline;color:#000000;font-size:10pt;"> and 201</font><font style="display: inline;color:#000000;font-size:10pt;">4</font><font style="display: inline;color:#000000;font-size:10pt;"> we incurred </font><font style="display: inline;color:#000000;font-size:10pt;">$</font><font style="display: inline;font-size:10pt;">3,600</font><font style="display: inline;color:#000000;font-size:10pt;">, &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">$3,137</font><font style="display: inline;color:#000000;font-size:10pt;"> and </font><font style="display: inline;color:#000000;font-size:10pt;">$2,433</font><font style="display: inline;color:#000000;font-size:10pt;"> respectively</font><font style="display: inline;color:#000000;font-size:10pt;">, of rent expense payable pursuant to ground leases related to certain hotel properties.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Future minimum lease payments (without reflecting future applicable Consumer Price Index increases) under these agreements are as follows:</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:54.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:31.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Year Ending December 31,</font></p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:31.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Amount</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.24%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:31.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">2017</font></p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:31.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">2,706&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">2018</font></p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:31.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">2,714&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">2019</font></p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:31.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">2,719&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">2020</font></p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:31.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">2,744&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">2021</font></p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:31.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">2,782&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Thereafter</font></p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:31.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">246,578&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:31.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">260,243&nbsp; </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;text-decoration:underline;">Contingent Consideration</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The purchase agreement for the acquisition of the Parrot Key Resort in Key West, FL, which we acquired in the second quarter of 2014, contained a provision that entitled the seller to additional consideration of </font><font style="display: inline;font-size:10pt;">$2,000</font><font style="display: inline;font-size:10pt;"> contingent upon the hotel achieving certain net operating income thresholds within twelve months of acquisition. At the time of acquisition, no liability was recorded as the fair market value of the contingent consideration was determined to be </font><font style="display: inline;font-size:10pt;">$0</font><font style="display: inline;font-size:10pt;">. Upon remeasurement at the twelve months after acquisition, it was determined that the hotel achieved a net operating income within the agreed upon threshold and the liability of the contingent consideration was determined to be </font><font style="display: inline;font-size:10pt;">$2,000</font><font style="display: inline;font-size:10pt;">; and thus was paid to the seller in June 2015.</font> </p> <p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;font-size: 10pt"> </p> <p><font size="1"> </font></p> <p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;"></font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">NOTE 6 &#x2013; COMMITMENTS AND CONTINGENCIES AND RELATED PARTY TRANSACTIONS (CONTINUED)</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;text-decoration:underline;">Litigation</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">We are not presently subject to any material litigation nor, to our knowledge, is any other litigation threatened against us, other than routine actions for negligence or other claims and administrative proceedings arising in the ordinary course of business, some of which are expected to be covered by liability insurance and all of which collectively are not expected to have a material adverse effect on our liquidity, results of operations or business or financial condition.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div> 0.1 0.08 0.08 0.005 P4Y 225000 4430000 4430000 4430000 10653000 361000 354550000 45710000 2 624000 3508000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;text-decoration:underline;">Development Project Capitalization</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">We have opportunistically engaged in the development and re-development of hotel assets. </font><font style="display: inline;color:#000000;font-size:10pt;">We capitalize expenditures related to hotel development projects and renovations, including indirect costs such as interest expense, real estate taxes and utilities related to hotel development projects and renovations.</font> </p> <p><font size="1"> </font></p> </div> </div> 96941000 152058000 24187000 105663000 22208000 53585000 0.90 1793000 1793000 1793000 1913000 1913000 1913000 2356000 2356000 2356000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;text-decoration:underline;">Due from/to Related Parties</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Due from/to Related Parties represents current receivables and payables resulting from transactions related to hotel management and project management with affiliated entities. Due from related parties results primarily from advances of shared costs incurred. Due to affiliates results primarily from hotel management and project management fees incurred. Both due to and due from related parties are generally settled within a period not to exceed </font><font style="display: inline;font-size:10pt;">one</font><font style="display: inline;font-size:10pt;"> year.</font> </p> <p><font size="1"> </font></p> </div> </div> 1468000 3016000 6376000 6549000 13286000 5783000 5609000 8976000 11995000 6677000 18568000 1063000 1115000 1143000 -115000 341000 46000 15558000 45576000 2466000 30575000 36275000 21725000 22776000 24424000 2934000 2948000 9512000 19204000 8993000 -4021000 61029000 0.05 742000 996000 1255000 199000 76000 319000 -12667000 22494000 -16831000 133000 12667000 11845000 22494000 0 0 0 <div> <div style="margin-left:0pt;margin-right:0pt;"> <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:53.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:53.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;font-size: 1pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:53.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:53.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Twelve Months Ended December 31,</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:14.25pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">2016</font></p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">2015</font></p> </td> <td valign="bottom" style="width:00.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">2014</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">SB Partners, LLC</font></p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">618&nbsp; </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:15.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">582&nbsp; </td> <td valign="bottom" style="width:00.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">407&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:53.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Hiren Boston, LLC</font></p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">839&nbsp; </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">694&nbsp; </td> <td valign="bottom" style="width:00.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">603&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:53.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Mystic Partners, LLC</font></p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(137) </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(311) </td> <td valign="bottom" style="width:00.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(317) </td> </tr> <tr> <td valign="bottom" style="width:53.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Cindat Hersha Owner JV, LLC</font></p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:11.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(3,143) </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:11.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;"> &nbsp;-</font></p> </td> <td valign="bottom" style="width:00.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:11.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:11.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:11.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;"> &nbsp;-</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">(Loss) Income from Unconsolidated Joint Venture Investments</font></p> </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(1,823) </td> <td valign="bottom" style="width:00.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:15.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">965&nbsp; </td> <td valign="bottom" style="width:00.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">693&nbsp; </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div> -2685000 -3141000 -4888000 2000 91000 11000 282000 100000 150000 125000 150000 6353000 5000000 0 1548000 1548000 0.070 0.105 0.567 1.50 0.95 0.60 0.45 900000000 0.75 2016-03-30 1/1/2016 to 12/31/2018 1/1/2015 to 12/31/2017 1/1/2014 to 12/31/2016 1/1/2013 to 12/31/2015 487081 294245 0 0 136000 136000 136000 -694000 -694000 -694000 -1574000 -1574000 -1574000 0.90 3000 2000 2000 1000 68271000 1749000 -733000 67255000 1016000 67255000 42207000 1096000 -685000 41796000 411000 41796000 121457000 4914000 -437000 116980000 4477000 116980000 3281000 22494000 2838546 7 2 P2D 1 2 43 3 12 1 3 0.7634 1.0000 1.0000 0.7949 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 2000000 338000 0.25 1 P1Y 0.09 0.70 0.085 25.3722 4021000 429221000 354550000 8500000 0.3 1788109000 45622000 24340000 70700000 100394000 102440000 96888000 90039000 37618000 22646000 95454000 1692655000 26750000 20859000 14893000 19363000 13589000 15411000 40279000 36601000 64068000 39518000 105140000 19135000 33759000 21005000 22940000 58733000 19251000 56353000 9743000 81363000 6686000 53467000 16603000 32142000 106724000 18196000 24981000 15405000 42591000 46923000 22821000 15214000 58237000 18679000 0.50 <div> <div style="margin-left:0pt;margin-right:0pt;"> <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:57.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:17.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:57.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;font-size: 1pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:17.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:57.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:17.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:57.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;"> December 31, 2016</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:17.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;"> December 31, 2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:57.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:27.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Our share of equity recorded on the joint ventures' financial statements</font></p> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:27.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:27.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:19.94%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:27.00pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">119,892&nbsp; </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:27.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:27.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:17.76%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:27.00pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">22,698&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:57.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:39.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Adjustment to reconcile our share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;font-size:5pt;vertical-align:super;line-height:100%">(1)</font></p> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:39.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:39.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:39.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(108,451) </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:39.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:39.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:17.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:39.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(12,382) </td> </tr> <tr> <td valign="bottom" style="width:57.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Investment in Unconsolidated Joint Ventures </font></p> </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:19.94%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">11,441&nbsp; </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:17.76%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">10,316&nbsp; </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;"> (1)&nbsp;&nbsp;Adjustment to reconcile our share of equity recorded on the joint ventures' financial statements to our investment in unconsolidated joint ventures consists of the following:</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt"> <font style="display: inline;color:#000000;font-size:12pt;">&#xFEFF;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;"> <p style="border-bottom:1pt none #D9D9D9 ;color:#000000;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;border-bottom:1pt none #D9D9D9;color:#000000;line-height:100%;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="border-bottom:1pt none #D9D9D9 ;color:#000000;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;"> <font style="display: inline;color:#000000;font-size:10pt;">cumulative impairment of our investment in joint ventures not reflected on the joint ventures' financial statements;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;"> <p style="border-top:1pt none #D9D9D9 ;color:#000000;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;color:#000000;line-height:100%;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="border-top:1pt none #D9D9D9 ;color:#000000;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;"> <font style="display: inline;color:#000000;font-size:10pt;">the difference between our basis in the investment in joint ventures and the equity recorded on the joint ventures' financial statements; and</font></p></td></tr></table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;color:#000000;font-size:10pt;">accumulated amortization of our equity in joint ventures that reflects the difference in our portion of the fair value of joint ventures' assets on the date of our investment when compared to the carrying value of the assets recorded on the joint ventures&#x2019; financial statements (this excess or deficit investment is amortized over the life of the properties, and the amortization is included in Income (Loss) from Unconsolidated Joint Venture Investments on our consolidated statement of operations).</font> </p> <p><font size="1"> </font></p> </div> </div> P1Y P1Y 61348000 184356000 210379000 55103000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <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:50.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:50.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:50.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Year Ended December 31, 2016</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.00pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Hotel </font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.00pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.00pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.00pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.40%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.00pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Revenue</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.00pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.00pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.00pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <br /><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;"> &nbsp;Net Income </font></p> </td> </tr> <tr> <td valign="top" style="width:50.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Sanctuary Beach Resort, Marina, CA</font></p> </td> <td valign="top" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:19.40%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">6,367&nbsp; </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:19.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">933&nbsp; </td> </tr> <tr> <td valign="top" style="width:50.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Hilton Garden Inn M Street, Washington, DC</font></p> </td> <td valign="top" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">13,565&nbsp; </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">3,283&nbsp; </td> </tr> <tr> <td valign="top" style="width:50.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Envoy Hotel, Boston, MA</font></p> </td> <td valign="top" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">8,862&nbsp; </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">1,277&nbsp; </td> </tr> <tr> <td valign="top" style="width:50.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Courtyard, Sunnyvale, CA</font></p> </td> <td valign="top" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">1,768&nbsp; </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">22&nbsp; </td> </tr> <tr> <td valign="top" style="width:50.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">The Ambrose, Santa Monica, CA</font></p> </td> <td valign="top" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">429&nbsp; </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">123&nbsp; </td> </tr> <tr> <td valign="top" style="width:50.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="top" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:50.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Total</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:19.40%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">30,991&nbsp; </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:19.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">5,638&nbsp; </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <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:66.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:66.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:20.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:20.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:20.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:20.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Year Ended December 31, 2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:66.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:36.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Hotel </font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:36.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:36.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:36.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:36.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Revenue</font></p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:36.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:36.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:36.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Net </font><br /><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;"> &nbsp;Income </font></p> </td> </tr> <tr> <td valign="top" style="width:66.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">St. Gregory Hotel, Washington, DC</font></p> </td> <td valign="top" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:12.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">5,257&nbsp; </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">164&nbsp; </td> </tr> <tr> <td valign="top" style="width:66.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">TownePlace Suites, Sunnyvale, CA</font></p> </td> <td valign="top" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">1,744&nbsp; </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">364&nbsp; </td> </tr> <tr> <td valign="top" style="width:66.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Ritz-Carlton Georgetown, DC</font></p> </td> <td valign="top" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">149&nbsp; </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">20&nbsp; </td> </tr> <tr> <td valign="top" style="width:66.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="top" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:66.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Total</font></p> </td> <td valign="top" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:12.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">7,150&nbsp; </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">548&nbsp; </td> </tr> <tr> <td valign="top" style="width:66.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="top" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div> 0.2366 0.0000 0.0000 0.2051 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 7500000 185000000 543500000 62000000 79000000 130500000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Building and Improvements&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7</font><font style="display: inline;font-size:10pt;"> to </font><font style="display: inline;font-size:10pt;">40</font><font style="display: inline;font-size:10pt;"> Years</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Furniture, Fixtures and Equipment</font><font style="display: inline;font-size:10pt;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2</font><font style="display: inline;font-size:10pt;"> to </font><font style="display: inline;font-size:10pt;">7</font><font style="display: inline;font-size:10pt;"> Years</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <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:12.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</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:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:12.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;font-size: 1pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</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:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:12.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</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:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</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:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Dividend Per Share&nbsp;&nbsp; </font></p> </td> </tr> <tr> <td valign="bottom" style="width:12.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Shares Outstanding</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td colspan="4" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Year Ended December 31, </font></p> </td> </tr> <tr> <td valign="bottom" style="width:12.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Series</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.78%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;"> December 31, 2016</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;"> December 31, 2015</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Aggregate Liquidation Preference</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">Distribution Rate</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">2016</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:32.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:9pt;">2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:12.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.78%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</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:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.64%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:12.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Series B</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;"> &nbsp;-</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</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: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">4,600,000&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:14.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">115,000&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">8.000%&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:12.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">0.8722&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">2.0000&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:12.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Series C</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">3,000,000&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</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 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">3,000,000&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:14.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">75,000&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">6.875%&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:12.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">1.7188&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">1.7188&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:12.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Series D</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">7,700,000&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</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: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;"> &nbsp;-</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:14.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">192,500&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">6.500%&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:12.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">1.0157&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;"> &nbsp;-</font></p> </td> </tr> <tr> <td valign="bottom" style="width:12.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Series E</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">4,000,000&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</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 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;"> &nbsp;-</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:14.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">100,000&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">6.500%&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:12.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">0.3069&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;"> &nbsp;-</font></p> </td> </tr> <tr> <td valign="bottom" style="width:12.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Total</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.78%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">14,700,000&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 6pt 0pt 0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.08%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">7,600,000&nbsp; </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <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:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;font-size: 10pt"> <font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:6.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:6.00pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;font-size:9pt;">Hotel</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:9pt;">Acquisition</font><br /><font style="display: inline;font-family:Calibri;font-weight:bold;font-size:9pt;">Date</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:9pt;">Disposition</font><br /><font style="display: inline;font-family:Calibri;font-weight:bold;font-size:9pt;">Date</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:9pt;">Consideration </font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:9pt;">Gain (Loss) on</font><br /><font style="display: inline;font-family:Calibri;font-weight:bold;font-size:9pt;">Disposition</font></p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Cindat Hotel Portfolio (7)</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">April 2005 - </font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">March 2011</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">April 2016</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">543,500&nbsp; </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">89,892&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Hyatt Place, King of Prussia, PA</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">August 2010</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">May 2016</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">13,000&nbsp; </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">5,375&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Hawthorn Suites, Franklin, MA</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">April 2006</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">September 2016</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">8,900&nbsp; </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">(438) </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Residence Inn, Framingham, MA</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">March 2004</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">November 2016</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">25,000&nbsp; </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">11,467&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Residence Inn, Norwood, MA</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">July 2006</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">November 2016</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">22,000&nbsp; </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">9,543&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.25pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">2016 Total</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:14.25pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">115,839&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">Hotel 373</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">June 2007</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">April 2014</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">37,000&nbsp; </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">7,195&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">2014 Total</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;color:#000000;font-family:Calibri;font-size:9pt;text-align:right;" nowrap="nowrap">7,195&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:14.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:28.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <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:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;font-size: 1pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Balance Sheets</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;"> December 31, 2016</font></p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;"> December 31, 2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Assets</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Investment in Hotel Properties, Net</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">647,548&nbsp; </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">105,354&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Other Assets</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">45,576&nbsp; </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">15,558&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Total Assets</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">693,124&nbsp; </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">120,912&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Liabilities and Equity</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Mortgages and Notes Payable</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">432,173&nbsp; </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">113,532&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Other Liabilities</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">36,275&nbsp; </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">30,575&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Equity:</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Hersha Hospitality Trust</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">119,892&nbsp; </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">22,698&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Joint Venture Partner(s)</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">104,784&nbsp; </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(45,893) </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 18pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Total Equity</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">224,676&nbsp; </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(23,195) </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Total Liabilities and Equity</font></p> </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">693,124&nbsp; </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:19.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">120,912&nbsp; </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</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:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;height:5.25pt;font-size: 1pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Statements of Operations</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Twelve Months Ended December 31,</font></p> </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">2016</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">2015</font></p> </td> <td valign="bottom" style="width:00.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">2014</font></p> </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Room Revenue</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">118,645&nbsp; </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">57,927&nbsp; </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">59,135&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Other Revenue</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">24,424&nbsp; </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">22,776&nbsp; </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">21,725&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Operating Expenses</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(80,091) </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(55,178) </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(54,831) </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Lease Expense</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(1,143) </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(1,115) </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(1,063) </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Property Taxes and Insurance</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(9,512) </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(2,948) </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(2,934) </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">General and Administrative</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(8,976) </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(5,609) </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(5,783) </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Depreciation and Amortization</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(13,286) </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(6,549) </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(6,376) </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Interest Expense</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(18,568) </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(6,677) </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(11,995) </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Acquisition Costs</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(1,468) </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;"> &nbsp;-</font></p> </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Other Income</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">2,466&nbsp; </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;"> &nbsp;-</font></p> </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;"> &nbsp;-</font></p> </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Debt Extinguishment and Gain on Debt Forgiveness</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;"> &nbsp;-</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;"> &nbsp;-</font></p> </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">3,016&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">(Loss) Gain allocated to Noncontrolling Interests</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(46) </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(341) </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">115&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:49.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;"> &nbsp;&nbsp;Net Income</font></p> </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:16.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">12,445&nbsp; </td> <td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:16.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">2,286&nbsp; </td> <td valign="bottom" style="width:00.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">1,009&nbsp; </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div> 0.5 1.00 0.33 0.5 0.333 0.33 0.33 1.00 0.33 0.50 0.50 0.25 0.25 0.25 0.5 0.25 0.50 0.25 0.50 0.25 0.375 0.25 0.375 <div> <div style="margin-left:0pt;margin-right:0pt;"> <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:32.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:32.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:10pt;">As Reported in the</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:10pt;">Reclassification</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:10pt;">As Reported in the</font></p> </td> </tr> <tr> <td valign="bottom" style="width:32.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;font-size:10pt;">Balance Sheet Caption</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:10pt;">2015 Form 10-K</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:10pt;">Amount</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;font-size:10pt;">2016 Form 10-K</font></p> </td> </tr> <tr> <td valign="bottom" style="width:32.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Assets:</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:17.25pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:32.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Deferred Financing Costs, Net</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">8,971&nbsp; </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(8,971) </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;"> &nbsp;-</font></p> </td> </tr> <tr> <td valign="bottom" style="width:32.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Other Assets</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">38,110&nbsp; </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">1,848&nbsp; </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">39,958&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:32.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Total Assets</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">1,969,772&nbsp; </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(7,123) </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">1,962,649&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:32.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Liabilities:</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:32.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Unsecured Term Loan</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">550,000&nbsp; </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(2,220) </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">547,780&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:32.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Unsecured Notes Payable</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">51,548&nbsp; </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(1,023) </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">50,525&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:32.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Mortgages Payable</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">548,539&nbsp; </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(3,880) </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">544,659&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:32.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Total Liabilities</font></p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">1,261,617&nbsp; </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">(7,123) </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:17.25pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">1,254,494&nbsp; </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <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:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;font-size: 1pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Holiday Inn Express, Cambridge, MA</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Hampton Inn, Washington, DC</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Hyatt House White Plains, NY</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Nu Hotel, Brooklyn, NY</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Hyatt House Gaithersburg, MD</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- The Rittenhouse Hotel, Philadelphia, PA</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Sheraton, Wilmington South, DE</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- The Boxer, Boston, MA</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Sheraton Hotel, JFK Airport, New York, NY</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Courtyard, San Diego, CA</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Winter Haven, Miami, FL</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Residence Inn, Coconut Grove, FL</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Hampton Inn, Pearl Street, NY</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Blue Moon, Miami, FL</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Residence Inn, Greenbelt, MD</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Parrot Key Resort, Key West, FL</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Courtyard, Miami, FL</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Courtyard, Brookline, MA</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Residence Inn, Tyson's Corner, VA</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- TownePlace Suites, Sunnyvale, CA</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Ritz Carlton, Washington, DC</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Hilton Garden Inn, M Street, Washington, DC</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Hampton Inn, Philadelphia, PA</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Courtyard, Alexandria, VA</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Hampton Inn, Seaport, NY</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Holiday Inn Express, 29th Street, NY</font></p> </td> </tr> <tr> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Envoy Hotel, Boston, MA</font></p> </td> <td valign="bottom" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">- Holiday Inn Express Chester, NY</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <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:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">2016</font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">2015</font></p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">2014</font></p> </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Preferred Shares - 8% Series B</font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Ordinary income </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">100.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">100.00%&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">100.00%&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Return of Capital </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Capital Gain Distribution </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Preferred Shares - 6.875% Series C</font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Ordinary income </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">100.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">100.00%&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">100.00%&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Return of Capital </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Capital Gain Distribution </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Preferred Shares - 6.5% Series D</font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Ordinary income </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">100.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">N/A</font></p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">N/A</font></p> </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Return of Capital </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">N/A</font></p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">N/A</font></p> </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Capital Gain Distribution </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">N/A</font></p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">N/A</font></p> </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">Common Shares - Class A</font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Ordinary income </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">100.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">79.49%&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">76.34%&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Return of Capital </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">20.51%&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">23.66%&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:44.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">Capital Gain Distribution </font></p> </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:16.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap">0.00%&nbsp; </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div> P5Y P20Y P10Y 4430000 52509000 0 0.958 0.950 0.936 14105000 12239000 6045000 6194000 35000000 55750000 8973000 44325000 150000000 150000000 50000000 150000000 100000000 59226000 65106000 9465000 8769000 408274000 364831000 -466000 1373000 1086259000 1198311000 5397000 5397000 5397000 5864000 4437000 1427000 4437000 1427000 7388000 5971000 1417000 5971000 1417000 6028000 4083000 457000 598000 71000 200000 399000 220000 6523000 4490000 434000 818000 59000 174000 455000 93000 8048000 4800000 535000 1869000 61000 130000 541000 112000 12000 91000 2768000 2650000 2632000 1979000 1492000 2022000 1727750 1907209 2209496 1800000 1962649000 -7123000 1969772000 2155536000 2007-06-01 2015-12-29 2015-06-16 2015-08-25 2016-12-01 2016-10-20 2016-07-21 2006-04-01 2016-03-09 2010-08-01 2004-03-01 2006-07-01 2016-01-28 2011-03-01 2005-04-01 0.62 2.35 0.61 2.32 <div> <div style="margin-left:0pt;margin-right:0pt;"> <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:61.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:61.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;font-size: 9pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:5.25pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;height:5.25pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:61.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:8pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td colspan="4" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 8pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">Years Ended December 31,</font></p> </td> </tr> <tr> <td valign="bottom" style="width:61.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:8pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 8pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 8pt"> <font style="display: inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:61.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:8pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:8pt;">Pro Forma Total Revenues</font></p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 8pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:14.78%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap">493,791&nbsp; </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;font-size: 8pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:14.78%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap">551,584&nbsp; </td> </tr> <tr> <td valign="bottom" style="width:61.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:8pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:14.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:61.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt"> <font style="display: inline;font-family:Calibri;color:#000000;font-size:8pt;">&#xFEFF;</font><font style="display: inline;font-family:Calibri;color:#000000;font-size:8pt;">Pro Forma Income from Continuing Operations </font></p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom