0001527541-16-000268.txt : 20160505 0001527541-16-000268.hdr.sgml : 20160505 20160505153626 ACCESSION NUMBER: 0001527541-16-000268 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 57 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160505 DATE AS OF CHANGE: 20160505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wheeler Real Estate Investment Trust, Inc. CENTRAL INDEX KEY: 0001527541 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 452681082 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35713 FILM NUMBER: 161623392 BUSINESS ADDRESS: STREET 1: RIVERSEDGE NORTH STREET 2: 2529 VIRGINIA BEACH BLVD., SUITE 200 CITY: VIRGINIA BEACH STATE: VA ZIP: 23452 BUSINESS PHONE: 757-627-9088 MAIL ADDRESS: STREET 1: RIVERSEDGE NORTH STREET 2: 2529 VIRGINIA BEACH BLVD., SUITE 200 CITY: VIRGINIA BEACH STATE: VA ZIP: 23452 10-Q 1 a3312016whlr10-q.htm 10-Q MARCH 31, 2016 10-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
 
FORM 10-Q
 
 
 
(Mark One)
ý    QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2016
OR
 ¨    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission file number 001-35713
 
WHEELER REAL ESTATE INVESTMENT TRUST, INC.
(Exact Name of Registrant as Specified in Its Charter) 
Maryland
 
45-2681082
(State or Other Jurisdiction of
Incorporation or Organization)
 
(I.R.S. Employer
Identification No.)
 
 
 
2529 Virginia Beach Blvd., Suite 200
Virginia Beach. Virginia
 
23452
(Address of Principal Executive Offices)
 
(Zip Code)
 (757) 627-9088
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)
 
 
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ý    No  ¨
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  ý    No  ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer
 
¨
  
Accelerated filer
 
ý
 
 
 
 
Non-accelerated filer
 
¨  (do not check if a smaller reporting company)
  
Smaller reporting company
 
¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  ý
As of May 4, 2016, there were 66,403,669 common shares, $0.01 par value per share, outstanding.

1

Wheeler Real Estate Investment Trust, Inc. and Subsidiaries 
 
 
Page
PART I – FINANCIAL INFORMATION
 
 
 
 
Item 1.
Financial Statements
 
 
 
 
 
 
 
 
 
Item 2.
Item 3.
Item 4.
 
 
PART II – OTHER INFORMATION
 
 
 
 
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.
 

2

Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

 
March 31, 2016
 
December 31, 2015
 
(unaudited)
 
 
ASSETS:
 
 
 
Investment properties, net
$
237,543,972

 
$
238,764,631

Cash and cash equivalents
7,029,642

 
10,706,185

Restricted cash
7,180,925

 
7,364,375

Rents and other tenant receivables, net
3,060,825

 
3,452,700

Goodwill
5,485,823

 
5,485,823

Assets held for sale
1,682,526

 
1,692,473

Above market lease intangible, net
5,981,123

 
6,517,529

Deferred costs and other assets, net
33,982,124

 
35,259,526

Total Assets
$
301,946,960

 
$
309,243,242

LIABILITIES:
 
 
 
Loans payable
$
184,970,426

 
$
184,629,082

Liabilities associated with assets held for sale
1,981,136

 
1,992,318

Below market lease intangible, net
7,256,541

 
7,721,335

Accounts payable, accrued expenses and other liabilities
6,522,190

 
7,533,769

Total Liabilities
200,730,293

 
201,876,504

Commitments and contingencies


 


 
 
 
 
EQUITY:
 
 
 
Series A preferred stock (no par value, 4,500 shares authorized, 562 shares issued and outstanding, respectively)
452,971

 
452,971

Series B convertible preferred stock (no par value, 3,000,000 shares authorized,
729,119 shares issued and outstanding, respectively)
17,173,672

 
17,085,147

Common stock ($0.01 par value, 150,000,000 and 75,000,000 shares authorized, 66,314,380 and 66,259,673 shares issued and outstanding, respectively)
663,143

 
662,596

Additional paid-in capital
220,171,165

 
220,370,984

Accumulated deficit
(147,526,640
)
 
(140,306,846
)
Total Shareholders’ Equity
90,934,311

 
98,264,852

Noncontrolling interests
10,282,356

 
9,101,886

Total Equity
101,216,667

 
107,366,738

Total Liabilities and Equity
$
301,946,960

 
$
309,243,242

See accompanying notes to condensed consolidated financial statements.


3

Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited)
 
 
Three Months Ended March 31,
 
2016
 
2015
REVENUE:
 
 
 
Rental revenues
$
6,742,193

 
$
3,789,277

Asset management fees
254,891

 
212,298

Commissions
152,846

 
108,893

Tenant reimbursements and other revenues
1,988,732

 
1,043,284

Total Revenue
9,138,662

 
5,153,752

OPERATING EXPENSES:
 
 
 
Property operations
2,675,025

 
1,553,674

Non-REIT management and leasing services
377,408

 
369,775

Depreciation and amortization
4,880,087

 
3,000,978

Provision for credit losses
87,526

 
47,198

Corporate general & administrative
2,281,108

 
2,308,964

Total Operating Expenses
10,301,154

 
7,280,589

Operating Loss
(1,162,492
)
 
(2,126,837
)
Interest expense
(2,419,815
)
 
(2,142,719
)
Net Loss from Continuing Operations
(3,582,307
)
 
(4,269,556
)
Net Income from Discontinued Operations
20,525

 
46,367

Net Loss
(3,561,782
)
 
(4,223,189
)
Less: Net loss attributable to noncontrolling interests
(332,876
)
 
(462,376
)
Net Loss Attributable to Wheeler REIT
(3,228,906
)
 
(3,760,813
)
Preferred stock dividends
(511,300
)
 
(2,502,223
)
Net Loss Attributable to Wheeler REIT Common
Shareholders
$
(3,740,206
)
 
$
(6,263,036
)
 
 
 
 
Loss per share from continuing operations (basic and diluted):
$
(0.06
)
 
$
(0.81
)
Income per share from discontinued operations:
—

 
0.01

 
$
(0.06
)
 
$
(0.80
)
Weighted-average number of shares:
 
 
 
Basic and Diluted
66,272,926

 
7,806,467

 
 
 
 
Dividends declared per common share
$
0.05

 
$
0.09

See accompanying notes to condensed consolidated financial statements.


4

Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Condensed Consolidated Statement of Equity
 (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Series A
 
Series B
 
 
 
 
 
 
 
 
 
Noncontrolling
 
 
 
Preferred Stock
 
Preferred Stock
 
Common Stock
 
Additional
Paid-in Capital
 
Accumulated Deficit
 
Total
Shareholders’ Equity
 
Interests
 
Total
 
Shares
 
Value
 
Shares
 
Value
 
Shares
 
Value
 
 
 
 
Units
 
Value
 
Equity
Balance,
December 31, 2015
562

 
$
452,971

 
729,119

 
$
17,085,147

 
66,259,673

 
$
662,596

 
$
220,370,984

 
$
(140,306,846
)
 
$
98,264,852

 
4,055,292

 
$
9,101,886

 
$
107,366,738

Accretion of
Series B preferred stock discount
—

 
—

 
—

 
88,525

 
—

 
—

 
—

 
—

 
88,525

 
—

 
—

 
88,525

Issuance of
common stock under Share Incentive Plan
—

 
—

 
—

 
—

 
54,707

 
547

 
69,453

 
—

 
70,000

 
—

 
—

 
70,000

Noncontrolling
interest
investments
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
807,727

 
1,499,383

 
1,499,383

Adjustment for
noncontrolling interest in operating partnership
—

 
—

 
—

 
—

 
—

 
—

 
(269,272
)
 
—

 
(269,272
)
 
—

 
269,272

 
—

Dividends and
distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(3,990,888
)
 
(3,990,888
)
 
—

 
(255,309
)
 
(4,246,197
)
Net loss
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(3,228,906
)
 
(3,228,906
)
 
—

 
(332,876
)
 
(3,561,782
)
Balance,
March 31, 2016 (Unaudited)
562

 
$
452,971

 
729,119

 
$
17,173,672

 
66,314,380

 
$
663,143

 
$
220,171,165

 
$
(147,526,640
)
 
$
90,934,311

 
4,863,019

 
$
10,282,356

 
$
101,216,667

See accompanying notes to condensed consolidated financial statements.

5

Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Unaudited)
 
 
For the Three Months Ended
March 31,
 
2016
 
2015
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
Net loss
$
(3,561,782
)
 
$
(4,223,189
)
Adjustments to reconcile consolidated net loss to net cash from operating activities
 
 
 
Depreciation
1,733,107

 
969,492

Amortization
3,146,980

 
2,031,486

Loan cost amortization
189,542

 
441,392

Above (below) market lease amortization
71,612

 
197,215

Share-based compensation
70,000

 
45,000

Provision for credit losses
87,526

 
47,198

Changes in assets and liabilities, net of acquisitions
 
 
 
Rent and other tenant receivables, net
322,899

 
304,487

Unbilled rent
(8,405
)
 
(55,322
)
Cash restricted for operating property reserves
146,307

 
234,902

Deferred costs and other assets, net
(1,869,578
)
 
(4,864,905
)
Accounts payable, accrued expenses and other liabilities
329,569

 
262,342

Net operating cash flows provided by discontinued operations
4,034

 
265,466

Net cash from (used in) operating activities
661,811

 
(4,344,436
)
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
Investment property acquisitions
—

 
(5,449,388
)
Capital expenditures
(369,306
)
 
(10,600
)
Decrease (increase) in capital property reserves
37,143

 
(294,541
)
Net investing cash flows from discontinued operations
—

 
914,388

Net cash used in investing activities
(332,163
)
 
(4,840,141
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
Payments for deferred financing costs
(96,552
)
 
(331,858
)
Dividends and distributions paid
(4,142,579
)
 
(2,150,223
)
Proceeds from sales of preferred stock, net of expenses
—

 
83,672,828

Net payments to related parties
(10,145
)
 
(431,540
)
Loan proceeds
3,000,000

 
—

Loan principal payments
(2,751,646
)
 
(567,492
)
Net financing cash flows used in discontinued operations
(5,269
)
 
(18,560
)
Net cash (used in) from financing activities
(4,006,191
)
 
80,173,155

(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
(3,676,543
)
 
70,988,578

CASH AND CASH EQUIVALENTS, beginning of period
10,706,185

 
9,969,748

CASH AND CASH EQUIVALENTS, end of period
$
7,029,642

 
$
80,958,326

Supplemental Disclosures:
 
 
 
Non-Cash Transactions:
 
 
 
Debt incurred for acquisitions
$
—

 
$
9,800,000

Noncontrolling interests resulting from the issuance of common units
$
1,499,383

 
$
—

Conversion of senior convertible debt into Series C preferred stock
$
—

 
$
3,000,000

Accretion of preferred stock discounts
$
88,525

 
$
1,211,202

Other Cash Transactions:
 
 
 
Cash paid for interest
$
2,262,379

 
$
1,877,966

See accompanying notes to condensed consolidated financial statements.

6

Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements
(Unaudited)

1. Organization and Basis of Presentation and Consolidation
Wheeler Real Estate Investment Trust, Inc. (the “Trust” or “REIT”) is a Maryland corporation formed on June 23, 2011. The Trust serves as the general partner of Wheeler REIT, L.P. (the “Operating Partnership”), which was formed as a Virginia limited partnership on April 5, 2012. As of March 31, 2016, the Trust, through the Operating Partnership, owned and operated forty-two centers, one office building, and ten undeveloped properties in Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Oklahoma, Tennessee, Kentucky, New Jersey and West Virginia. Accordingly, the use of the word “Company” refers to the Trust and its consolidated subsidiaries, except where the context otherwise requires.
On October 24, 2014, the Trust, through the Operating Partnership, acquired (i) Wheeler Interests, LLC (“WI”), an acquisition and asset management firm, (ii) Wheeler Real Estate, LLC (“WRE”), a real estate leasing, management and administration firm and (iii) WHLR Management, LLC (“WM” and collectively with WI and WRE the “Operating Companies”), a real estate business operations firm, from Jon S. Wheeler, the Company's Chairman and CEO, resulting in the Company becoming an internally-managed REIT. Accordingly, the responsibility for identifying targeted real estate investments, the handling of the disposition of real estate investments our board of directors chooses to sell, administering our day-to-day business operations, including but not limited to, leasing, property management, payroll and accounting functions, acquisitions, asset management and administration are now handled internally.

Prior to being acquired by the Company, the Operating Companies served as the external manager for the Company and its properties (the “REIT Properties”) and performed property management and leasing functions for certain related and non-related third parties (the “Non-REIT Properties”). The Company will continue to perform these services for the Non-REIT Properties through the Operating Companies, primarily through WRE. Accordingly, the Company converted WRE to a Taxable REIT Subsidiary (“TRS”) to accommodate serving the Non-REIT Properties since applicable REIT regulations consider the income derived from these services to be “bad” income subject to taxation. The regulations allow for costs incurred by the Company commensurate with the services performed for the Non-REIT Properties to be allocated to a TRS.

During January 2014, the Company acquired Wheeler Development, LLC (“WD”) and converted it to a TRS. The Company began performing development activities for both REIT Properties and Non-REIT Properties during 2015.

The condensed consolidated financial statements included in this Quarterly Report on Form 10-Q (the “Form 10-Q”) are unaudited and the results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for future periods or the year. However, amounts presented in the condensed consolidated balance sheet as of December 31, 2015 are derived from the Company’s audited consolidated financial statements as of that date, but do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. The Company prepared the accompanying condensed consolidated financial statements in accordance with GAAP for interim financial statements. All material balances and transactions between the consolidated entities of the Company have been eliminated. You should read these condensed consolidated financial statements in conjunction with our 2015 Annual Report filed on Form 10-K for the year ended December 31, 2015 (the “2015 Form 10-K”).

2. Summary of Significant Accounting Policies
Investment Properties
    
The Company records investment properties and related intangibles at cost or fair value upon acquisition less accumulated depreciation and amortization. Investment properties include both acquired and constructed assets. Improvements and major repairs and maintenance are capitalized when the repair and maintenance substantially extends the useful life, increases capacity or improves the efficiency of the asset. All other repair and maintenance costs are expensed as incurred. The Company capitalizes interest on projects during periods of construction until the projects reach the completion point that corresponds with their intended purpose.
    
The Company allocates the purchase price of acquisitions to the various components of the asset based upon the fair value of each component which may be derived from various observable or unobservable inputs and assumptions. Also, the Company may utilize third party valuation specialists. These components typically include buildings, land and any intangible assets related to out-of-market leases, tenant relationships and in-place leases the Company determines to exist. The Company

7
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)
2. Summary of Significant Accounting Policies (continued)

determines fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known trends and specific market and economic conditions that may affect the property. Factors considered by management in the analysis of determining the as-if-vacant property value include an estimate of carrying costs during the expected lease-up periods considering market conditions, and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and estimates of lost rentals at market rates during the expected lease-up periods, tenant demand and other economic conditions. Management also estimates costs to execute similar leases including leasing commissions, tenant improvements, legal and other related expenses. Intangibles related to out-of-market leases, tenant relationships and in-place lease value are recorded as acquired lease intangibles and are amortized as an adjustment to rental revenue or amortization expense, as appropriate, over the remaining terms of the underlying leases. Premiums or discounts on acquired out-of-market debt are amortized to interest expense over the remaining term of such debt.
    
The Company records depreciation on buildings and improvements utilizing the straight-line method over the estimated useful life of the asset, generally 5 to 40 years. The Company reviews depreciable lives of investment properties periodically and makes adjustments to reflect a shorter economic life, when necessary. Tenant allowances, tenant inducements and tenant improvements are amortized utilizing the straight-line method over the term of the related lease or occupancy term of the tenant, if shorter.
 
Amounts allocated to buildings are depreciated over the estimated remaining life of the acquired building or related improvements. The Company amortizes amounts allocated to tenant improvements, in-place lease assets and other lease-related intangibles over the remaining life of the underlying leases. The Company also estimates the value of other acquired intangible assets, if any, and amortizes them over the remaining life of the underlying related intangibles.
    
The Company reviews investment properties for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of investment properties may not be recoverable, but at least annually. These circumstances include, but are not limited to, declines in the property’s cash flows, occupancy and fair market value. The Company measures any impairment of investment property when the estimated undiscounted operating income before depreciation and amortization, plus its residual value, is less than the carrying value of the property. To the extent impairment has occurred, the Company charges to income the excess of the carrying value of the property over its estimated fair value. The Company estimates fair value using unobservable data such as operating income, estimated capitalization rates, or multiples, leasing prospects and local market information. The Company may decide to sell properties that are held for use and the sale prices of these properties may differ from their carrying values. The Company did not record any impairment adjustments to its properties during the quarters ended March 31, 2016 and 2015.

Cash and Cash Equivalents
    
The Company considers all highly liquid investments purchased with an original maturity of 90 days or less or investments easily converted into known amounts of cash to be cash and cash equivalents without a significant cost to the Company. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents consist primarily of bank operating accounts and money markets. Financial instruments that potentially subject the Company to concentrations of credit risk include its cash and cash equivalents and its trade accounts receivable. The Company places its cash and cash equivalents with institutions of high credit quality.
    
The Company places its cash and cash equivalents on deposit with financial institutions in the United States and the amounts are insured by the Federal Deposit Insurance Company (“FDIC”) up to $250,000. As of March 31, 2016 and December 31, 2015, the Company had cash balances of $3.92 million and $6.99 million, respectively, that exceeded the FDIC coverage, but management believes that the risk of loss is minimal.

Restricted Cash

Restricted cash represents amounts held by lenders for real estate taxes, insurance and reserves for capital improvements. The Company presents changes in cash restricted for real estate taxes and insurance as operating activities in the condensed consolidated statement of cash flows. The Company presents changes in cash restricted for capital improvements as investing activities in the condensed consolidated statement of cash flows.


8
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)
2. Summary of Significant Accounting Policies (continued)



Tenant Receivables and Unbilled Rent
Tenant receivables include base rents, tenant reimbursements and receivables attributable to recording rents on a straight-line basis. The Company determines an allowance for the uncollectible portion of accrued rents and accounts receivable based upon customer credit-worthiness (including expected recovery of a claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends. The Company considers a receivable past due once it becomes delinquent per the terms of the lease. The Company’s standard lease form considers a rent charge past due after five days. A past due receivable triggers certain events such as notices, fees and other allowable and required actions per the lease. As of March 31, 2016 and December 31, 2015, the Company’s allowance for uncollectible accounts totaled $391,300 and $411,394, respectively. During the three months ended March 31, 2016 and 2015, the Company recorded bad debt expenses in the amount of $87,526 and $47,198, respectively, related to tenant receivables that were specifically identified as potentially uncollectible based on an assessment of the tenant’s credit-worthiness. During the three months ended March 31, 2016 and 2015, the Company did not realize any recoveries related to tenant receivables previously written off.

Above and Below Market Lease Intangibles, net

The Company determines the above and below market lease intangibles upon acquiring a property. Above and below market lease intangibles are amortized over the life of the respective leases. Amortization of above and below market lease intangibles is recorded as a component of rental revenues.
    
Deferred Costs and Other Assets, net
The Company’s deferred costs and other assets consist primarily of leasing commissions, capitalized legal and marketing costs and tenant relationship intangibles associated with acquisitions. The Company’s lease origination costs consist primarily of the portion of property acquisitions allocated to lease originations and commissions paid in connection with lease originations.
Details of these deferred costs, net of amortization, and other assets are as follows:
 
March 31, 2016
 
December 31, 2015
 
(unaudited)
 
 
Lease origination costs, net
$
1,307,099

 
$
1,376,652

Leases in place, net
17,394,320

 
19,091,917

Deposits
3,487,568

 
2,012,996

Legal and marketing costs, net
121,676

 
129,325

Tenant relationships, net
10,718,892

 
12,060,172

Other
952,569

 
588,464

Total Deferred Costs and Other Assets, net
$
33,982,124

 
$
35,259,526


9
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)
2. Summary of Significant Accounting Policies (continued)

Amortization of lease origination costs, leases in place and legal and marketing costs represents a component of depreciation and amortization expense. As of March 31, 2016 and December 31, 2015, the Company’s intangible accumulated amortization totaled $19,469,800 and $16,595,092, respectively. During the three months ended March 31, 2016 and 2015, the Company’s intangible amortization expense totaled $3,146,980 and $2,031,486, respectively. Future amortization of lease origination costs, leases in place, legal and marketing costs and tenant relationships is as follows:
For the Periods Ending March 31,
Lease
Origination
Costs
 
Leases In
Place
 
Legal &
Marketing
Costs
 
Tenant
Relationships
2017
$
336,589

 
$
5,360,218

 
$
21,340

 
$
3,788,056

2018
282,219

 
4,182,980

 
24,131

 
2,771,963

2019
191,515

 
2,789,159

 
18,976

 
1,773,020

2020
133,743

 
1,849,525

 
15,291

 
1,095,676

2021
97,645

 
1,040,871

 
11,541

 
554,749

Thereafter
265,388

 
2,171,567

 
30,397

 
735,428

 
$
1,307,099

 
$
17,394,320

 
$
121,676

 
$
10,718,892

Revenue Recognition
    
The Company retains substantially all of the risks and benefits of ownership of the investment properties and accounts for its leases as operating leases. The Company accrues minimum rents on a straight-line basis over the terms of the respective leases which results in an unbilled rent asset or deferred rent liability being recorded on the balance sheet. Additionally, certain of the lease agreements contain provisions that grant additional rents based on tenants’ sales volumes (contingent or percentage rent). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. During the three months ended March 31, 2016 and 2015, the Company recognized percentage rents of $70,228 and $26,211, respectively.
    
The Company’s leases generally require the tenant to reimburse the Company for a substantial portion of its expenses incurred in operating, maintaining, repairing, insuring and managing the shopping center and common areas (collectively defined as Common Area Maintenance or “CAM” expenses). The Company includes these reimbursements, along with other revenue derived from late fees and seasonal events, under the Condensed Consolidated Statements of Operations caption "Tenant reimbursements and other income." This significantly reduces the Company’s exposure to increases in costs and operating expenses resulting from inflation or other outside factors. The Company accrues reimbursements from tenants for recoverable portions of all these expenses as revenue in the period the applicable expenditures are incurred. The Company calculates the tenant’s share of operating costs by multiplying the total amount of the operating costs by a fraction, the numerator of which is the total number of square feet being leased by the tenant, and the denominator of which is the average total square footage of all leasable buildings at the property. The Company also receives escrow payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes differences between estimated recoveries and the final billed amounts in the subsequent year. These differences were not material for the quarters ended March 31, 2016 and 2015.

The Company recognizes lease termination fees in the period that the lease is terminated and collection of the fees is reasonably assured. Upon early lease termination, the Company provides for losses related to unrecovered intangibles and other assets. During the three months ended March 31, 2016 and 2015, the Company recognized lease termination fees of $25,674 and $0, respectively.

10
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)
2. Summary of Significant Accounting Policies (continued)


Income Taxes
The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification. In order to maintain this REIT status, the regulations require the Company to distribute at least 90% of its taxable income to shareholders and meet certain other asset and income tests, as well as other requirements. Thus, the Company made no provision for federal income taxes for the REIT in the accompanying condensed consolidated financial statements. If the Company fails to qualify as a REIT, it will be subject to tax at regular corporate rates for the years in which it failed to qualify. If the Company loses its REIT status, it could not elect to be taxed as a REIT for five years unless the Company’s failure to qualify was due to a reasonable cause and certain other conditions were satisfied. As the REIT was formed in November 2012, it is subject to examination by the Internal Revenue Service and state tax authorities from the date of formation.
Taxable REIT Subsidiary Cost Allocation

The Company’s overall philosophy regarding cost allocation centers around the premise that the Trust exists to acquire, lease and manage properties for the benefit of its investors. Accordingly, a majority of the Company’s operations occur at the property level. Each property must carry its own weight by absorbing the costs associated with generating its revenues. Additionally, leases generally allow the Company to pass through to the tenant most of the costs involved in operating the property, including, but not limited to, the direct costs associated with owning and maintaining the property (landscaping, repairs and maintenance, taxes, insurance, etc.), property management and certain administrative costs.

Service vendors bill the majority of the direct costs of operating the properties directly to the REIT Properties and Non-REIT Properties and each property pays them accordingly. The Non-REIT Properties pay WRE property management and/or asset management fees of 3% and 2% of collected revenues, respectively. The Non-REIT Properties also pay WRE leasing commissions based on the total contractual revenues to be generated under the new/renewed lease agreement (6% for new leases and 3% for renewals).

Compensation and benefits paid to employees of the Company represent the largest component of costs incurred to acquire, manage, lease and administer the properties. The Company believes that every employee position exists to either directly or indirectly to perform these functions. Therefore, the Company allocates compensation and benefits to the various functions of the Company based on an estimate of how each employee spends their time. The Company allocates actual costs attributed to property management costs to the TRS on a pro rata basis based on total property revenues generated by the Non-REIT Properties. The Company allocates actual leasing costs to the TRS on a pro rata basis based on total leasing commissions generated by the Non-REIT Properties. Currently, the TRS does not acquire properties for third parties so the Company does not allocate acquisition related costs to the TRS.
    
Financial Instruments
    
The carrying amount of financial instruments included in assets and liabilities approximates fair market value due to their immediate or short-term maturity.

Use of Estimates
The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported periods. The Company’s actual results could differ from these estimates.

Advertising Costs
    
The Company expenses advertising and promotion costs as incurred. The Company incurred advertising and promotion costs of $62,086 and $45,172 for the three months ended ended March 31, 2016 and 2015, respectively.


11
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)
2. Summary of Significant Accounting Policies (continued)

Assets Held For Sale

The Company records assets as held for sale when management has committed to a plan to sell the assets, actively seeks a buyer for the assets, and the consummation of the sale is considered probable and is expected within one year.

Corporate General and Administrative Expense
    
A detail for the "corporate general & administrative" line item from the Condensed Consolidated Statements of Operations is presented below:
 
 
Three Months Ended
March 31,
 
 
2016
 
2015
 
 
(unaudited)
Acquisition and development costs
 
$
413,310

 
$
653,242

Professional fees
 
378,196

 
388,233

Compensation and benefits
 
965,929

 
655,817

Corporate administration
 
234,929

 
273,033

Equity, debt and refinancing costs
 
62,169

 
—

Travel
 
136,176

 
203,341

Advertising
 
62,086

 
45,172

Taxes and licenses
 
28,313

 
90,126

Total
 
$
2,281,108

 
$
2,308,964

Noncontrolling Interests
Noncontrolling interests is the portion of equity in the Operating Partnership not attributable to the Trust. The ownership interests not held by the parent are considered noncontrolling interests. Accordingly, noncontrolling interests have been reported in equity on the condensed consolidated balance sheets but separate from the Company’s equity. On the condensed consolidated statements of operations, the subsidiaries are reported at the consolidated amount, including both the amount attributable to the Company and noncontrolling interests. Consolidated statements of changes in equity include beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity.
    
The noncontrolling interest of the Operating Partnership common unit holders is calculated by multiplying the noncontrolling interest ownership percentage at the balance sheet date by the Operating Partnership’s net assets (total assets less total liabilities). The noncontrolling interest percentage is calculated at any point in time by dividing the number of units not owned by the Company by the total number of units outstanding. The noncontrolling interest ownership percentage will change as additional units are issued or as units are exchanged for the Company’s Common Stock. In accordance with GAAP, any changes in the value from period to period are charged to additional paid-in capital.

Recent Accounting Pronouncements
In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which supersedes the revenue recognition requirements of Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition” and most industry-specific guidance on revenue recognition throughout the ASC. The new standard is principles based and provides a five step model to determine when and how revenue is recognized. The core principle of the new standard is that revenue should be recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also requires disclosure of qualitative and quantitative information surrounding the amount, nature, timing and uncertainty of revenues and cash flows arising from contracts with customers. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU

12
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)
2. Summary of Significant Accounting Policies (continued)

2016-10, "Revenue from contracts with customers (Topic 606): Identifying Performance Obligations and Licensing," which provides further guidance on identifying performance obligations and intellectual property licensing implementation. Companies are permitted to adopt the ASUs as early as fiscal years beginning after December 15, 2016, but the adoption is required for fiscal years beginning after December 15, 2017. These new standards will be effective for the Company in the first quarter of the year ended December 31, 2018 and can be applied either retrospectively to all periods presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact of adoption of the new standard on its consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, "Presentation of Financial Statements - Going Concern (Subtopic 205-40)." This ASU defines management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern and provides guidance on required financial statement footnote disclosures. This ASU is effective for annual periods ending after December 15, 2016. The Company will adopt this ASU as of December 31, 2016 and use its guidance when evaluating whether there is substantial doubt about the Company's ability to continue as a going concern.
    
In April 2015, the FASB issued ASU 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs." This new guidance requires the presentation of unamortized debt issuance costs to be shown in the liabilities section of the consolidated balance sheets as a reduction of the principal amount of the associated debt, rather than as an asset. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a retrospective approach by restating prior period comparative consolidated balance sheets. The Company adopted the ASU effective January 1, 2016 and applied it on a retrospective basis for all debt issuance costs, including those pertaining to the Company’s revolving credit facility. As a result, unamortized debt issuance costs of $4.71 million as of December 31, 2015 have been reclassified from other assets and presented as a deduction of indebtedness in the consolidated balance sheet.

In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." This new guidance requires that the acquirer recognizes adjustments to preliminary acquisition values and account for the cumulative effect of any required adjustments in the period in which they are determined. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a prospective approach for adjustments that occur after the effective date. The Company adopted the ASU effective January 1, 2016.

In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 is intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The ASU will require organizations that lease assets referred to as “Lessees” to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. An organization is to provide disclosures designed to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements concerning additional information about the amounts recorded in the financial statements. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP which requires only capital leases to be recognized on the balance sheet the new ASU will require both types of leases (i.e. operating and capital) to be recognized on the balance sheet. The FASB lessee accounting model will continue to account for both types of leases. The capital lease will be accounted for in substantially the same manner as capital leases are accounted for under existing GAAP. The operating lease will be accounted for in a manner similar to operating leases under existing GAAP, except that lessees will recognize a lease liability and a lease asset for all of those leases. The leasing standard will be effective for calendar year-end public companies beginning after December 15, 2018.  Public companies will be required to adopt the new leasing standard for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption will be permitted for all companies and organizations upon issuance of the standard. For calendar year-end public companies, this means an adoption date of January 1, 2019 and retrospective application to previously issued annual and interim financial statements for 2018 and 2017. Lessees with a large portfolio of leases are likely to see a significant increase in balance sheet assets and liabilities. See Note 8 for the Company’s current lease commitments. The Company is currently evaluating the impact of ASU 2016-02 on its financial statements.


13
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)
2. Summary of Significant Accounting Policies (continued)

In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718):  Improvements to Employee Share-Based Payment Accounting.” This ASU simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows.  This ASU is effective for annual periods beginning after December 15, 2016 and early adoption is permitted.  The new standard can be applied using either a prospective transition method or a retrospective transition method. The Company will adopt this ASU in 2017 and does not expect the adoption of this ASU to materially impact its financial position or results of operations.

Other accounting standards that have been issued or proposed by the FASB or other standard-setting bodies are not currently applicable to the Company or are not expected to have a significant impact on the Company’s financial position, results of operations and cash flows.

Reclassifications
    
Certain reclassifications have been made to prior period amounts to make their presentation comparable with the current period. These reclassifications had no impact on net income.

3. Investment Properties
Investment properties consist of the following:
 
March 31, 2016
 
December 31, 2015
 
(unaudited)
 
 
Land
$
50,777,143

 
$
50,777,143

Land held for improvement
12,359,346

 
12,353,963

Buildings and improvements
188,818,862

 
188,338,469

Investment properties at cost
251,955,351

 
251,469,575

Less accumulated depreciation and amortization
(14,411,379
)
 
(12,704,944
)
Investment properties, net
$
237,543,972

 
$
238,764,631

The Company’s depreciation expense on investment properties was $1,733,107 and $969,492 for the three months ended March 31, 2016 and 2015, respectively.
A significant portion of the Company’s land, buildings and improvements serves as collateral for its mortgage loans payable portfolio. Accordingly, restrictions exist as to the encumbered property’s transferability, use and other common rights typically associated with property ownership.
4. Assets Held for Sale and Discontinued Operations
In August 2015, the Company’s management and Board of Directors committed to a plan to sell Bixby Commons, Jenks Reasors, Harps at Harbor Point, Starbucks/Verizon and the ground leases for Ruby Tuesday’s and Outback Steakhouse at Pierpont Centre (the “Freestanding Properties”) as part of the Company’s continuous evaluation of strategic alternatives. Accordingly, the Freestanding Properties have been classified as held for sale and the results of their operations have been classified as discontinued operations for all periods presented. Management expects that the sale of the Freestanding Properties will occur within one year and the Company will receive no residual cash flows once the Freestanding Properties are disposed.
As of March 31, 2016 and December 31, 2015, assets held for sale consisted of the following:

14
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)


 
 
March 31,
2016
(unaudited)
 
December 31, 2015
 
 
 
 
 
Investment properties, net
 
$
1,284,888

 
$
1,284,888

Rents and other tenant receivables, net
 
28,998

 
38,945

Above market leases
 
2,616

 
2,616

Deferred costs and other assets, net
 
366,024

 
366,024

Total assets held for sale
 
$
1,682,526

 
$
1,692,473

As of March 31, 2016 and December 31, 2015, liabilities associated with assets held for sale consisted of the following:
 
 
March 31,
2016
(unaudited)
 
December 31, 2015
 
 
 
 
 
Loans payable
 
$
1,961,625

 
$
1,966,806

Below market lease intangible, net
 
14,758

 
14,758

Accounts payable, accrued expenses and other liabilities
4,753

 
10,754

Total liabilities associated with assets held for sale
$
1,981,136

 
$
1,992,318


The condensed consolidated statements of operations reflect reclassifications of rental revenue, property operating expenses, corporate general and administrative expenses and interest expense from continuing operations to income from discontinued operations for all periods presented. All interest expense disclosed below is directly related to the debt incurred to acquire the Freestanding Properties.
    
The following is a summary of the income from discontinued operations for the three months ended March 31, 2016 and 2015:
 
 
Three Months Ended
March 31,
 
 
2016
 
2015
 
 
(unaudited)
Revenues
 
$
99,530

 
$
598,389

Expenses
 
56,897

 
316,277

Operating income
 
42,633

 
282,112

Interest expense
 
22,108

 
235,745

Income from discontinued operations
 
$
20,525

 
$
46,367


15
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)


5. Loans Payable
The Company’s loans payable consist of the following:
 
 
 
 
 
 
 
 
 
 
Property/Description
Monthly Payment
 
Interest
Rate
 
Maturity
 
March 31, 2016
 
December 31, 2015
 
 
 
 
 
 
 
(unaudited)
 
 
Shoppes at Eagle Harbor
$
25,100

 
4.34
%
 
March 2018
 
$
3,599,870

 
$
3,634,085

Monarch Bank Building
$
9,473

 
4.15
%
 
December 2017
 
1,362,425

 
1,376,452

Perimeter Square
$
28,089

 
6.38
%
 
June 2016
 
4,133,592

 
4,166,406

Riversedge North
$
8,802

 
6.00
%
 
January 2019
 
950,414

 
962,281

Walnut Hill Plaza
$
24,273

 
5.50
%
 
July 2017
 
3,511,836

 
3,535,606

Twin City Commons
$
17,827

 
4.86
%
 
January 2023
 
3,211,553

 
3,225,473

Shoppes at TJ Maxx
$
33,880

 
3.88
%
 
May 2020
 
6,038,482

 
6,081,272

Bank Line of Credit
Interest only

 
4.25
%
 
September 2016
 
3,000,000

 
—

Bank Line of Credit
Interest only

 
2.94
%
 
May 2018
 
6,873,750

 
6,873,750

Forrest Gallery
$
50,973

 
5.40
%
 
September 2023
 
8,895,572

 
8,926,712

Tampa Festival
$
50,797

 
5.56
%
 
September 2023
 
8,596,023

 
8,627,294

Winslow Plaza
Interest only

 
4.82
%
 
December 2025
 
4,620,000

 
4,620,000

Cypress Shopping Center
Interest only

 
4.70
%
 
July 2024
 
6,625,000

 
6,625,000

Harrodsburg Marketplace
$
19,112

 
4.55
%
 
September 2024
 
3,662,408

 
3,677,501

Port Crossing
$
34,788

 
4.84
%
 
August 2024
 
6,446,357

 
6,471,636

LaGrange Marketplace
$
13,813

 
5.00
%
 
March 2020
 
2,406,217

 
2,418,212

Freeway Junction
Interest only

 
4.60
%
 
September 2024
 
8,150,000

 
8,150,000

DF I-Edenton
$
250,000

1 
3.75
%
 
September 2016
 
400,000

 
650,000

DF I-Moyock
$
10,665

 
5.00
%
 
July 2019
 
391,723

 
418,538

Graystone Crossing
$
20,386

 
4.55
%
 
October 2024
 
4,000,000

 
4,000,000

Bryan Station
Interest only

 
4.52
%
 
November 2024
 
4,625,000

 
4,625,000

Crockett Square
Interest only

 
4.47
%
 
December 2024
 
6,337,500

 
6,337,500

Harbor Point
$
11,024

 
5.85
%
 
December 2016
 
710,339

 
732,685

Pierpont Centre
Interest only

 
3.95
%
 
February 2025
 
8,450,000

 
8,450,000

Alex City Marketplace
Interest only

 
3.90
%
 
April 2025
 
5,750,000

 
5,750,000

Butler Square
Interest only

 
4.08
%
 
May 2025
 
5,640,000

 
5,640,000

Brook Run Shopping Center
Interest only

 
3.90
%
 
June 2025
 
10,950,000

 
10,950,000

Beaver Ruin Village I and II
Interest only

 
4.73
%
 
July 2025
 
9,400,000

 
9,400,000

Columbia Fire Station
Interest only

 
8.00
%
 
December 2017
 
459,114

 
450,053

Sunshine Shopping Plaza
Interest only

 
4.57
%
 
August 2025
 
5,900,000

 
5,900,000

Barnett Portfolio
Interest only

 
4.30
%
 
September 2025
 
8,770,000

 
8,770,000

Grove Park Shopping Center
Interest only

 
4.52
%
 
October 2025
 
3,800,000

 
3,800,000

Parkway Plaza
Interest only

 
4.57
%
 
October 2025
 
3,500,000

 
3,500,000

Conyers Crossing
Interest only

 
4.67
%
 
October 2025
 
5,960,000

 
5,960,000

Fort Howard Shopping Center
Interest only

 
4.57
%
 
October 2025
 
7,100,000

 
7,100,000

Senior convertible notes
Interest only

 
9.00
%
 
December 2018
 
3,000,000

 
3,000,000

Senior non-convertible notes
Interest only

 
9.00
%
 
January 2016
 
—

 
2,160,000

South Carolina Food Lions note
$
68,320

 
5.25
%
 
January 2024
 
12,346,548

 
12,375,000

Total Principal Balance
 
 
 
 
 
 
189,573,723

 
189,340,456

Unamortized debt issuance cost
 
 
 
 
 
 
(4,603,297
)
 
(4,711,374
)
Total Loans Payable
 
 
 
 
 
 
$
184,970,426

 
$
184,629,082

(1)$250,000plus accrued interest paid quarterly until maturity.



16
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)
5. Loans Payable (continued)


On May 29, 2015, the Operating Partnership entered into a credit agreement (the "Credit Agreement") with KeyBank National Association ("KeyBank"). Outstanding borrowings accrue monthly interest which is paid at a rate of the one-month London Interbank Offer Rate ("LIBOR") plus a margin ranging from 1.75% to 2.50% depending on the Company's consolidated leverage ratio. As of March 31, 2016, the Company has pledged Lumber River and Chesapeake Square as collateral towards the Credit Agreement with outstanding borrowings of $6.87 million at an interest rate of 2.94%. The available borrowing capacity of approximately $37.53 million as of March 31, 2016 is available for the Company as long as such amounts are fully collateralized. The amounts available to the Company under the Credit Agreement that have not been borrowed accrue fees which are paid at a rate of 0.30% on a monthly basis. The Credit Agreement contains certain financial covenants that the Company must meet, including minimum leverage, fixed charge coverage and debt service coverage ratios as well as a minimum tangible net worth requirement. The Company was in compliance with the financial covenants as of March 31, 2016. The Credit Agreement also contains certain events of default that if they occur may cause KeyBank to terminate the Credit Agreement and declare amounts owed to become immediately payable. As of March 31, 2016, the Company has not incurred an event of default.

On January 29, 2016, the Company paid off $2.16 million in senior subordinated debt from cash on hand.

Certain of the Company’s loans payable have covenants with which the Company is required to comply. As of March 31, 2016, the Company believes it is in compliance with all applicable covenants.

Debt Maturity
The Company’s scheduled principal repayments on indebtedness as of March 31, 2016 are as follows:
 
For the Periods Ending March 31,
 
 
(unaudited)
2017
$
9,791,207

2018
10,326,405

2019
12,409,633

2020
3,894,318

2021
6,919,536

Thereafter
146,232,624

Total principal maturities
$
189,573,723

 
6. Rentals under Operating Leases

Future minimum rentals to be received under noncancelable tenant operating leases for each of the next five years and thereafter, excluding Common Area Maintenance and percentage rent based on tenant sales volume, as of March 31, 2016 are as follows: 
 
For the Periods Ending March 31,
 
(unaudited)
2017
$
26,248,038

2018
22,967,833

2019
17,398,950

2020
13,193,054

2021
8,338,053

Thereafter
14,109,573

Total minimum rentals
$
102,255,501



17
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)


7. Equity
Earnings per share
Basic earnings per share for the Company’s common shareholders is calculated by dividing income (loss) from continuing operations, excluding amounts attributable to preferred stockholders and the net loss attributable to noncontrolling interests, by the Company’s weighted-average shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing the net income (loss) attributable to common shareholders, excluding amounts attributable to preferred shareholders and the net loss attributable to noncontrolling interests, by the weighted-average number of common shares including any dilutive shares.
As of March 31, 2016, 3,354,583 of the Operating Partnership’s common units outstanding to noncontrolling interests are eligible to be converted into shares of common stock on a one-to-one basis. Additionally, 729,119 shares of Series B convertible preferred stock ("Series B Preferred Stock") and $3,000,000 of senior convertible debt are eligible to be converted into 5,062,674 shares of the Company's common stock and warrants to purchase 2,635,025 shares of the Company's common stock were outstanding at March 31, 2016. The common units, convertible preferred stock, senior convertible debt and warrants have been excluded from the Company’s diluted earnings per share calculation because their inclusion would be antidilutive.
Dividends
Dividends were made to holders of common units, common shares and preferred shares as follows:
 
 
Three Months Ended 
 March 31,
 
 
2016
 
2015
Common unit and common shareholders
 
$
3,734,897

 
$
992,883

Preferred shareholders
 
511,300

 
2,502,223

Total
 
$4,246,197
 
$3,495,106
 

On March 16, 2016, the Company declared a $0.0175 per share dividend payable on or about April 30, 2016 to shareholders and unitholders of record as of March 31, 2016. Accordingly, the Company has accrued $1,245,605 as of March 31, 2016 for this dividend.
During the three months ended March 31, 2016, the Company declared quarterly dividends of $422,774 to preferred shareholders of record as of March 31, 2016 to be paid on April 15, 2016. Accordingly, the Company has accrued $422,774 as of March 31, 2016 for this dividend.

2015 Long-Term Incentive Plan

On June 4, 2015, the Company's shareholders approved the 2015 Long-Term Incentive Plan (the "2015 Incentive Plan"). The 2015 Incentive Plan allows for issuance of up to 1,000,000 shares of the Company's common stock to employees, directors, officers and consultants for services rendered to the Company.

Equity Issuances under 2015 Incentive Plan

During the three months ended March 31, 2016, the Company issued 54,707 shares to consultants and employees for services rendered to the Company. The market value of these shares at the time of issuance was approximately $70,000. As of March 31, 2016, there are 702,401 shares available for issuance under the Company’s 2015 Stock Incentive Plan.




18
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)


8. Commitments and Contingencies
Lease Commitments
As of March 31, 2016, the Amscot property is subject to a ground lease which terminates in 2045. The ground lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred ground lease expense of $4,539 and $4,432 during the quarters ended March 31, 2016 and 2015, respectively.
    
As of March 31, 2016, the Beaver Ruin Village property is subject to a ground lease which terminates in 2054. The ground lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred ground lease expense of $11,428 and $0 during the quarters ended March 31, 2016 amd 2015, respectively.

As of March 31, 2016, the Beaver Ruin Village II property is subject to a ground lease which terminates in 2056. The ground lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred ground lease expense of $4,463 and $0 during the quarters ended March 31, 2016 and 2015, respectively.

As of March 31, 2016, the Company leases office space in Charleston, South Carolina, subject to a lease that terminates in 2019. The lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred lease expense of $16,758 and $16,336 during the quarters ended March 31, 2016 and 2015, respectively.

Future minimum lease payments due under the operating leases, including applicable automatic extension options, are as follows (unaudited):
 
 
For the Years Ended March 31,
2017
$
172,175

2018
175,844

2019
178,858

2020
119,754

2021
77,611

Thereafter
2,942,390

 
$
3,666,632


Insurance
    
The Company carries comprehensive liability, fire, extended coverage, business interruption and rental loss insurance covering all of the properties in its portfolio under a blanket insurance policy, in addition to other coverages, such as trademark and pollution coverage that may be appropriate for certain of its properties. Additionally, the Company carries a directors’, officers’, entity and employment practices liability insurance policy that covers such claims made against the Company and its directors and officers. The Company believes the policy specifications and insured limits are appropriate and adequate for its properties given the relative risk of loss, the cost of the coverage and industry practice; however, its insurance coverage may not be sufficient to fully cover its losses.

Concentration of Credit Risk
    
The Company is subject to risks incidental to the ownership and operation of commercial real estate. These risks include, among others, the risks normally associated with changes in the general economic climate, trends in the retail industry, creditworthiness of tenants, competition for tenants and customers, changes in tax laws, interest rates, the availability of financing and potential liability under environmental and other laws.

19
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)


    
The Company’s portfolio of properties is dependent upon regional and local economic conditions and is geographically concentrated in the Northeast, Mid-Atlantic, Southeast and Southwest, which markets represented approximately 2%, 23%, 72% and 3%, respectively, of the total annualized base rent of the properties in its portfolio as of March 31, 2016. The Company’s geographic concentration may cause it to be more susceptible to adverse developments in those markets than if it owned a more geographically diverse portfolio. Additionally, the Company’s retail shopping center properties depend on anchor stores or major tenants to attract shoppers and could be adversely affected by the loss of, or a store closure by, one or more of these tenants.
        
Regulatory and Environmental
    
As the owner of the buildings on our properties, the Company could face liability for the presence of hazardous materials (e.g., asbestos or lead) or other adverse conditions (e.g., poor indoor air quality) in its buildings. Environmental laws govern the presence, maintenance, and removal of hazardous materials in buildings, and if the Company does not comply with such laws, it could face fines for such noncompliance. Also, the Company could be liable to third parties (e.g., occupants of the buildings) for damages related to exposure to hazardous materials or adverse conditions in its buildings, and the Company could incur material expenses with respect to abatement or remediation of hazardous materials or other adverse conditions in its buildings. In addition, some of the Company’s tenants routinely handle and use hazardous or regulated substances and wastes as part of their operations at our properties, which are subject to regulation. Such environmental and health and safety laws and regulations could subject the Company or its tenants to liability resulting from these activities. Environmental liabilities could affect a tenant’s ability to make rental payments to the Company, and changes in laws could increase the potential liability for noncompliance. This may result in significant unanticipated expenditures or may otherwise materially and adversely affect the Company’s operations. The Company is not aware of any material contingent liabilities, regulatory matters or environmental matters that may exist.

Litigation
    
The Company is involved in various legal proceedings arising in the ordinary course of its business, including, but not limited to commercial disputes. The Company believes that such litigation, claims and administrative proceedings will not have a material adverse impact on its financial position or its results of operations. The Company records a liability when it considers the loss probable and the amount can be reasonably estimated.
    


9. Related Party Transactions
The amounts disclosed below reflect the activity between the Company, Mr. Wheeler's affiliates and the Operating Companies through the date of acquisition. All amounts subsequent to the acquisition date have been eliminated in consolidation.
 
March 31,
 
2016
 
2015
Amounts paid to affiliates
$
75,649

 
$
354,521

Amounts received from affiliates
$
(302,010
)
 
$
(176,435
)
Amounts due from affiliates
$
(464,963
)
 
$
(597,617
)
The Company, through the Operating Partnership, is performing development services for Pineland Associates, LLC and several of its affiliated parties (“Pineland”), all of which are related parties of the Company, for the redevelopment of Pineland Station Shopping Center in Hilton Head, South Carolina. Pineland is responsible for development fees on the hard construction costs and reimbursing the Company for any costs advanced towards the project. As of March 31, 2016, the Company had advanced approximately $2.77 million towards the project. This amount is included in the "Deferred costs and other assets" line item on the Condensed Consolidated Balance Sheet.


20
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)




10. Subsequent Events
Acquisitions
        
On April 12, 2016, the Company completed its acquisition of 14 retail shopping centers located in Georgia and South Carolina (collectively the “A-C Portfolio”) for an aggregate purchase price of $71 million, paid through a combination of cash, debt and the issuance of 888,889 common units in the Operating Partnership. Collectively, the A-C Portfolio total 605,358 square feet in leaseable space, and were 92% leased as of the acquisition date by 77 primarily retail tenants. Each property is anchored by either a Bi-Lo, Harris Teeter or Piggly Wiggly grocery store.

The AC Portfolio consists of the following properties:
Property Name
Location
Square Feet

Darien Shopping Center
Darien, GA
26,001

Devine Street
Columbia, SC
38,464

Folly Road
Charleston, SC
47,794

Georgetown
Georgetown, SC
29,572

Ladson Crossing
Ladson, SC
52,607

Lake Greenwood Crossing
Greenwood, SC
47,546

Lake Murray
Lexington, SC
39,218

Litchfield Market Village
Pawleys Island, SC
86,740

Moncks Corner
Moncks Corner, SC
26,800

Ridgeland
Ridgeland, SC
20,029

Shoppes at Myrtle Park
Bluffton, SC
56,380

South Lake
Lexington, SC
44,318

South Park
Mullins, SC
60,874

St. Matthews
St. Matthews, SC
29,015




The following summarizes the consideration paid and the preliminary fair values of assets acquired and liabilities assumed in conjunction with the acquisitions described above, along with a description of the methods used to determine fair value. In determining fair values, the Company considered many factors including, but not limited to, cash flows, market cap rates, location, occupancy rates, appraisals, other acquisitions and management’s knowledge of the current acquisition market for similar properties. The valuation and purchase price allocation for this acquisition are preliminary, but are expected to be finalized by March 31, 2017.

21
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)


 
 
 
 
A-C Portfolio
Preliminary fair value of assets acquired and liabilities assumed:
 
 
Investment property (a)
$
58,595,869

 
Lease intangibles and other assets (b)
12,124,143

 
Above market leases (c)
2,942,219

 
Below market leases (c)
(2,662,231
)
 
 
 
 
 
 
Preliminary fair value of net assets acquired:
$
71,000,000

 
 
 
 
 
Purchase consideration:
 
 
 
Consideration paid with cash and debt
$
69,000,000

 
Consideration paid with common units
2,000,000

 
 
 
 
 
 
Total consideration (d)
$
71,000,000

a.
Represents the preliminary fair value of the net investment properties acquired which includes land, buildings, site improvements and tenant improvements. The preliminary fair value was determined using following approaches:
i. the market approach valuation methodology for land by considering similar transactions in the markets;
ii. a combination of the cost approach and income approach valuation methodologies for buildings, including replacement cost evaluations, “go dark” analyses and residual calculations incorporating the land values; and
iii.
the cost approach valuation methodology for site and tenant improvements, including replacement costs and prevailing quoted market rates.
b.
Represents the preliminary fair value of lease intangibles and other assets. Lease intangibles include leasing commissions, in place leases and tenant relationships associated with replacing existing leases. The income approach was used to determine the fair value of these intangible assets which included estimated market rates and expenses. It was determined that carrying value approximated fair value for other asset amounts.
c.
Represents the fair value of above/below market leases. The income approach was used to determine the fair value of above/below market leases using market rental rates for similar properties.
d.
Represents the components of purchase consideration paid.
Unaudited pro forma financial information in the aggregate is presented below for the acquisitions of the A-C Portfolio. The unaudited pro forma information presented below includes the effects of the acquisitions as if they had been consummated as of the beginning of the prior fiscal year. The pro forma results include adjustments for depreciation and amortization associated with acquired tangible and intangible assets, straight-line rent adjustments, interest expense related to debt incurred and adjustments attributable to the increase in noncontrolling interests relating to the incremental common units used as consideration in the acquisition of the A-C Portfolio.

22
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)


 
 
Three Months Ended
March 31,
 
 
2016
 
2015
Rental revenue
 
$
8,445,894

 
$
5,500,993

Net loss
 
$
(4,009,869
)
 
$
(4,759,684
)
Net loss attributable to Wheeler REIT
$
(3,554,453
)
 
$
(4,097,715
)
Net loss attributable to Wheeler REIT common shareholders
$
(4,065,753
)
 
$
(6,599,938
)
Basic loss per share
 
$
(0.06
)
 
$
(0.85
)
Diluted loss per share
 
$
(0.06
)
 
$
(0.85
)
Loans Payable
Revere Loan Agreement
In connection with the closing of the A-C Portfolio, the Operating Partnership, as borrower, and Revere High Yield Fund, LP, a Delaware limited partnership (“Revere”), as lender, entered into a Term Loan Agreement dated as of April 8, 2016 (“Revere Term Loan”) in the principal amount of $8.0 million. The Revere Term Loan has a maturity date of April 30, 2017 and an interest rate of 8% per annum. The Company and certain of its subsidiaries serve as guarantors under the Revere Term Loan. The proceeds of the Revere Term Loan were used as partial consideration for the purchase of the A-C Portfolio. A warrant (“Warrant”) to purchase an aggregate of 6,000,000 shares of the Company’s Common Stock (under circumstances described below under the section “Revere Warrant Agreement”) serves as collateral for the Revere Term Loan.
Revere Warrant Agreement
In connection with the Revere Term Loan, the Company and Revere entered into a Warrant Agreement dated as of April 8, 2016 (“Revere Warrant Agreement”), pursuant to which the Company agreed to issue the Warrant to Revere. The terms of the Revere Warrant Agreement provide that solely in the event of an Event of Default (as defined in the Revere Term Loan) under the Revere Term Loan, Revere shall have the right to purchase an aggregate of up to 6,000,000 shares of the Company’s Common Stock for an exercise price equal to $0.0001 per share. The Warrant is exercisable at any time and from time to time during the period starting on April 8, 2016 and expiring on April 30, 2017 at 11:59 p.m., Virginia Beach, Virginia time, solely in the event of an Event of Default under the Revere Term Loan. The Company will not receive any proceeds from the issuance of the Warrant; rather the Warrant serves as collateral for the Revere Term Loan, the proceeds of which were used as partial consideration for the A-C Portfolio. The issuance of the Warrant is exempt from registration pursuant to the exemption provided by Rule 506 of Regulation D under the Securities Act of 1933, as amended based upon the above facts, because Revere is an accredited investor and because the issuance of the Warrant was a private transaction by the Company and did not involve any public offering.
KeyBank Credit Agreement Amendment
On April 12, 2016, Wheeler REIT, entered into a First Amendment and Joinder Agreement (“First Amendment”) to the Credit Agreement dated May 29, 2015 with KeyBank National Association (“KeyBank”). The First Amendment increased the $45.0 million revolving credit line with KeyBank to approximately $67.2 million of which approximately $60.4 million was used to fund the purchase of the A-C Portfolio in part. Pursuant to the terms of the First Amendment, the pricing of the increased credit facility will now be 500 basis points above 30-day LIBOR. The credit facility will revert back to the reduced pricing in the original credit agreement conditions upon the Company meeting certain repayment and leverage conditions by March 31, 2017.
Convertible Notes Amendment
Effective as of April 28, 2016, Wheeler Real Estate Investment Trust, Inc. (“Company”) and certain investors: Calapasas West Partners, L.P.; Full Value Partners, L.P.; Full Value Special Situations Fund, L.P.; MCM Opportunity Partners, L.P.; Mercury Partners, L.P.; Opportunity Partners, L.P.; Special Opportunities Fund, Inc.; and Steady Gain Partners, L.P. (collectively the “Bulldog Investors”) amended convertible 9% senior notes (“Amended Convertible Notes”) to purchase shares

23
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Notes to Condensed Consolidated Financial Statements (Continued)
(Unaudited)


of the Company’s common stock $0.01 par value per share (“Common Stock”). The current aggregate principal amount of the Convertible Notes is $3,000,000 (“Principal Amount”).

Pursuant to the terms of the Amended Convertible Notes, upon thirty (30) calendar days’ notice (“Notice”), the Company may prepay any portion of the outstanding Principal Amount and accrued and unpaid interest, if any, without penalty. In addition, upon Notice the Bulldog Investors may now exercise their right to convert all or any portion of the outstanding Principal Amount and any accrued but unpaid interest into shares of Common Stock any time prior to the repayment in full of the Amended Convertible Notes. The maximum number of shares of Common Stock issuable upon conversion of the Amended Convertible Notes is 1,417,079 shares.


24

Item 2.    Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion of our financial condition and results of operations in conjunction with our unaudited condensed consolidated financial statements and the notes thereto included in this Form 10-Q, along with the consolidated financial statements and the notes thereto and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our 2015 Form 10-K for the year ended December 31, 2015. For more detailed information regarding the basis of presentation for the following information, you should read the notes to the unaudited condensed consolidated financial statements included in this Form 10-Q.
This Form 10-Q contains forward-looking statements within the meaning of the federal securities laws, including discussion and analysis of our financial condition, anticipated capital expenditures required to complete projects, amounts of anticipated cash distributions to our shareholders in the future and other matters. These forward-looking statements are not historical facts but are the intent, belief or current expectations of our management based on its knowledge and understanding of our business and industry. Forward-looking statements are typically identified by the use of terms such as “may,” “will,” “should,” “potential,” “predicts,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates” or the negative of such terms and variations of these words and similar expressions, although not all forward-looking statements include these words. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.
Forward-looking statements that were true at the time made may ultimately prove to be incorrect or false. You are cautioned not to place undue reliance on forward-looking statements, which reflect our management’s view only as of the date of this Form 10-Q. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
The forward-looking statements should be read in light of these factors and the factors identified in the “Risk Factors” sections of our Registration Statement on Form S-11 (as amended) filed with the Securities and Exchange Commission (“SEC”) on September 9, 2014.
Executive Overview
The March 31, 2016 three month period includes the combined operations of all properties owned at December 31, 2015 as described in our 2015 Form 10-K. Conversely, the March 31, 2015 three month period includes the combined operations of all properties owned at December 31, 2014 as described in our 2014 Annual Report on Form 10-K for the year ended December 31, 2014 ("2014 Form 10-K"), and a partial quarter for Pierpont Center which was acquired in January 2015. In providing the following discussion and analysis of our results of operations, we have separately identified the activities of properties owned for the entire 2015 annual and 2016 three month periods (collectively referred to as “same stores”) and of those properties acquired during 2015 (collectively referred to as “new stores”). This illustrates the significant impact the properties acquired during 2015 had on our results of operations.
Leasing Activity
Renewals during the first three months of 2016 were comprised of ten deals totaling 32,056 square feet with a weighted-average increase of $0.93 per square foot, representing an increase of 7.39% over prior rates. The rates on negotiated renewals resulted in a weighted-average increase of $1.14 per square foot on seven renewals and no changes per square foot on three renewals. Four renewals represented options being exercised. Additionally, we signed ten new leases totaling 18,937 square feet with weighted-average rents of $14.03 per square foot during the three months ended March 31, 2016.
Approximately 8.57% of our gross leasable area is subject to leases that expire during the twelve months ending March 31, 2017 that have not already been renewed. Based on recent market trends, we believe that these leases will be renewed at amounts and terms comparable to existing lease agreements.

Critical Accounting Policies

In preparing the condensed consolidated financial statements, we have made estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reported periods. Actual results may differ from these estimates. A summary of our critical accounting policies is included in our 2015 Form 10-K under “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” There have been no significant changes to these policies during the

25

three months ended March 31, 2016. For disclosure regarding recent accounting pronouncements and the anticipated impact they will have on our operations, please refer to Note 2 of the condensed consolidated financial statements included in this Form 10-Q.
Three Months Ended March 31, 2016 Compared to the Three Months Ended March 31, 2015
Results of Operations
The following table presents a comparison of the condensed consolidated statements of operations for the three months ended March 31, 2016 and 2015, respectively.
 
Three Months Ended
March 31,
 
Three Months Ended Changes
 
2016
 
2015
 
Change
 
% Change
PROPERTY DATA:
 
 
 
 
 
 
 
Number of properties owned and operated at period end(1)
42

 
31

 
11

 
35.48
 %
Aggregate gross leasable area at period end(1)
3,151,358

 
2,029,073

 
1,122,285

 
55.31
 %
Ending occupancy rate at period end (1)
93.88
%
 
95.81
%
 
(1.93
)%
 
(2.01
)%
FINANCIAL DATA:
 
 
 
 
 
 
 
Rental revenues
$
6,742,193

 
$
3,789,277

 
$
2,952,916

 
77.93
 %
Asset management fees
254,891

 
212,298

 
42,593

 
20.06
 %
Commissions
152,846

 
108,893

 
43,953

 
40.36
 %
Tenant reimbursements and other revenues
1,988,732

 
1,043,284

 
945,448

 
90.62
 %
Total Revenue
9,138,662

 
5,153,752

 
3,984,910

 
77.32
 %
EXPENSES:
 
 
 
 
 
 
 
Property operations
2,675,025

 
1,553,674

 
1,121,351

 
72.17
 %
Non-REIT management and leasing services
377,408

 
369,775

 
7,633

 
2.06
 %
Depreciation and amortization
4,880,087

 
3,000,978

 
1,879,109

 
62.62
 %
Provision for credit losses
87,526

 
47,198

 
40,328

 
85.44
 %
Corporate general & administrative
2,281,108

 
2,308,964

 
(27,856
)
 
(1.21
)%
Total Operating Expenses
10,301,154

 
7,280,589

 
3,020,565

 
41.49
 %
Operating Loss
(1,162,492
)
 
(2,126,837
)
 
964,345

 
45.34
 %
Interest expense
(2,419,815
)
 
(2,142,719
)
 
(277,096
)
 
(12.93
)%
Net Loss from Continuing Operations
(3,582,307
)
 
(4,269,556
)
 
687,249

 
16.10
 %
Discontinued Operations
 
 
 
 
 
 
 
Income (loss) from operations
20,525

 
46,367

 
(25,842
)
 
(55.73
)%
Net Income from Discontinued Operations
20,525

 
46,367

 
(25,842
)
 
(55.73
)%
Net Loss
(3,561,782
)
 
(4,223,189
)
 
661,407

 
15.66
 %
Net loss attributable to noncontrolling interests
(332,876
)
 
(462,376
)
 
129,500

 
28.01
 %
Net Loss Attributable to Wheeler REIT
$
(3,228,906
)
 
$
(3,760,813
)
 
$531,907
 
14.14
 %
(1)    Excludes the undeveloped land parcels and Riversedge North, our corporate headquarters. Includes assets held for sale.
    
    

26

Same Store and New Store Operating Income
    
The following table provides same store and new store financial information. The discussion below primarily focuses on same store results of operations since fourteen of the fifteen 2015 retail acquisitions occurred subsequent to March 31, 2015.
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31,
 
Same Store
 
New Store
 
Total
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Property revenues
$
4,755,095

 
$
4,563,655

 
$
3,975,830

 
$
268,906

 
$
8,730,925

 
$
4,832,561

Property expenses
1,642,980

 
1,471,685

 
1,032,045

 
81,989

 
2,675,025

 
1,553,674

Property Net Operating Income
3,112,115

 
3,091,970

 
2,943,785

 
186,917

 
6,055,900

 
3,278,887

Asset Management and Commission Revenue
407,737

 
321,191

 
—

 
—

 
407,737

 
321,191

Non-REIT management and leasing services
377,408

 
369,775

 
—

 
—

 
377,408

 
369,775

Depreciation and amortization
1,971,902

 
2,562,185

 
2,908,185

 
438,793

 
4,880,087

 
3,000,978

Provision for credit losses
39,272

 
47,198

 
48,254

 
—

 
87,526

 
47,198

Corporate general & administrative
2,208,146

 
1,984,784

 
72,962

 
324,180

 
2,281,108

 
2,308,964

Total Other Operating Expenses
4,596,728

 
4,963,942

 
3,029,401

 
762,973

 
7,626,129

 
5,726,915

Interest expense
1,543,086

 
2,059,078

 
876,729

 
83,641

 
2,419,815

 
2,142,719

Net Loss from Continuing Operations
(2,619,962
)
 
(3,609,859
)
 
(962,345
)
 
(659,697
)
 
(3,582,307
)
 
(4,269,556
)
Discontinued Operations
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
4,567

 
68,075

 
15,958

 
(21,708
)
 
20,525

 
46,367

Net Income (Loss) from Discontinued Operations
4,567

 
68,075

 
15,958

 
(21,708
)
 
20,525

 
46,367

Net Loss
$
(2,615,395
)
 
$
(3,541,784
)
 
$
(946,387
)
 
$
(681,405
)
 
$
(3,561,782
)
 
$
(4,223,189
)
Property Revenues
Total same store property revenues for the three month period ended March 31, 2016 were $4.76 million compared to $4.56 million for the three month period ended March 31, 2015, representing an increase of approximately $0.19 million. Same store revenues fluctuated primarily due to increases in tenant reimbursements, contractual rent adjustments, positive rent spreads on renewals and increases in occupancy.
The three month period ended March 31, 2016 represent full periods of operations reported for the fifteen retail acquisitions made in 2015. These properties (new stores) contributed $3.98 million in revenues for the three month period ended March 31, 2016, compared to $0.27 million in contributions to revenue for the three month period ended March 31, 2015. Going forward we believe these properties will generate a significant amount of revenue for us and we will benefit from future contractual rent increases and expansion opportunities.
Property Expenses
Total same store property expenses for the three month period ended March 31, 2016 were $1.64 million compared to $1.47 million for the three month period ended March 31, 2015. The increase was primarily due to the nature and timing of expenses relating to repairing and maintaining the buildings and associated parcels and increases in real estate taxes due to property reassessments of prior acquisitions for the three months ended March 31, 2016 as compared to the 2015 three month period.
There were no significant unusual or non-recurring items included in new store property expenses for the three month periods ended March 31, 2016.
Property Net Operating Income

Total property net operating income was $6.06 million for the three month period ended March 31, 2016 compared to $3.28 million for the three month period ended March 31, 2015. The March 2016 three month period results represent an increase of $2.78 million over the comparable March 2015 period, primarily due to the increases in property revenues resulting from the fourteen incremental 2015 retail acquisitions that occured subsequent to March 31, 2015. New stores accounted for the majority

27

of these increases by generating $2.94 million in property net operating income for the three month period ended March 31, 2016, compared to $0.19 million for the three month period ended March 31, 2015.

Other Operating Expenses
Same store other operating expenses for the three month period ended March 31, 2016 were $4.60 million, which represents a decrease of $0.37 million over the three month period ended March 31, 2015. This decrease in same store operating expenses resulted from a decrease of $0.59 million in depreciation and amortization expenses for the three month period offset by an increase of $0.22 million in general and administrative expenses.The decreases in same store depreciation and amortization expense for the three month period ended March 31, 2016 resulted from additional assets becoming fully depreciated and amortized since the March 2015 period.
Total general and administrative expenses for the three month period ended March 31, 2016 decreased by $0.03 million as compared to the 2015 periods. General and administrative expenses during the March 2016 three month period included approximately $0.67 million of non-recurring expenses related to acquisitions, capital events and other miscellaneous costs which are detailed below.
 
Three Months Ended 
 March 31, 2016
 
(unaudited)
Acquisition costs
$
413,310

Capital related costs
62,169

Other
191,000

 
$
666,479

Acquisition expenses were primarily related to financial statement audits, appraisals and legal matters for the A-C Portfolio acquisition completed on April 12, 2016 and sourcing and due diligence of potential acquisitions currently in our pipeline. Other nonrecurring expenses are miscellaneous costs we believe will not be incurred on a going forward basis.
Interest Expense
Same store interest expense was $1.54 million for the three month period ended March 31, 2016, which represents a decrease of $0.52 million as compared to $2.06 million for the three month period ended March 31, 2015. The quarterly decrease primarily resulted from the $6.16 million reduction in senior non-convertible debt and a decline in outstanding debt for same stores. Total interest expense for the three months ended March 31, 2016 increased $0.28 million. The increase is primarily attributed to the interest expense incurred for the $67.23 million of loans payable relating to retail properties acquired subsequent to March 31, 2015, which was partially offset by the interest expense decrease associated with same stores noted above.
Funds from Operations
We use Funds from Operations ("FFO"), a non-GAAP measure, as an alternative measure of our operating performance, specifically as it relates to results of operations and liquidity. We compute FFO in accordance with standards established by the Board of Governors of NAREIT in its March 1995 White Paper (as amended in November 1999 and April 2002). As defined by NAREIT, FFO represents net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property, plus real estate related depreciation and amortization (excluding amortization of loan origination costs) and after adjustments for unconsolidated partnerships and joint ventures. Most industry analysts and equity REITs, including us, consider FFO to be an appropriate supplemental measure of operating performance because, by excluding gains or losses on dispositions and excluding depreciation, FFO is a helpful tool that can assist in the comparison of the operating performance of a company’s real estate between periods, or as compared to different companies. Management uses FFO as a supplemental measure to conduct and evaluate our business because there are certain limitations associated with using GAAP net income alone as the primary measure of our operating performance. Historical cost accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time, while historically real estate values have risen or fallen with market conditions. Accordingly, we believe FFO provides a valuable alternative measurement tool to GAAP when presenting our operating results.



28


Below is a comparison of same and new store FFO for the three month periods ended March 31, 2016 and 2015:
 
Three Months Ended March 31,
 
Same Stores
 
New Stores
 
Total
 
Period Over Period Changes
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
$
 
%
Net loss
$
(2,615,395
)
 
$
(3,541,784
)
 
$
(946,387
)
 
$
(681,405
)
 
$
(3,561,782
)
 
$
(4,223,189
)
 
$
661,407

 
15.66
 %
Depreciation and amortization of real estate
assets from continuing operations
1,971,902

 
2,562,185

 
2,908,185

 
438,793

 
4,880,087

 
3,000,978

 
1,879,109

 
62.62
 %
Depreciation and amortization of real estate
assets from discontinued operations
—

 
207,455

 
—

 
28,051

 
—

 
235,506

 
(235,506
)
 
(100.00
)%
Depreciation of real estate
assets
1,971,902

 
2,769,640

 
2,908,185

 
466,844

 
4,880,087

 
3,236,484

 
1,643,603

 
50.78
 %
FFO
$
(643,493
)
 
$
(772,144
)
 
$
1,961,798

 
$
(214,561
)
 
$
1,318,305

 
$
(986,705
)
 
$
2,305,010

 
233.61
 %
During the three month period ended March 31, 2016, same store FFO increased $0.13 million, primarily due to a decrease in interest expense of $0.52 million offset by an increase of $0.22 million in corporate general and administrative expenses for the three month period ended March 31, 2016, as described above. Total FFO increased $2.31 million for the three month period ended March 31, 2016, primarily due to the expansion of operations resulting from the fourteen retail acquisitions occurring subsequent to March 31, 2015 that contributed incremental new store FFO of $2.18 million when compared to the same period prior year.
We believe the computation of FFO in accordance with NAREIT's definition includes certain items that are not indicative of the results provided by our operating portfolio and affect the comparability of our period-over-period performance. These items include, but are not limited to, legal settlements, non-cash share-based compensation expense, non-cash amortization on loans and acquisition costs. Therefore, in addition to FFO, management uses Adjusted FFO ("AFFO"), which we define to exclude such items. Management believes that these adjustments are appropriate in determining AFFO as they are not indicative of the operating performance of our assets. In addition, we believe that AFFO is a useful supplemental measure for the investing community to use in comparing us to other REITs as many REITs provide some form of adjusted or modified FFO. However, there can be no assurance that AFFO presented by us is comparable to the adjusted or modified FFO of other REITs.
Total AFFO for the three month periods ended March 31, 2016, respectively, is shown in the table below:
 
Three Months Ended March 31,
 
2016
 
2015
FFO
$
1,318,305

 
$
(986,705
)
Preferred stock dividends
(511,300
)
 
(2,502,223
)
Preferred stock accretion adjustments
88,525

 
1,211,202

FFO available to common shareholders and common
unitholders
895,530

 
(2,277,726
)
Acquisition costs
413,310

 
653,242

Capital related costs
62,169

 
68,518

Other non-recurring and non-cash expenses
237,460

 
89,500

Share-based compensation
150,250

 
45,000

Straight-line rent
(7,106
)
 
(57,577
)
Loan cost amortization
189,542

 
486,198

Above/below market lease amortization
71,612

 
195,729

Recurring capital expenditures and tenant improvement reserves
(139,183
)
 
(130,900
)
AFFO
$
1,873,584

 
$
(928,016
)

29

Preferred stock dividends for the three month period ended March 31, 2015 include approximately $0.35 million of dividends (excluding the impact of accretion adjustments) related to the Series C Preferred Stock. The preferred stock accretion adjustments represent the amortization of offering costs associated with raising the Series B and Series C Preferred Stock. Other non-recurring expenses primarily relate to those costs that are related to miscellaneous items that we do not anticipate incurring on a going forward basis.
Liquidity and Capital Resources
At March 31, 2016, our consolidated cash and cash equivalents totaled $7.03 million compared to consolidated cash and cash equivalents of $10.71 million at December 31, 2015. Cash flows from operating activities, investing activities and financing activities for the three month periods ended March 31, 2016 and 2015 were as follows:
 
Three Months Ended March 31,
 
Period Over Period Change
 
2016
 
2015
 
$
 
%
Operating activities
$
661,811

 
$
(4,344,436
)
 
$
5,006,247

 
(115.23
)%
Investing activities
$
(332,163
)
 
$
(4,840,141
)
 
$
4,507,978

 
(93.14
)%
Financing activities
$
(4,006,191
)
 
$
80,173,155

 
$
(84,179,346
)
 
(105.00
)%
Operating Activities
During the three months ended March 31, 2016, our cash flows from operating activities were $0.66 million, compared to cash flows used in operating activities of $4.34 million during the three months ended March 31, 2015. Operating cash flows were primarily impacted by the $0.66 million decrease in our consolidated net loss due to the factors discussed in the Results of Operations section above, specifically the additional FFO of $2.18 million from new stores that were acquired in 2015. Also impacting operating cash flows is the fluctuation in acquisition deposits included within deferred costs and the timing of the respective acquisitions.
Investing Activities
During the three months ended March 31, 2016, our cash flows used in investing activities were $0.33 million, compared to cash flows used in investing activities of $4.84 million during the three months ended March 31, 2015. The 2016 amount reflects no acquisitions in the three months ended March 31, 2016, while the 2015 amount reflects the cash used to acquire the three properties during the three months ended March 31, 2015. Investing cash flows for the three months ended March 31, 2015 include the impact of approximately $0.9 million related to the acquisition of the Ruby Tuesday and Outback Steakhouse ground leases at Pierpont Centre, which are now assets held for sale.
Financing Activities
During the three months ended March 31, 2016, our cash flows used in financing activities were $4.01 million, compared to $80.17 million of cash flows from financing activities during the three months ended March 31, 2015. The primary factor contributing to the comparative fluctuation in financing cash flows was the Series C Preferred Stock offering in March 2015, which generated $83.67 million. This was partially offset by an increase in dividends paid of $1.99 million during the three months ended March 31, 2016 when compared to the same period last year.
There was no refinancing activity during the three month periods ended March 31, 2016 and 2015.
As of March 31, 2016 and December 31, 2015, our debt balances, excluding unamortized debt issuance costs, consisted of the following:
 
March 31, 2016
 
December 31, 2015
Fixed-rate notes
$
182,699,973

 
$
182,466,706

Fixed-rate notes, assets held for sale
1,976,861

 
$
1,982,042

Floating-rate line of credit
6,873,750

 
6,873,750

Total debt
$
191,550,584

 
$
191,322,498


The weighted-average interest rate and term of our fixed-rate debt are 4.68% and 7.42 years, respectively, at March 31, 2016. We have $9.81 million of debt maturing during the twelve months ending March 31, 2017. While we anticipate being able to refinance our maturing loans at reasonable market terms upon maturity, our inability to do so may materially impact our financial position and results of operations. See the financial statements included elsewhere in this Form 10-Q for additional mortgage indebtedness details.

30

Future Liquidity Needs

In addition to the funding of our ongoing operations, the primary liquidity needs of the Company at March 31, 2016 are $9.8 million in debt maturities due within the following year, debt service payments, preferred stock dividends, margin covenant requirements as detailed in our Credit Agreement with KeyBank and the $0.21 per share (approximately $14.9 million) targeted annual common stock dividend we are currently paying on monthly basis. Subsequent to March 31, 2016 and prior to filing the Form 10-Q for the period then ended, the Company entered into certain other debt agreements to borrow $68.4 million to fund the acquisition of the A-C Portfolio as documented within Note 10 to the financial statements. We expect the A-C Portfolio will provide additional liquidity towards meeting our future obligations. However, the related debt agreements require debt payments of $17.3 million payable prior to March 31, 2017, resulting in total debt maturities of $27.1 million being due within a year of our March 31, 2016 balance sheet date. The amended Credit Agreement with KeyBank temporarily increased our leverage ratio requirement until March 31, 2017, at which time the requirement will revert back to the original ratio documented within the Credit Agreement with KeyBank entered into on May 29, 2015.
As stated above, our amended Credit Agreement with KeyBank requires us to reduce our overall leverage ratio prior to March 31, 2017, which may require us to raise additional cash proceeds from sources other than debt refinancing. We have implemented plans to meet these requirements, including reductions in general and administrative expenses and discussions with various third party capital sources. Additionally, we are in the process of refinancing pending debt maturities and portions of the Key Bank credit facility to expedite meeting the conditions of the Credit Agreement. Based on our proven ability to refinance debt and obtain alternative sources of capital, and existing market conditions, we believe it to be probable that our plans to meet these obligations will be successful.
Our success in refinancing the debt and executing on our growth strategy will dictate our liquidity needs going forward. If we are unable to execute in these areas, our ability to grow and pay future dividends may be limited without additional capital.
In addition to liquidity required to fund debt payments, distributions and acquisitions, we may incur some level of capital expenditures during the year for our existing properties that cannot be passed on to our tenants. The majority of these expenditures occur subsequent to acquiring a new property that requires significant improvements to maximize occupancy and lease rates, with an existing property that needs a facelift to improve its marketability or when tenant improvements are required to make a space fit a particular tenant’s needs. Significant capital expenditures could also impact our ability to grow and pay future dividends.
Off-Balance Sheet Arrangements
As of March 31, 2016, the KeyBank line of credit represents the only significant off-balance sheet arrangement that is likely to have a material effect on our financial condition, revenues or expenses, results of operations, liquidity, capital resources or capital expenditures.
New Accounting Pronouncements
In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which supersedes the revenue recognition requirements of Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition” and most industry-specific guidance on revenue recognition throughout the ASC. The new standard is principles based and provides a five step model to determine when and how revenue is recognized. The core principle of the new standard is that revenue should be recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also requires disclosure of qualitative and quantitative information surrounding the amount, nature, timing and uncertainty of revenues and cash flows arising from contracts with customers. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from contracts with customers (Topic 606): Identifying Performance Obligations and Licensing," which provides further guidance on identifying performance obligations and intellectual property licensing implementation. Companies are permitted to adopt the ASUs as early as fiscal years beginning after December 15, 2016, but the adoption is required for fiscal years beginning after December 15, 2017. These new standards will be effective for the Company in the first quarter of the year ended December 31, 2018 and can be applied either retrospectively to all periods presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact of adoption of the new standard on its consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, "Presentation of Financial Statements - Going Concern (Subtopic 205-40)." This ASU defines management's responsibility to evaluate whether there is substantial doubt about an organization's

31

ability to continue as a going concern and provides guidance on required financial statement footnote disclosures. This ASU is effective for annual periods ending after December 15, 2016. The Company adopted this ASU on January 1, 2016 and used its guidance in evaluating whether there is substantial doubt about the Company's ability to continue as a going concern as of the date of this filing.
    
In April 2015, the FASB issued ASU 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs." This new guidance requires the presentation of unamortized debt issuance costs to be shown in the liabilities section of the consolidated balance sheets as a reduction of the principal amount of the associated debt, rather than as an asset. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a retrospective approach by restating prior period comparative consolidated balance sheets. The Company adopted the ASU effective January 1, 2016 and applied it on a retrospective basis for all debt issuance costs, including those pertaining to the Company’s revolving credit facility. As a result, unamortized debt issuance costs of $4.71 million as of December 31, 2015 have been reclassified from other assets and presented as a deduction of indebtedness in the consolidated balance sheet.

In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." This new guidance requires that the acquirer recognizes adjustments to preliminary acquisition values and account for the cumulative effect of any required adjustments in the period in which they are determined. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a prospective approach for adjustments that occur after the effective date. The Company adopted the ASU effective January 1, 2016.

In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 is intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The ASU will require organizations that lease assets referred to as “Lessees” to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. An organization is to provide disclosures designed to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements concerning additional information about the amounts recorded in the financial statements. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP which requires only capital leases to be recognized on the balance sheet the new ASU will require both types of leases (i.e. operating and capital) to be recognized on the balance sheet. The FASB lessee accounting model will continue to account for both types of leases. The capital lease will be accounted for in substantially the same manner as capital leases are accounted for under existing GAAP. The operating lease will be accounted for in a manner similar to operating leases under existing GAAP, except that lessees will recognize a lease liability and a lease asset for all of those leases. The leasing standard will be effective for calendar year-end public companies beginning after December 15, 2018.  Public companies will be required to adopt the new leasing standard for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption will be permitted for all companies and organizations upon issuance of the standard. For calendar year-end public companies, this means an adoption date of January 1, 2019 and retrospective application to previously issued annual and interim financial statements for 2018 and 2017. Lessees with a large portfolio of leases are likely to see a significant increase in balance sheet assets and liabilities. See Note 8 for the Company’s current lease commitments. The Company is currently evaluating the impact of ASU 2016-02 on its financial statements.

In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718):  Improvements to Employee Share-Based Payment Accounting.” This ASU simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards s either equity or liabilities and classification on the statement of cash flows.  This ASU is effective for annual periods beginning after December 15, 2016 and early adoption is permitted.  The new standard can be applied using either a prospective transition method or a retrospective transition method. The Company will adopt this ASU in 2017 and does not expect the adoption of this ASU to materially impact its financial position or results of operations.

Other accounting standards that have been issued or proposed by the FASB or other standard-setting bodies are not currently applicable to the Company or are not expected to have a significant impact on the Company’s financial position, results of operations and cash flows.


32

Item 3.    Quantitative and Qualitative Disclosures About Market Risk.
The primary market risk to which we are exposed is interest rate risk. Our primary interest rate exposure is LIBOR. We primarily use fixed interest rate financing to manage our exposure to fluctuations in interest rates.
At March 31, 2016, approximately $184.68 million, or 96.41%, of our debt had fixed interest rates and approximately $6.87 million, or 3.59%, had variable interest rates. Assuming no increase in the level of our variable rate debt, if interest rates increased by 1.0%, our cash flow would decrease by approximately $0.07 million per year. At March 31, 2016, LIBOR was approximately 44 basis points. Assuming no increase in the level of our variable rate debt, if LIBOR was reduced to zero basis points, our cash flow would increase by approximately $0.03 million per year.
Item 4.    Controls and Procedures.
Evaluation of Disclosure Controls and Procedures
The management of the Trust, under the supervision and with the participation of our principal executive and financial officers, has evaluated the effectiveness of our disclosure controls and procedures in ensuring that the information required to be disclosed in our filings under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, including ensuring that such information is accumulated and communicated to the Trust’s management, as appropriate, to allow timely decisions regarding required disclosure. Based on such evaluation, our principal executive and financial officers have concluded that such disclosure controls and procedures were effective as of March 31, 2016 (the end of the period covered by this Form 10-Q).
Changes in Internal Control Over Financial Reporting
None.
 

33

PART II. OTHER INFORMATION


Item 1.    Legal Proceedings.

We are subject to various legal proceedings and claims that arise in the ordinary course of business. These matters are generally covered by insurance. While the resolution of these matters cannot be predicted with certainty, management believes the final outcome of such matters will not have a material adverse effect on our financial position, results of operation or liquidity.
Item 1A. Risk Factors.
The Company first met the requirements of an accelerated filer in 2015, therefore, it was not required to disclose risk factors in any of its previously filed Annual Reports on Form 10-K.  Accordingly, this item is not applicable   The Company did disclose risk factors in its Registration Statement on Form S-11 (the “Registration Statement”) filed on August 20, 2014, as amended (File No. 198245) and there have been no material changes from the risk factors disclosed in the Registration Statement. 
Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds.
 
(a)    On January 19, 2016, in connection with the acquisition of real property located in Virginia Beach, Virginia known as Laskin Road, and pursuant to the terms of a Subscription Agreement between the Operating Partnership and Darefund, LLC, a Virginia limited liability company (“Darefund”), the Operating Partnership exchanged an aggregate of 807,727 of its common units worth $1,499,383 as consideration for real property known as Laskin Road, located in Virginia Beach, Virginia.

The common units are redeemable for cash equal to the then-current market value of one share of the Trust’s common stock or, at the Trust’s option, one share of the Trust’s common stock, commencing 12 months following the completion of this exchange. The Operating Partnership did not receive any proceeds from the exchange because the common units were used as consideration to acquire Laskin Road. The issuance of the common units was exempt from registration pursuant to the exemption provided by Rule 506 of Regulation D under the Securities Act of 1933, as amended, based upon the above facts, because Darefund is an accredited investor and because the issuance of the common units was a private transaction by the Operating Partnership and did not involve any public offering

No underwriter was used in connection with the issuance of these common units.

(b)    Not applicable.

(c)    Not applicable.
Item 3.    Defaults Upon Senior Securities.
Not applicable. 
Item 4.    Mine Safety Disclosures.
Not applicable.
Item 5.    Other Information.    
None.

34

Item 6.    Exhibits.
 
 
 
Exhibit
  
 
 
 
3.1
  
Articles of Amendment and Restatement of the Registrant. (1)
 
 
3.2
  
Amended and Restated Bylaws of Registrant (2)
 
 
4.1
  
Form of Certificate of Common Stock of Registrant (2)
 
 
4.2
  
Form of Certificate of Series B Convertible Preferred Stock of Registrant (3)
 
 
 
4.3
 
Form of Warrant Certificate of Registrant (3)
 
 
 
4.4
 
Form of Warrant Agreement for December 2013/January 2014 Private Placement Offering (4)
 
 
 
4.5
 
Form of Warrant Agreement with Revere High Yield Fund, LP (14)
 
 
 
4.6
 
Calapasas West Partners, L.P. Amended Convertible Promissory Note. (15)
 
 
 
4.7
 
Full Value Partners, L.P. Amended Convertible Promissory Note. (15)
 
 
 
4.8
 
Full Value Special Situations Fund, L.P. Amended Convertible Promissory Note. (15)
 
 
 
4.9
 
MCM Opportunity Partners, L.P. Amended Convertible Promissory Note. (15)
 
 
 
4.10
 
Mercury Partners, L.P. Amended Convertible Promissory Note. (15)
 
 
 
4.11
 
Opportunity Partners, L.P. Amended Convertible Promissory Note. (15)
 
 
 
4.12
 
Special Opportunities Fund, Inc. Amended Convertible Promissory Note. (15)
 
 
 
4.13
 
Steady Gain Partners, L.P. Amended Convertible Promissory Note. (15)
 
 
 
10.1
  
Amended and Restated Agreement of Limited Partnership of Wheeler REIT, L.P. (5)
 
 
10.2
 
Amendment to the Amended and Restated Agreement of Limited Partnership of Wheeler REIT, L.P. Designation of Series C Mandatorily Convertible Preferred Units, as amended. (6)
 
 
 
10.3
 
Amendment to the Amended and Restated Agreement of Limited Partnership of Wheeler REIT, L.P. Designation of Series B Mandatorily Convertible Preferred Units. (6)
 
 
 
10.4
 
Amendment to the Amended and Restated Agreement of Limited Partnership of Wheeler REIT, L.P. Designation of Series A Mandatorily Convertible Preferred Units. (6)
 
 
 
10.5
  
Wheeler Real Estate Investment Trust, Inc. 2015 Long-Term Incentive Plan (7)
 
 
10.6
  
Employment Agreement with Jon S. Wheeler (12)
 
 
10.7
  
Employment Agreement with Steven M. Belote (12)
 
 
10.8
  
Employment Agreement with Robin A. Hanisch (12)
 
 
10.9
 
Employeement Agreement with Wilkes Graham (12)
 
 
 
10.10
  
Subordination Agreement (5)
 
 
 
 
 
10.11
 
Tax Protection Agreement dated October 24, 2014, by and among Jon S. Wheeler, Wheeler REIT, L.P., and Wheeler Real Estate Investment Trust, Inc. (8)
 
 
 
10.12
 
Termination Agreement dated October 24, 2014, by and among Wheeler Real Estate Investment Trust, Inc., Wheeler REIT, L.P., and WHLR Management, LLC. (8)
 
 
 
10.13
 
Purchase and Sale Agreement dated November 30, 2015, by and among WHLR-ACD Acquisition Company, LLC and certain sellers, for the purchase of the AC Portfolio. (9)
 
 
 
10.14
 
Ninth Amendment to Purchase and Sale Agreement dated March 30, 2016, by and among WHLR-ACD Acquisition Company, LLC, Wheeler Real Estate Investment Trust Inc., Wheeler REIT, LP and certain sellers. (13)
 
 
 

35

10.15
 
Shareholders Rights Agreement, dated March 19, 2015, by and between Wheeler Real Estate Investment Trust, Inc. and Westport Capital Partners LLC as agent on behalf of certain investor. (10)
 
 
 
10.16
 
Board Observer Rights Agreement, dated March 19, 2015, by and between Wheeler Real Estate Investment Trust, Inc. and MFP Investors, LLC. (10)
 
 
 
10.17
 
Letter Agreement, dated March 19, 2015, by and between Wheeler Real Estate Investment Trust, Inc. and Jon S. Wheeler. (10)
 
 
 
10.18
 
Credit Agreement, dated May 29, 2015, between Wheeler REIT, L.P. and KeyBank National Association. (11)
 
 
 
10.19
 
Subscription Agreement by and between Wheeler REIT, LP and A-C Development, LLC dated April 12, 2016. (14)
 
 
 
10.20
 
Term Loan Agreement by and between Wheeler REIT, LP and Revere High Yield Fund, LP dated April 8, 2016. (14)
 
 
 
10.21
 
First Amendment and Joinder Agreement to KeyBank Credit Agreement dated April 12, 2016. (14)
 
 
 
31.1
 
Certification of the Chief Executive Officer of Wheeler Real Estate Investment Trust, Inc. pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (16)
 
 
31.2
 
Certification of the Chief Financial Officer of Wheeler Real Estate Investment Trust, Inc. pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (16)
 
 
32.1
 
Certifications pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (16)
 
 
101.INS
  
XBRL Instance Document (16)
 
 
101.SCH
  
XBRL Taxonomy Extension Schema Document (16)
 
 
101.CAL
  
XBRL Taxonomy Extension Calculation Linkbase (16)
 
 
101.DEF
  
XBRL Taxonomy Extension Definition Linkbase (16)
 
 
101.LAB
  
XBRL Taxonomy Extension Labels Linkbase (16)
 
 
101.PRE
  
XBRL Taxonomy Extension Presentation Linkbase (16)
 
(1)
Filed as an exhibit to the Registrant's report on Form 8-K, filed on June 5, 2015 and hereby incorporated by reference.
(2)
Filed as an exhibit to the Registrant's Registration Statement on Form S-11 (Registration No. 333-177262) previously filed pursuant to the Securities Act of 1933 and hereby incorporated by reference.
(3)
Filed as an exhibit to the Registrant's Registration Statement on Form S-11 (Registration No. 333-194831) previously filed pursuant to the Securities Act of 1933 and hereby incorporated by reference.
(4)
Filed as an exhibit to the Registrant's Report on Form 8-K, filed on December 18, 2013 and hereby incorporated by reference.
(5)
Filed as an exhibit to the Registrant's Registration Statement on Form S-11 (Registration No. 333-198245) previously filed pursuant to the Securities Act of 1933 and hereby incorporated by reference.
(6)
Filed as an exhibit to the Registrant's Report on Form 8-K, filed on April 15, 2015 and hereby incorporated by reference.
(7)
Filed as an exhibit to the Registrant's Report on Form 8-K, filed on June 8, 2015 and hereby incorporated by reference.
(8)
Filed as an exhibit to the Registrant's report on Form 8-K, filed on October 30, 2014 and hereby incorporated by reference.
(9)
Filed as an exhibit to the Registrant's Report on Form 8-K, filed on December 2, 2015 and hereby incorporated by reference.
(10)
Filed as an exhibit to the Registrant's Report on Form 8-K, filed on March 19, 2015 and hereby incorporated by reference.
(11)
Filed as an exhibit to the Registrant's Report on Form 8-K, filed on June 2, 2015 and hereby incorporate by reference.
(12)
Filed as an exhibit to the Registrant's Report on Form 8-K, filed on March 16, 2016 and hereby incorporated by reference.
(13)
Filed as an exhibit to the Registrant's Report on Form 8-K, filed on March 31, 2016 and hereby incorporated by reference.

36

(14)
Filed as an exhibit to the Registrant's Report on Form 8-K, filed on April 12, 2016 and hereby incorporated by reference.
(15)
Filed as an exhibit to the Registrant's Report on Form 8-K, filed on April 28, 2016 and hereby incorporated by reference.
(16)
Filed herewith.


37

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
 
 
 
 
 
 
 
 
WHEELER REAL ESTATE INVESTMENT TRUST, INC.
 
 
 
 
 
 
 
By:
 
/s/ WILKES J. GRAHAM
 
 
 
 
 
Wilkes J. Graham
 
 
 
 
 
Chief Financial Officer
 
 
 
 
Date:
May 5, 2016
 
 
 
 


38
 EX-31.1 2 ex3113-31x2016.htm EX 31.1 CERTIFICATION OF CEO Exhibit
Exhibit 31.1

Wheeler Real Estate Investment Trust, Inc.
Quarterly Certification
Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
I, Jon S. Wheeler, certify that:
 

1.
I have reviewed this quarterly report on Form 10-Q of Wheeler Real Estate Investment Trust, Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: May 5, 2016
 

/s/ JON S. WHEELER
Jon S. Wheeler
Chairman of the Board and Chief Executive Officer


 EX-31.2 3 ex3123-31x2016.htm EX 31.2 CERTIFICATION OF CFO Exhibit
Exhibit 31.2

Wheeler Real Estate Investment Trust, Inc.
Quarterly Certification
Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
I, Wilkes J. Graham, certify that:

1.
I have reviewed this quarterly report on Form 10-Q of Wheeler Real Estate Investment Trust, Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 5, 2016
 

/s/ WILKES J. GRAHAM
Wilkes J. Graham
Chief Financial Officer



 EX-32 4 ex323-31x2016.htm EX 32 CERTIFICATION OF CEO AND CFO Exhibit
Exhibit 32

Wheeler Real Estate Investment Trust, Inc.
Certification Pursuant to
18 U.S.C. Section 1350,
as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
In connection with the Quarterly Report of Wheeler Real Estate Investment Trust, Inc. (the “Company”) on Form 10-Q for the three months ended March 31, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jon S. Wheeler, Chairman of the Board and Chief Executive Officer of the Company, and I, Wilkes J. Graham, Chief Financial Officer of the Company, each certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
 

1.
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.
Information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

May 5, 2016
 
 
/s/ JON S. WHEELER
 
Jon S. Wheeler
 
Chairman of the Board and Chief Executive Officer
 
 
 
/s/ WILKES J. GRAHAM
 
Wilkes J. Graham
 
Chief Financial Officer



 EX-101.INS 5 whlr-20160331.xml XBRL INSTANCE DOCUMENT 0001527541 2016-01-01 2016-03-31 0001527541 2016-05-04 0001527541 2015-12-31 0001527541 2016-03-31 0001527541 us-gaap:SeriesBPreferredStockMember 2015-12-31 0001527541 us-gaap:SeriesAPreferredStockMember 2016-03-31 0001527541 us-gaap:SeriesAPreferredStockMember 2015-12-31 0001527541 us-gaap:SeriesBPreferredStockMember 2016-03-31 0001527541 2015-01-01 2015-03-31 0001527541 us-gaap:ParentMember 2015-12-31 0001527541 us-gaap:RetainedEarningsMember 2016-01-01 2016-03-31 0001527541 us-gaap:CommonStockMember 2016-01-01 2016-03-31 0001527541 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2016-03-31 0001527541 us-gaap:SeriesBPreferredStockMember us-gaap:ParentMember 2016-01-01 2016-03-31 0001527541 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2015-12-31 0001527541 us-gaap:ParentMember 2016-01-01 2016-03-31 0001527541 us-gaap:SeriesBPreferredStockMember 2016-01-01 2016-03-31 0001527541 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0001527541 us-gaap:RetainedEarningsMember 2015-12-31 0001527541 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2016-03-31 0001527541 us-gaap:CommonStockMember 2015-12-31 0001527541 us-gaap:NoncontrollingInterestMember 2016-01-01 2016-03-31 0001527541 us-gaap:RetainedEarningsMember 2016-03-31 0001527541 us-gaap:NoncontrollingInterestMember 2016-03-31 0001527541 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2016-01-01 2016-03-31 0001527541 us-gaap:AdditionalPaidInCapitalMember 2016-03-31 0001527541 us-gaap:ParentMember 2016-03-31 0001527541 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-03-31 0001527541 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2015-12-31 0001527541 us-gaap:CommonStockMember 2016-03-31 0001527541 us-gaap:NoncontrollingInterestMember 2015-12-31 0001527541 2014-12-31 0001527541 2015-03-31 0001527541 us-gaap:BuildingAndBuildingImprovementsMember us-gaap:MinimumMember 2016-01-01 2016-03-31 0001527541 whlr:NewLeaseMember 2016-01-01 2016-03-31 0001527541 whlr:RenewedLeaseMember 2016-01-01 2016-03-31 0001527541 us-gaap:BuildingAndBuildingImprovementsMember us-gaap:MaximumMember 2016-01-01 2016-03-31 0001527541 us-gaap:LeasesAcquiredInPlaceMember 2016-03-31 0001527541 whlr:LegalAndMarketingMember 2016-03-31 0001527541 us-gaap:LeasesAcquiredInPlaceMember 2015-12-31 0001527541 whlr:LegalAndMarketingMember 2015-12-31 0001527541 whlr:LeaseOriginationCostsMember 2016-03-31 0001527541 whlr:TenantRelationshipsMember 2016-03-31 0001527541 us-gaap:LandMember 2016-03-31 0001527541 us-gaap:LandMember 2015-12-31 0001527541 us-gaap:BuildingAndBuildingImprovementsMember 2016-03-31 0001527541 us-gaap:BuildingAndBuildingImprovementsMember 2015-12-31 0001527541 whlr:Ft.HowardSquareMember 2016-01-01 2016-03-31 0001527541 whlr:NonConvertibleSeniorNotesMember 2016-01-01 2016-03-31 0001527541 whlr:PortCrossingShoppingCenterMember 2015-12-31 0001527541 whlr:BrookRunShoppingCenterMember 2016-01-01 2016-03-31 0001527541 whlr:SouthCarolinaFoodLionsNoteMember 2015-12-31 0001527541 whlr:ConyersCrossingMember 2016-01-01 2016-03-31 0001527541 whlr:MonarchBankLineOfCreditMember us-gaap:LineOfCreditMember 2016-03-31 0001527541 whlr:ParkwayPlazaShoppingCenterMember 2016-03-31 0001527541 whlr:BarnettPortfolioMember 2016-01-01 2016-03-31 0001527541 whlr:ButlerSquareMember 2016-03-31 0001527541 whlr:FreewayJunctionMember 2016-01-01 2016-03-31 0001527541 whlr:DFIEdentonMember 2016-03-31 0001527541 whlr:ConvertibleSeniorNotesMember 2016-03-31 0001527541 whlr:CrockettSquareMember 2016-03-31 0001527541 whlr:TwinCityCommonsMember 2016-03-31 0001527541 whlr:DFIEdentonMember 2016-01-01 2016-03-31 0001527541 whlr:KeyBankMember us-gaap:LineOfCreditMember 2016-01-01 2016-03-31 0001527541 whlr:BryanStationMember 2016-03-31 0001527541 whlr:CrockettSquareMember 2015-12-31 0001527541 whlr:BrookRunShoppingCenterMember 2015-12-31 0001527541 whlr:ShoppesAtTjMaxxMember 2016-03-31 0001527541 whlr:ShoppesAtTjMaxxMember 2016-01-01 2016-03-31 0001527541 whlr:WalnutHillPlazaMember 2016-03-31 0001527541 whlr:Ft.HowardSquareMember 2016-03-31 0001527541 whlr:ShoppesAtEagleHarborMember 2015-12-31 0001527541 whlr:ShoppesAtEagleHarborMember 2016-01-01 2016-03-31 0001527541 whlr:TampaFestivalMember 2016-03-31 0001527541 whlr:CrockettSquareMember 2016-01-01 2016-03-31 0001527541 whlr:ColumbiaFireStationMember 2016-01-01 2016-03-31 0001527541 whlr:RiversedgeNorthMember 2015-12-31 0001527541 whlr:FreewayJunctionMember 2016-03-31 0001527541 whlr:ColumbiaFireStationMember 2015-12-31 0001527541 whlr:WinslowPlazaShoppingCenterMember 2016-03-31 0001527541 whlr:PortCrossingShoppingCenterMember 2016-01-01 2016-03-31 0001527541 whlr:TampaFestivalMember 2015-12-31 0001527541 whlr:BarnettPortfolioMember 2016-03-31 0001527541 whlr:AlexCityMarketplaceMember 2015-12-31 0001527541 whlr:BeaverVillageIandIIMember 2016-03-31 0001527541 whlr:RiversedgeNorthMember 2016-03-31 0001527541 whlr:ColumbiaFireStationMember 2016-03-31 0001527541 whlr:WalnutHillPlazaMember 2015-12-31 0001527541 whlr:ButlerSquareMember 2015-12-31 0001527541 whlr:BryanStationMember 2016-01-01 2016-03-31 0001527541 whlr:HarrodsburgMarketplaceMember 2016-03-31 0001527541 whlr:DFIMoyockMember 2016-03-31 0001527541 whlr:AlexCityMarketplaceMember 2016-03-31 0001527541 whlr:MonarchBankLineOfCreditMember us-gaap:LineOfCreditMember 2016-01-01 2016-03-31 0001527541 whlr:GraystoneCrossingMember 2016-03-31 0001527541 whlr:ForrestGalleryShoppingCenterMember 2016-01-01 2016-03-31 0001527541 whlr:PierpontCentreMember 2016-03-31 0001527541 whlr:Ft.HowardSquareMember 2015-12-31 0001527541 whlr:WalnutHillPlazaMember 2016-01-01 2016-03-31 0001527541 whlr:TampaFestivalMember 2016-01-01 2016-03-31 0001527541 whlr:ButlerSquareMember 2016-01-01 2016-03-31 0001527541 whlr:SunshinePlazaMember 2016-03-31 0001527541 whlr:ConyersCrossingMember 2016-03-31 0001527541 whlr:PierpontCentreMember 2015-12-31 0001527541 whlr:SunshinePlazaMember 2015-12-31 0001527541 whlr:ParkwayPlazaShoppingCenterMember 2015-12-31 0001527541 whlr:PerimeterSquareMember 2015-12-31 0001527541 whlr:BrookRunShoppingCenterMember 2016-03-31 0001527541 whlr:BeaverVillageIandIIMember 2015-12-31 0001527541 whlr:MonarchBankLineOfCreditMember us-gaap:LineOfCreditMember 2015-12-31 0001527541 whlr:DFIMoyockMember 2015-12-31 0001527541 whlr:BarnettPortfolioMember 2015-12-31 0001527541 whlr:ForrestGalleryShoppingCenterMember 2016-03-31 0001527541 whlr:HarborPointMember 2016-01-01 2016-03-31 0001527541 whlr:PierpontCentreMember 2016-01-01 2016-03-31 0001527541 whlr:GroveParkShoppingCenterMember 2016-03-31 0001527541 whlr:FreewayJunctionMember 2015-12-31 0001527541 whlr:PerimeterSquareMember 2016-01-01 2016-03-31 0001527541 whlr:ShoppesAtEagleHarborMember 2016-03-31 0001527541 whlr:TwinCityCommonsMember 2016-01-01 2016-03-31 0001527541 whlr:PortCrossingShoppingCenterMember 2016-03-31 0001527541 whlr:SunshinePlazaMember 2016-01-01 2016-03-31 0001527541 whlr:MonarchBankBuildingMember 2016-01-01 2016-03-31 0001527541 whlr:PerimeterSquareMember 2016-03-31 0001527541 whlr:GraystoneCrossingMember 2015-12-31 0001527541 whlr:BeaverVillageIandIIMember 2016-01-01 2016-03-31 0001527541 whlr:NonConvertibleSeniorNotesMember 2016-03-31 0001527541 whlr:WinslowPlazaShoppingCenterMember 2016-01-01 2016-03-31 0001527541 whlr:CypressShoppingCenterMember 2016-03-31 0001527541 whlr:LaGrangeMarketplaceMember 2016-03-31 0001527541 whlr:CypressShoppingCenterMember 2015-12-31 0001527541 whlr:MonarchBankBuildingMember 2016-03-31 0001527541 whlr:GroveParkShoppingCenterMember 2016-01-01 2016-03-31 0001527541 whlr:HarrodsburgMarketplaceMember 2015-12-31 0001527541 whlr:HarborPointMember 2016-03-31 0001527541 whlr:NonConvertibleSeniorNotesMember 2015-12-31 0001527541 whlr:SouthCarolinaFoodLionsNoteMember 2016-03-31 0001527541 whlr:SouthCarolinaFoodLionsNoteMember 2016-01-01 2016-03-31 0001527541 whlr:ShoppesAtTjMaxxMember 2015-12-31 0001527541 whlr:LaGrangeMarketplaceMember 2016-01-01 2016-03-31 0001527541 whlr:KeyBankMember us-gaap:LineOfCreditMember 2016-03-31 0001527541 whlr:HarrodsburgMarketplaceMember 2016-01-01 2016-03-31 0001527541 whlr:TwinCityCommonsMember 2015-12-31 0001527541 whlr:MonarchBankBuildingMember 2015-12-31 0001527541 whlr:LaGrangeMarketplaceMember 2015-12-31 0001527541 whlr:CypressShoppingCenterMember 2016-01-01 2016-03-31 0001527541 whlr:RiversedgeNorthMember 2016-01-01 2016-03-31 0001527541 whlr:ForrestGalleryShoppingCenterMember 2015-12-31 0001527541 whlr:ParkwayPlazaShoppingCenterMember 2016-01-01 2016-03-31 0001527541 whlr:GraystoneCrossingMember 2016-01-01 2016-03-31 0001527541 whlr:GroveParkShoppingCenterMember 2015-12-31 0001527541 whlr:DFIEdentonMember 2015-12-31 0001527541 whlr:BryanStationMember 2015-12-31 0001527541 whlr:AlexCityMarketplaceMember 2016-01-01 2016-03-31 0001527541 whlr:DFIMoyockMember 2016-01-01 2016-03-31 0001527541 whlr:ConvertibleSeniorNotesMember 2015-12-31 0001527541 whlr:ConyersCrossingMember 2015-12-31 0001527541 whlr:WinslowPlazaShoppingCenterMember 2015-12-31 0001527541 whlr:ConvertibleSeniorNotesMember 2016-01-01 2016-03-31 0001527541 whlr:HarborPointMember 2015-12-31 0001527541 whlr:KeyBankMember us-gaap:LineOfCreditMember 2015-05-29 0001527541 2014-03-18 0001527541 whlr:A2015ShareIncentivePlanMember 2016-03-31 0001527541 whlr:OperatingPartnershipCommonUnitsMember 2016-01-01 2016-03-31 0001527541 whlr:A2015ShareIncentivePlanMember 2016-01-01 2016-03-31 0001527541 us-gaap:PreferredStockMember 2016-01-01 2016-03-31 0001527541 us-gaap:PreferredStockMember 2016-03-31 0001527541 us-gaap:WarrantMember 2016-01-01 2016-03-31 0001527541 us-gaap:ConvertibleDebtMember 2016-03-31 0001527541 whlr:MidAtlanticMember 2016-03-31 0001527541 whlr:WHLRCharlestonOfficeMember 2015-01-01 2015-03-31 0001527541 whlr:BeaverRuinVillageIIMember 2015-01-01 2015-03-31 0001527541 whlr:WHLRCharlestonOfficeMember 2016-01-01 2016-03-31 0001527541 whlr:SoutheastMember 2016-03-31 0001527541 whlr:BeaverRuinVillageIIMember 2016-01-01 2016-03-31 0001527541 whlr:AmscotBuildingMember 2015-01-01 2015-03-31 0001527541 whlr:BeaverRuinVillageMember 2016-01-01 2016-03-31 0001527541 whlr:AmscotBuildingMember 2016-01-01 2016-03-31 0001527541 whlr:BeaverRuinVillageMember 2015-01-01 2015-03-31 0001527541 whlr:SouthwestMember 2016-03-31 0001527541 whlr:NortheastMember 2016-03-31 0001527541 whlr:WheelerInterestsAndAffiliatesMember 2015-03-31 0001527541 whlr:WheelerInterestsAndAffiliatesMember 2015-01-01 2015-03-31 0001527541 whlr:WheelerInterestsAndAffiliatesMember 2016-03-31 0001527541 whlr:WheelerInterestsAndAffiliatesMember 2016-01-01 2016-03-31 0001527541 whlr:PinelandShoppingCenterMember 2016-03-31 0001527541 whlr:ACPortfolioMemberMember us-gaap:SubsequentEventMember 2016-04-12 2016-04-12 0001527541 whlr:ACPortfolioMemberMember us-gaap:OtherIntangibleAssetsMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:ACPortfolioMemberMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:ACPortfolioMemberMember us-gaap:AboveMarketLeasesMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:ConvertibleSeniorNotesMember us-gaap:SubsequentEventMember 2016-04-28 0001527541 us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember 2016-04-08 2016-04-08 0001527541 whlr:KeyBankMember us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:ConvertibleSeniorNotesMember us-gaap:SubsequentEventMember 2016-04-28 2016-04-28 0001527541 us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember 2016-04-08 0001527541 whlr:ACPortfolioMemberMember 2015-01-01 2015-03-31 0001527541 whlr:ACPortfolioMemberMember 2016-01-01 2016-03-31 0001527541 whlr:LakeMurrayMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:LakeGreenwoodCrossingMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:DevineStreetMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:ShoppesatMyrtleParkMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:GeorgetownMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:MoncksCornerMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:St.MatthewsMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:RidgelandMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:LadsonCrossingMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:SouthLakeMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:DarienShoppingCenterMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:LitchfieldMarketVillageMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:SouthParkMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:FollyRoadMember us-gaap:SubsequentEventMember 2016-04-12 0001527541 whlr:KeyBankMember us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember 2016-04-12 2016-04-12 xbrli:shares utreg:sqft xbrli:pure whlr:property iso4217:USD iso4217:USD xbrli:shares whlr:Building false --12-31 Q1 2016 2016-03-31 10-Q 0001527541 66403669 Accelerated Filer Wheeler Real Estate Investment Trust, Inc. 2770000 3452700 3060825 653242 413310 220370984 220171165 2031486 3146980 45172 62086 411394 391300 0 0 197215 71612 441392 189542 2031486 3146980 3354583 605358 26001 38464 47794 29572 52607 47546 39218 86740 26800 20029 56380 44318 60874 29015 369775 377408 309243242 301946960 1692473 1682526 2662231 888889 -0.85 -0.06 -0.85 -0.06 -4759684 -4009869 5500993 8445894 71000000 2000000 2942219 12124143 71000000 58595869 9969748 80958326 10706185 7029642 70988578 -3676543 -18560 -5269 914388 0 265466 4034 6990000 3920000 0.0001 6000000 0.09 0.05 0.01 0.01 0.01 75000000 150000000 66259673 66314380 66259673 66314380 662596 663143 3000000 0 3000000 0 0.0500 2160000 0.039 0.043 0.0473 0.039 0.0452 0.0408 0.08 0.0467 0.0447 0.047 0.0375 0.05 0.0540 0.046 0.0457 0.0455 0.0452 0.0585 0.0455 0.050 0.0415 0.0457 0.0638 0.0395 0.0484 0.0600 0.0434 0.0388 0.0525 0.0457 0.0556 0.0486 0.055 0.0482 0.0294 0.0425 0.0900 0.0900 0.09 0.08 Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only Interest only 250000 10665 50973 20386 11024 19112 13813 9473 28089 34788 8802 25100 33880 68320 50797 17827 24273 4710000 35259526 19091917 129325 33982124 17394320 121676 1376652 1307099 4711374 4603297 2012996 3487568 969492 1733107 3000978 4880087 46367 20525 46367 20525 0.01 0.00 38945 28998 10754 4753 2616 2616 235745 22108 316277 56897 282112 42633 366024 366024 1966806 1961625 1284888 1284888 598389 99530 2016-04-15 3495106 4246197 3990888 3990888 992883 3734897 0.0175 1245605 422774 2502223 511300 -0.80 -0.06 108893 152846 16595092 19469800 5360218 336589 21340 3788056 2171567 265388 30397 735428 1040871 97645 11541 554749 1849525 133743 15291 1095676 2789159 191515 18976 1773020 4182980 282219 24131 2771963 17394320 1307099 121676 10718892 0 25674 2308964 2281108 5485823 5485823 -462376 -332876 -4269556 -3582307 -0.81 -0.06 262342 329569 -304487 -322899 4864905 1869578 294541 -37143 -234902 -146307 55322 8405 5062674 2635025 2142719 2419815 1877966 2262379 12353963 12359346 201876504 200730293 309243242 301946960 14758 14758 1992318 1981136 45000000 67200000 37530000 0.0030 146232624 9791207 6919536 3894318 12409633 10326405 45172 62086 9101886 10282356 255309 80173155 -4006191 -4840141 -332163 -4344436 661811 -3760813 -3228906 -6263036 -3740206 9800000 0 42 7721335 7256541 7280589 10301154 -2126837 -1162492 3666632 172175 77611 119754 178858 175844 2942390 102255501 26248038 8338053 13193054 17398950 22967833 14109573 3789277 6742193 16336 16758 7533769 6522190 588464 952569 0 62169 1043284 1988732 0 1499383 2150223 4142579 331858 96552 5449388 0 10600 369306 26211 70228 1211202 88525 88525 88525 88525 2502223 511300 4500 3000000 4500 3000000 562 729119 729119 562 729119 562 729119 562 729119 452971 17085147 452971 17173672 83672828 0 8000000 0 3000000 -431540 -10145 388233 378196 -4223189 -3561782 -332876 -3228906 -3228906 0.03 212298 254891 P40Y P5Y 47198 87526 12704944 14411379 251469575 188338469 50777143 251955351 188818862 50777143 238764631 237543972 -597617 -464963 567492 2751646 7364375 7180925 -140306846 -147526640 5153752 9138662 655817 965929 184629082 5750000 8770000 9400000 10950000 4625000 5640000 450053 5960000 6337500 6625000 650000 418538 8926712 8150000 7100000 4000000 3800000 732685 3677501 2418212 1376452 3500000 4166406 8450000 6471636 962281 3634085 6081272 12375000 5900000 8627294 3225473 3535606 4620000 0 3000000 2160000 184970426 5750000 8770000 9400000 10950000 4625000 5640000 459114 5960000 6337500 6625000 400000 391723 8895572 8150000 7100000 4000000 3800000 710339 3662408 2406217 1362425 3500000 4133592 8450000 6446357 950414 3599870 6038482 12346548 5900000 8596023 3211553 3511836 4620000 6873750 3000000 3000000 0 3000000 45000 70000 1000000 702401 70000 69453 547 70000 562 729119 66259673 4055292 562 729119 66314380 4863019 807727 54707 54707 1499383 1499383 70000 98264852 90934311 107366738 452971 17085147 220370984 662596 9101886 98264852 -140306846 101216667 452971 17173672 220171165 663143 10282356 90934311 -147526640 90126 28313 203341 136176 7806467 66272926 71000000 60400000 269272 -269272 269272 0.02 -4097715 -3554453 -6599938 -4065753 69000000 0.06 0.03 273033 234929 1417079 2025-04 2025-09 2025-07 2025-06 2024-11 2025-05 2025-07 2025-10 2024-12 2024-07 2016-09 2019-07 2023-09 2024-09 2025-10 2024-10 2025-10 2016-12 2024-09 2020-03 2017-12 2025-10 2016-06 2025-02 2024-08 2019-01 2018-03 2020-05 2024-01 2025-08 2023-09 2023-01 2017-07 2025-12 2018-05 2016-09 2018-12 2016-01 P30D 4432 0 0 4539 4463 11428 250000 0.025 0.0175 2045 2056 2054 2019 P90D 0.9 1 77 14 6517529 5981123 P5D 0.23 0.02 0.72 0.03 0.92 1553674 2675025 354521 75649 176435 302010 189340456 189573723 12060172 10718892 P5Y 10 <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Advertising Costs</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company expenses advertising and promotion costs as incurred.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unaudited pro forma financial information in the aggregate is presented below for the acquisitions of the A-C Portfolio. The unaudited pro forma information presented below includes the effects of the acquisitions as if they had been consummated as of the beginning of the prior fiscal year. The pro forma results include adjustments for depreciation and amortization associated with acquired tangible and intangible assets, straight-line rent adjustments, interest expense related to debt incurred and adjustments attributable to the increase in noncontrolling interests relating to the incremental common units used as consideration in the acquisition of the A-C Portfolio.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:62%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Three Months Ended <br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rental revenue</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,445,894</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,500,993</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,009,869</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,759,684</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss attributable to Wheeler REIT</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,554,453</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,097,715</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss attributable to Wheeler REIT common shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,065,753</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,599,938</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic loss per share</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.06</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted loss per share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.06</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.85</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Cash and Cash Equivalents</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company considers all highly liquid investments purchased with an original maturity of </font><font style="font-family:inherit;font-size:10pt;">90</font><font style="font-family:inherit;font-size:10pt;">&#160;days or less or investments easily converted into known amounts of cash to be cash and cash equivalents without a significant cost to the Company. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents consist primarily of bank operating accounts and money markets. Financial instruments that potentially subject the Company to concentrations of credit risk include its cash and cash equivalents and its trade accounts receivable. The Company places its cash and cash equivalents with institutions of high credit quality.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company places its cash and cash equivalents on deposit with financial institutions in the United States and the amounts are insured by the Federal Deposit Insurance Company (&#8220;FDIC&#8221;) up to </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;">. </font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Restricted Cash</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Restricted cash represents amounts held by lenders for real estate taxes, insurance and reserves for capital improvements. The Company presents changes in cash restricted for real estate taxes and insurance as operating activities in the condensed consolidated statement of cash flows. The Company presents changes in cash restricted for capital improvements as investing activities in the condensed consolidated statement of cash flows.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commitments and Contingencies</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Lease Commitments</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Amscot property is subject to a ground lease which terminates in </font><font style="font-family:inherit;font-size:10pt;">2045</font><font style="font-family:inherit;font-size:10pt;">. The ground lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred ground lease expense of </font><font style="font-family:inherit;font-size:10pt;">$4,539</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$4,432</font><font style="font-family:inherit;font-size:10pt;"> during the quarters ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Beaver Ruin Village property is subject to a ground lease which terminates in </font><font style="font-family:inherit;font-size:10pt;">2054</font><font style="font-family:inherit;font-size:10pt;">. The ground lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred ground lease expense of </font><font style="font-family:inherit;font-size:10pt;">$11,428</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0</font><font style="font-family:inherit;font-size:10pt;"> during the quarters ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> amd </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Beaver Ruin Village II property is subject to a ground lease which terminates in </font><font style="font-family:inherit;font-size:10pt;">2056</font><font style="font-family:inherit;font-size:10pt;">. The ground lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred ground lease expense of </font><font style="font-family:inherit;font-size:10pt;">$4,463</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0</font><font style="font-family:inherit;font-size:10pt;"> during the quarters ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company leases office space in Charleston, South Carolina, subject to a lease that terminates in </font><font style="font-family:inherit;font-size:10pt;">2019</font><font style="font-family:inherit;font-size:10pt;">. The lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred lease expense of </font><font style="font-family:inherit;font-size:10pt;">$16,758</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$16,336</font><font style="font-family:inherit;font-size:10pt;"> during the quarters ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Future minimum lease payments due under the operating leases, including applicable automatic extension options, are as follows (unaudited):</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:84%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the Years Ended March 31,</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">172,175</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175,844</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">178,858</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">119,754</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77,611</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,942,390</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,666,632</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Insurance</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company carries comprehensive liability, fire, extended coverage, business interruption and rental loss insurance covering all of the properties in its portfolio under a blanket insurance policy, in addition to other coverages, such as trademark and pollution coverage that may be appropriate for certain of its properties. Additionally, the Company carries a directors&#8217;, officers&#8217;, entity and employment practices liability insurance policy that covers such claims made against the Company and its directors and officers. The Company believes the policy specifications and insured limits are appropriate and adequate for its properties given the relative risk of loss, the cost of the coverage and industry practice; however, its insurance coverage may not be sufficient to fully cover its losses.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is subject to risks incidental to the ownership and operation of commercial real estate. These risks include, among others, the risks normally associated with changes in the general economic climate, trends in the retail industry, creditworthiness of tenants, competition for tenants and customers, changes in tax laws, interest rates, the availability of financing and potential liability under environmental and other laws.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s portfolio of properties is dependent upon regional and local economic conditions and is geographically concentrated in the Northeast, Mid-Atlantic, Southeast and Southwest, which markets represented approximately </font><font style="font-family:inherit;font-size:10pt;">2%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">23%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">72%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;">, respectively, of the total annualized base rent of the properties in its portfolio as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. The Company&#8217;s geographic concentration may cause it to be more susceptible to adverse developments in those markets than if it owned a more geographically diverse portfolio. Additionally, the Company&#8217;s retail shopping center properties depend on anchor stores or major tenants to attract shoppers and could be adversely affected by the loss of, or a store closure by, one or more of these tenants.</font></div><div style="line-height:120%;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Regulatory and Environmental</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As the owner of the buildings on our properties, the Company could face liability for the presence of hazardous materials (e.g., asbestos or lead) or other adverse conditions (e.g., poor indoor air quality) in its buildings. Environmental laws govern the presence, maintenance, and removal of hazardous materials in buildings, and if the Company does not comply with such laws, it could face fines for such noncompliance. Also, the Company could be liable to third parties (e.g., occupants of the buildings) for damages related to exposure to hazardous materials or adverse conditions in its buildings, and the Company could incur material expenses with respect to abatement or remediation of hazardous materials or other adverse conditions in its buildings. In addition, some of the Company&#8217;s tenants routinely handle and use hazardous or regulated substances and wastes as part of their operations at our properties, which are subject to regulation. Such environmental and health and safety laws and regulations could subject the Company or its tenants to liability resulting from these activities. Environmental liabilities could affect a tenant&#8217;s ability to make rental payments to the Company, and changes in laws could increase the potential liability for noncompliance. This may result in significant unanticipated expenditures or may otherwise materially and adversely affect the Company&#8217;s operations. The Company is not aware of any material contingent liabilities, regulatory matters or environmental matters that may exist.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Litigation</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is involved in various legal proceedings arising in the ordinary course of its business, including, but not limited to commercial disputes. The Company believes that such litigation, claims and administrative proceedings will not have a material adverse impact on its financial position or its results of operations. The Company records a liability when it considers the loss probable and the amount can be reasonably estimated.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Details of these deferred costs, net of amortization, and other assets are as follows:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.51656920077973%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March&#160;31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease origination costs, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,307,099</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,376,652</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leases in place, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,394,320</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,091,917</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deposits</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,487,568</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,012,996</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Legal and marketing costs, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,676</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129,325</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant relationships, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,718,892</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,060,172</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">952,569</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">588,464</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Deferred Costs and Other Assets, net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,982,124</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,259,526</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Assets Held for Sale and Discontinued Operations</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">In August 2015, the Company&#8217;s management and Board of Directors committed to a plan to sell Bixby Commons, Jenks Reasors, Harps at Harbor Point, Starbucks/Verizon and the ground leases for Ruby Tuesday&#8217;s and Outback Steakhouse at Pierpont Centre (the &#8220;Freestanding Properties&#8221;) as part of the Company&#8217;s continuous evaluation of strategic alternatives. Accordingly, the Freestanding Properties have been classified as held for sale and the results of their operations have been classified as discontinued operations for all periods presented. Management expects that the sale of the Freestanding Properties will occur within one year and the Company will receive no residual cash flows once the Freestanding Properties are disposed. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, assets held for sale consisted of the following:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.34697855750487%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:35%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">March 31, <br clear="none"/>2016<br clear="none"/>(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment properties, net</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,284,888</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,284,888</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rents and other tenant receivables, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,998</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,945</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Above market leases</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,616</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,616</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred costs and other assets, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">366,024</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">366,024</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets held for sale</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,682,526</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,692,473</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, liabilities associated with assets held for sale consisted of the following:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.34697855750487%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:35%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">March 31, <br clear="none"/>2016<br clear="none"/>(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loans payable</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,961,625</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,966,806</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Below market lease intangible, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,758</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,758</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts payable, accrued expenses and other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,753</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,754</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities associated with assets held for sale</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,981,136</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,992,318</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The condensed consolidated statements of operations reflect reclassifications of rental revenue, property operating expenses, corporate general and administrative expenses and interest expense from continuing operations to income from discontinued operations for all periods presented. All interest expense disclosed below is directly related to the debt incurred to acquire the Freestanding Properties.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a summary of the income from discontinued operations for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:65%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Three Months Ended <br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenues</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99,530</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">598,389</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56,897</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316,277</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,633</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">282,112</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,108</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">235,745</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from discontinued operations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,525</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,367</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends were made to holders of common units, common shares and preferred shares as follows:</font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:92.98245614035088%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended&#160;<br clear="none"/>&#160;March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Common unit and common shareholders</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,734,897</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">992,883</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preferred shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">511,300</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,502,223</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$4,246,197</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$3,495,106</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Financial Instruments</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amount of financial instruments included in assets and liabilities approximates fair market value due to their immediate or short-term maturity.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Income Taxes</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification. In order to maintain this REIT status, the regulations require the Company to distribute at least </font><font style="font-family:inherit;font-size:10pt;">90%</font><font style="font-family:inherit;font-size:10pt;"> of its taxable income to shareholders and meet certain other asset and income tests, as well as other requirements. Thus, the Company made </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> provision for federal income taxes for the REIT in the accompanying condensed consolidated financial statements. If the Company fails to qualify as a REIT, it will be subject to tax at regular corporate rates for the years in which it failed to qualify. If the Company loses its REIT status, it could not elect to be taxed as a REIT for </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> years unless the Company&#8217;s failure to qualify was due to a reasonable cause and certain other conditions were satisfied. As the REIT was formed in November 2012, it is subject to examination by the Internal Revenue Service and state tax authorities from the date of formation.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Investment Properties</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records investment properties and related intangibles at cost or fair value upon acquisition less accumulated depreciation and amortization. Investment properties include both acquired and constructed assets. Improvements and major repairs and maintenance are capitalized when the repair and maintenance substantially extends the useful life, increases capacity or improves the efficiency of the asset. All other repair and maintenance costs are expensed as incurred. The Company capitalizes interest on projects during periods of construction until the projects reach the completion point that corresponds with their intended purpose.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company allocates the purchase price of acquisitions to the various components of the asset based upon the fair value of each component which may be derived from various observable or unobservable inputs and assumptions. Also, the Company may utilize third party valuation specialists. These components typically include buildings, land and any intangible assets related to out-of-market leases, tenant relationships and in-place leases the Company determines to exist. The Company determines fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known trends and specific market and economic conditions that may affect the property. Factors considered by management in the analysis of determining the as-if-vacant property value include an estimate of carrying costs during the expected lease-up periods considering market conditions, and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and estimates of lost rentals at market rates during the expected lease-up periods, tenant demand and other economic conditions. Management also estimates costs to execute similar leases including leasing commissions, tenant improvements, legal and other related expenses. Intangibles related to out-of-market leases, tenant relationships and in-place lease value are recorded as acquired lease intangibles and are amortized as an adjustment to rental revenue or amortization expense, as appropriate, over the remaining terms of the underlying leases. Premiums or discounts on acquired out-of-market debt are amortized to interest expense over the remaining term of such debt. </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records depreciation on buildings and improvements utilizing the straight-line method over the estimated useful life of the asset, generally </font><font style="font-family:inherit;font-size:10pt;">5</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">40</font><font style="font-family:inherit;font-size:10pt;">&#160;years. The Company reviews depreciable lives of investment properties periodically and makes adjustments to reflect a shorter economic life, when necessary. Tenant allowances, tenant inducements and tenant improvements are amortized utilizing the straight-line method over the term of the related lease or occupancy term of the tenant, if shorter.</font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts allocated to buildings are depreciated over the estimated remaining life of the acquired building or related improvements. The Company amortizes amounts allocated to tenant improvements, in-place lease assets and other lease-related intangibles over the remaining life of the underlying leases. The Company also estimates the value of other acquired intangible assets, if any, and amortizes them over the remaining life of the underlying related intangibles.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company reviews investment properties for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of investment properties may not be recoverable, but at least annually. These circumstances include, but are not limited to, declines in the property&#8217;s cash flows, occupancy and fair market value. The Company measures any impairment of investment property when the estimated undiscounted operating income before depreciation and amortization, plus its residual value, is less than the carrying value of the property. To the extent impairment has occurred, the Company charges to income the excess of the carrying value of the property over its estimated fair value. The Company estimates fair value using unobservable data such as operating income, estimated capitalization rates, or multiples, leasing prospects and local market information. The Company may decide to sell properties that are held for use and the sale prices of these properties may differ from their carrying values. The Company did not record any impairment adjustments to its properties during the quarters ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Rentals under Operating Leases</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;">Future minimum rentals to be received under noncancelable tenant operating leases for each of the next five years and thereafter, excluding Common Area Maintenance and percentage rent based on tenant sales volume, as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:16px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.4140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:83%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the Periods Ending March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,248,038</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,967,833</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,398,950</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,193,054</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,338,053</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,109,573</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total minimum rentals</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">102,255,501</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Loans Payable</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s loans payable consist of the following:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:35%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;text-decoration:underline;">Property/Description</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Monthly Payment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Interest </font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Maturity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March&#160;31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Shoppes at Eagle Harbor</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">25,100</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.34</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">March 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,599,870</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,634,085</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Monarch Bank Building</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,473</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.15</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,362,425</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,376,452</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Perimeter Square</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">28,089</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6.38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">June 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,133,592</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,166,406</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Riversedge North</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,802</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6.00</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">January 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">950,414</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">962,281</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Walnut Hill Plaza</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">24,273</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">July 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,511,836</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,535,606</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Twin City Commons</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">17,827</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.86</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">January 2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,211,553</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,225,473</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Shoppes at TJ Maxx</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">33,880</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.88</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">May 2020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,038,482</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,081,272</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Bank Line of Credit</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.25</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Bank Line of Credit</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2.94</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">May 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,873,750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,873,750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Forrest Gallery</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">50,973</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.40</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,895,572</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,926,712</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Tampa Festival</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">50,797</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.56</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2023</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,596,023</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,627,294</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Winslow Plaza</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.82</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,620,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,620,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Cypress Shopping Center</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.70</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">July 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,625,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,625,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Harrodsburg Marketplace</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">19,112</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.55</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,662,408</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,677,501</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Port Crossing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">34,788</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.84</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">August 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,446,357</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,471,636</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">LaGrange Marketplace</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">13,813</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.00</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">March 2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,406,217</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,418,212</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Freeway Junction</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.60</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,150,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,150,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">DF I-Edenton</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">250,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">1</sup>&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.75</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">400,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">650,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">DF I-Moyock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">10,665</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">July 2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">391,723</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">418,538</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Graystone Crossing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">20,386</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.55</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">October 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Bryan Station</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.52</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">November 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,625,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,625,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Crockett Square</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.47</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,337,500</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,337,500</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Harbor Point</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">11,024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">710,339</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">732,685</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Pierpont Centre</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.95</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">February 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,450,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,450,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Alex City Marketplace</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.90</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">April 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,750,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,750,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Butler Square</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.08</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">May 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,640,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,640,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Brook Run Shopping Center</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.90</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">June 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">10,950,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">10,950,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Beaver Ruin Village I and II</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.73</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">July 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,400,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,400,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Columbia Fire Station</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">459,114</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">450,053</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Sunshine Shopping Plaza</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.57</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">August 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,900,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,900,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Barnett Portfolio</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.30</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,770,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,770,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Grove Park Shopping Center</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.52</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">October 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,800,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,800,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Parkway Plaza</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.57</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">October 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,500,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,500,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Conyers Crossing</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.67</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">October 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,960,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,960,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Fort Howard Shopping Center</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.57</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">October 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">7,100,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">7,100,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Senior convertible notes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9.00</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Senior non-convertible notes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">January 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,160,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">South Carolina Food Lions note</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">68,320</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.25</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">January 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">12,346,548</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">12,375,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total Principal Balance</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">189,573,723</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">189,340,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Unamortized debt issuance cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(4,603,297</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(4,711,374</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total Loans Payable</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">184,970,426</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">184,629,082</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:32px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">$250,000</sup></font><font style="font-family:inherit;font-size:8pt;">plus accrued interest paid quarterly until maturity.</font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 29, 2015, the Operating Partnership entered into a credit agreement (the "Credit Agreement") with KeyBank National Association ("KeyBank"). Outstanding borrowings accrue monthly interest which is paid at a rate of the one-month London Interbank Offer Rate ("LIBOR") plus a margin ranging from </font><font style="font-family:inherit;font-size:10pt;">1.75%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">2.50%</font><font style="font-family:inherit;font-size:10pt;"> depending on the Company's consolidated leverage ratio. As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company has pledged Lumber River and Chesapeake Square as collateral towards the Credit Agreement with outstanding borrowings of </font><font style="font-family:inherit;font-size:10pt;">$6.87 million</font><font style="font-family:inherit;font-size:10pt;"> at an interest rate of </font><font style="font-family:inherit;font-size:10pt;">2.94%</font><font style="font-family:inherit;font-size:10pt;">. The available borrowing capacity of approximately </font><font style="font-family:inherit;font-size:10pt;">$37.53 million</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> is available for the Company as long as such amounts are fully collateralized. The amounts available to the Company under the Credit Agreement that have not been borrowed accrue fees which are paid at a rate of </font><font style="font-family:inherit;font-size:10pt;">0.30%</font><font style="font-family:inherit;font-size:10pt;"> on a monthly basis. The Credit Agreement contains certain financial covenants that the Company must meet, including minimum leverage, fixed charge coverage and debt service coverage ratios as well as a minimum tangible net worth requirement. The Company was in compliance with the financial covenants as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. The Credit Agreement also contains certain events of default that if they occur may cause KeyBank to terminate the Credit Agreement and declare amounts owed to become immediately payable. As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company has not incurred an event of default.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 29, 2016, the Company paid off </font><font style="font-family:inherit;font-size:10pt;">$2.16 million</font><font style="font-family:inherit;font-size:10pt;"> in senior subordinated debt from cash on hand.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain of the Company&#8217;s loans payable have covenants with which the Company is required to comply. As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company believes it is in compliance with all applicable covenants.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Debt Maturity</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s scheduled principal repayments on indebtedness as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.22027290448344%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:83%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For&#160;the&#160;Periods&#160;Ending March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,791,207</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,326,405</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,409,633</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,894,318</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,919,536</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,232,624</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total principal maturities</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">189,573,723</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, &#8220;Revenue from Contracts with Customers,&#8221; which supersedes the revenue recognition requirements of Accounting Standards Codification (&#8220;ASC&#8221;) Topic 605, &#8220;Revenue Recognition&#8221; and most industry-specific guidance on revenue recognition throughout the ASC. The new standard is principles based and provides a five step model to determine when and how revenue is recognized. The core principle of the new standard is that revenue should be recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also requires disclosure of qualitative and quantitative information surrounding the amount, nature, timing and uncertainty of revenues and cash flows arising from contracts with customers. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from contracts with customers (Topic 606): Identifying Performance Obligations and Licensing," which provides further guidance on identifying performance obligations and intellectual property licensing implementation. Companies are permitted to adopt the ASUs as early as fiscal years beginning after December 15, 2016, but the adoption is required for fiscal years beginning after December 15, 2017. These new standards will be effective for the Company in the first quarter of the year ended December 31, 2018 and can be applied either retrospectively to all periods presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact of adoption of the new standard on its consolidated financial statements. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, the FASB issued ASU 2014-15, "Presentation of Financial Statements - Going Concern (Subtopic 205-40)." This ASU defines management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern and provides guidance on required financial statement footnote disclosures. This ASU is effective for annual periods ending after December 15, 2016. The Company will adopt this ASU as of December 31, 2016 and use its guidance when evaluating whether there is substantial doubt about the Company's ability to continue as a going concern.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs." This new guidance requires the presentation of unamortized debt issuance costs to be shown in the liabilities section of the consolidated balance sheets as a reduction of the principal amount of the associated debt, rather than as an asset. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a retrospective approach by restating prior period comparative consolidated balance sheets. The Company adopted the ASU effective January 1, 2016 and applied it on a retrospective basis for all debt issuance costs, including those pertaining to the Company&#8217;s revolving credit facility. As a result, unamortized debt issuance costs of&#160;</font><font style="font-family:inherit;font-size:10pt;">$4.71 million</font><font style="font-family:inherit;font-size:10pt;"> as of&#160;December 31, 2015&#160;have been reclassified from other assets and presented as a deduction of indebtedness in the consolidated balance sheet.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." This new guidance requires that the acquirer recognizes adjustments to preliminary acquisition values and account for the cumulative effect of any required adjustments in the period in which they are determined. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a prospective approach for adjustments that occur after the effective date. The Company adopted the ASU effective January 1, 2016.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 is intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The ASU will require organizations that lease assets referred to as &#8220;Lessees&#8221; to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. An organization is to provide disclosures designed to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements concerning additional information about the amounts recorded in the financial statements. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP which requires only capital leases to be recognized on the balance sheet the new ASU will require both types of leases (i.e. operating and capital) to be recognized on the balance sheet. The FASB lessee accounting model will continue to account for both types of leases. The capital lease will be accounted for in substantially the same manner as capital leases are accounted for under existing GAAP. The operating lease will be accounted for in a manner similar to operating leases under existing GAAP, except that lessees will recognize a lease liability and a lease asset for all of those leases. The leasing standard will be effective for calendar year-end public companies beginning after December 15, 2018.&#160; Public companies will be required to adopt the new leasing standard for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption will be permitted for all companies and organizations upon issuance of the standard. For calendar year-end public companies, this means an adoption date of January 1, 2019 and retrospective application to previously issued annual and interim financial statements for 2018 and 2017. Lessees with a large portfolio of leases are likely to see a significant increase in balance sheet assets and liabilities. See Note 8 for the Company&#8217;s current lease commitments. The Company is currently evaluating the impact of ASU 2016-02 on its financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09, &#8220;Compensation - Stock Compensation (Topic 718):&#160; Improvements to Employee Share-Based Payment Accounting.&#8221; This ASU simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows.&#160; This ASU is effective for annual periods beginning after December 15, 2016 and early adoption is permitted.&#160; The new standard can be applied using either a prospective transition method or a retrospective transition method. The Company will adopt this ASU in 2017 and does not expect the adoption of this ASU to materially impact its financial position or results of operations.</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other accounting standards that have been issued or proposed by the FASB or other standard-setting bodies are not currently applicable to the Company or are not expected to have a significant impact on the Company&#8217;s financial position, results of operations and cash flows.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Basis of Presentation and Consolidation</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Wheeler Real Estate Investment Trust, Inc. (the &#8220;Trust&#8221; or &#8220;REIT&#8221;) is a Maryland corporation formed on June&#160;23, 2011. The Trust serves as the general partner of Wheeler REIT, L.P. (the &#8220;Operating Partnership&#8221;), which was formed as a Virginia limited partnership on April&#160;5, 2012. As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Trust, through the Operating Partnership, owned and operated </font><font style="font-family:inherit;font-size:10pt;">forty-two</font><font style="font-family:inherit;font-size:10pt;"> centers, </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> office building, and </font><font style="font-family:inherit;font-size:10pt;">ten</font><font style="font-family:inherit;font-size:10pt;"> undeveloped properties in Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Oklahoma, Tennessee, Kentucky, New Jersey and West Virginia. Accordingly, the use of the word &#8220;Company&#8221; refers to the Trust and its consolidated subsidiaries, except where the context otherwise requires.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 24, 2014, the Trust, through the Operating Partnership, acquired (i) Wheeler Interests, LLC (&#8220;WI&#8221;), an acquisition and asset management firm, (ii) Wheeler Real Estate, LLC (&#8220;WRE&#8221;), a real estate leasing, management and administration firm and (iii) WHLR Management, LLC (&#8220;WM&#8221; and collectively with WI and WRE the &#8220;Operating Companies&#8221;), a real estate business operations firm, from Jon S. Wheeler, the Company's Chairman and CEO, resulting in the Company becoming an internally-managed REIT. Accordingly, the responsibility for identifying targeted real estate investments, the handling of the disposition of real estate investments our board of directors chooses to sell, administering our day-to-day business operations, including but not limited to, leasing, property management, payroll and accounting functions, acquisitions, asset management and administration are now handled internally. </font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior to being acquired by the Company, the Operating Companies served as the external manager for the Company and its properties (the &#8220;REIT Properties&#8221;) and performed property management and leasing functions for certain related and non-related third parties (the &#8220;Non-REIT Properties&#8221;). The Company will continue to perform these services for the Non-REIT Properties through the Operating Companies, primarily through WRE. Accordingly, the Company converted WRE to a Taxable REIT Subsidiary (&#8220;TRS&#8221;) to accommodate serving the Non-REIT Properties since applicable REIT regulations consider the income derived from these services to be &#8220;bad&#8221; income subject to taxation. The regulations allow for costs incurred by the Company commensurate with the services performed for the Non-REIT Properties to be allocated to a TRS. </font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During January 2014, the Company acquired Wheeler Development, LLC (&#8220;WD&#8221;) and converted it to a TRS. The Company began performing development activities for both REIT Properties and Non-REIT Properties during 2015. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The condensed consolidated financial statements included in this Quarterly Report on Form 10-Q (the &#8220;Form 10-Q&#8221;) are unaudited and the results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for future periods or the year. However, amounts presented in the condensed consolidated balance sheet as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> are derived from the Company&#8217;s audited consolidated financial statements as of that date, but do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) for complete financial statements. The Company prepared the accompanying condensed consolidated financial statements in accordance with GAAP for interim financial statements. All material balances and transactions between the consolidated entities of the Company have been eliminated. You should read these condensed consolidated financial statements in conjunction with our </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> Annual Report filed on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> (the &#8220;2015 Form 10-K&#8221;).</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior period amounts to make their presentation comparable with the current period. These reclassifications had no impact on net income.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Investment Properties</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment properties consist of the following:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.12670565302143%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March&#160;31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Land</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,777,143</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,777,143</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Land held for improvement</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,359,346</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,353,963</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">188,818,862</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">188,338,469</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment properties at cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251,955,351</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251,469,575</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,411,379</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,704,944</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment properties, net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">237,543,972</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">238,764,631</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s depreciation expense on investment properties was </font><font style="font-family:inherit;font-size:10pt;">$1,733,107</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$969,492</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A significant portion of the Company&#8217;s land, buildings and improvements serves as collateral for its mortgage loans payable portfolio. Accordingly, restrictions exist as to the encumbered property&#8217;s transferability, use and other common rights typically associated with property ownership.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Assets Held For Sale</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records assets as held for sale when management has committed to a plan to sell the assets, actively seeks a buyer for the assets, and the consummation of the sale is considered probable and is expected within one year.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Related Party Transactions</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> The amounts disclosed below reflect the activity between the Company, Mr. Wheeler's affiliates and the Operating Companies through the date of acquisition. All amounts subsequent to the acquisition date have been eliminated in consolidation. </font></div><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.12670565302143%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts paid to affiliates</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75,649</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">354,521</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts received from affiliates</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(302,010</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(176,435</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts due from affiliates</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(464,963</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(597,617</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company, through the Operating Partnership, is performing development services for Pineland Associates, LLC and several of its affiliated parties (&#8220;Pineland&#8221;), all of which are related parties of the Company, for the redevelopment of Pineland Station Shopping Center in Hilton Head, South Carolina. Pineland is responsible for development fees on the hard construction costs and reimbursing the Company for any costs advanced towards the project. As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company had advanced approximately </font><font style="font-family:inherit;font-size:10pt;">$2.77 million</font><font style="font-family:inherit;font-size:10pt;"> towards the project. This amount is included in the "Deferred costs and other assets" line item on the Condensed Consolidated Balance Sheet.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company retains substantially all of the risks and benefits of ownership of the investment properties and accounts for its leases as operating leases. The Company accrues minimum rents on a straight-line basis over the terms of the respective leases which results in an unbilled rent asset or deferred rent liability being recorded on the balance sheet. Additionally, certain of the lease agreements contain provisions that grant additional rents based on tenants&#8217; sales volumes (contingent or percentage rent). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. During the </font><font style="font-family:inherit;font-size:10pt;">three months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, the Company recognized percentage rents of </font><font style="font-family:inherit;font-size:10pt;">$70,228</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$26,211</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s leases generally require the tenant to reimburse the Company for a substantial portion of its expenses incurred in operating, maintaining, repairing, insuring and managing the shopping center and common areas (collectively defined as Common Area Maintenance or &#8220;CAM&#8221; expenses). The Company includes these reimbursements, along with other revenue derived from late fees and seasonal events, under the Condensed Consolidated Statements of Operations caption "Tenant reimbursements and other income." This significantly reduces the Company&#8217;s exposure to increases in costs and operating expenses resulting from inflation or other outside factors. The Company accrues reimbursements from tenants for recoverable portions of all these expenses as revenue in the period the applicable expenditures are incurred. The Company calculates the tenant&#8217;s share of operating costs by multiplying the total amount of the operating costs by a fraction, the numerator of which is the total number of square feet being leased by the tenant, and the denominator of which is the average total square footage of all leasable buildings at the property. The Company also receives escrow payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes differences between estimated recoveries and the final billed amounts in the subsequent year. These differences were not material for the quarters ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes lease termination fees in the period that the lease is terminated and collection of the fees is reasonably assured. Upon early lease termination, the Company provides for losses related to unrecovered intangibles and other assets.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s loans payable consist of the following:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:35%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;text-decoration:underline;">Property/Description</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Monthly Payment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Interest </font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Maturity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March&#160;31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Shoppes at Eagle Harbor</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">25,100</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.34</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">March 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,599,870</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,634,085</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Monarch Bank Building</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,473</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.15</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,362,425</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,376,452</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Perimeter Square</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">28,089</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6.38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">June 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,133,592</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,166,406</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Riversedge North</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,802</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6.00</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">January 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">950,414</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">962,281</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Walnut Hill Plaza</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">24,273</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">July 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,511,836</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,535,606</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Twin City Commons</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">17,827</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.86</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">January 2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,211,553</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,225,473</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Shoppes at TJ Maxx</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">33,880</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.88</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">May 2020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,038,482</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,081,272</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Bank Line of Credit</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.25</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Bank Line of Credit</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2.94</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">May 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,873,750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,873,750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Forrest Gallery</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">50,973</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.40</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,895,572</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,926,712</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Tampa Festival</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">50,797</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.56</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2023</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,596,023</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,627,294</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Winslow Plaza</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.82</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,620,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,620,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Cypress Shopping Center</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.70</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">July 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,625,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,625,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Harrodsburg Marketplace</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">19,112</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.55</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,662,408</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,677,501</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Port Crossing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">34,788</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.84</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">August 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,446,357</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,471,636</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">LaGrange Marketplace</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">13,813</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.00</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">March 2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,406,217</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,418,212</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Freeway Junction</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.60</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,150,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,150,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">DF I-Edenton</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">250,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">1</sup>&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.75</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">400,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">650,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">DF I-Moyock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">10,665</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">July 2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">391,723</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">418,538</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Graystone Crossing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">20,386</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.55</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">October 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Bryan Station</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.52</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">November 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,625,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,625,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Crockett Square</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.47</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,337,500</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,337,500</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Harbor Point</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">11,024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">710,339</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">732,685</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Pierpont Centre</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.95</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">February 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,450,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,450,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Alex City Marketplace</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.90</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">April 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,750,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,750,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Butler Square</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.08</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">May 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,640,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,640,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Brook Run Shopping Center</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.90</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">June 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">10,950,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">10,950,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Beaver Ruin Village I and II</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.73</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">July 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,400,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,400,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Columbia Fire Station</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">459,114</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">450,053</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Sunshine Shopping Plaza</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.57</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">August 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,900,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,900,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Barnett Portfolio</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.30</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">September 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,770,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,770,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Grove Park Shopping Center</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.52</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">October 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,800,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,800,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Parkway Plaza</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.57</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">October 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,500,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,500,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Conyers Crossing</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.67</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">October 2025</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,960,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,960,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Fort Howard Shopping Center</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.57</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">October 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">7,100,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">7,100,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Senior convertible notes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9.00</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">December 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Senior non-convertible notes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest only</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">January 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,160,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">South Carolina Food Lions note</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">68,320</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.25</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">January 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">12,346,548</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">12,375,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total Principal Balance</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">189,573,723</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">189,340,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Unamortized debt issuance cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(4,603,297</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(4,711,374</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total Loans Payable</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">184,970,426</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">184,629,082</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:32px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">$250,000</sup></font><font style="font-family:inherit;font-size:8pt;">plus accrued interest paid quarterly until maturity.</font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, assets held for sale consisted of the following:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.34697855750487%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:35%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">March 31, <br clear="none"/>2016<br clear="none"/>(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment properties, net</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,284,888</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,284,888</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rents and other tenant receivables, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,998</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,945</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Above market leases</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,616</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,616</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred costs and other assets, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">366,024</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">366,024</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets held for sale</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,682,526</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,692,473</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, liabilities associated with assets held for sale consisted of the following:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.34697855750487%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:35%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">March 31, <br clear="none"/>2016<br clear="none"/>(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loans payable</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,961,625</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,966,806</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Below market lease intangible, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,758</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,758</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts payable, accrued expenses and other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,753</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,754</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities associated with assets held for sale</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,981,136</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,992,318</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a summary of the income from discontinued operations for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:65%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Three Months Ended <br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenues</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99,530</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">598,389</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56,897</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316,277</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,633</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">282,112</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,108</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">235,745</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from discontinued operations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,525</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,367</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;">Future minimum rentals to be received under noncancelable tenant operating leases for each of the next five years and thereafter, excluding Common Area Maintenance and percentage rent based on tenant sales volume, as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:16px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.4140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:83%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the Periods Ending March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,248,038</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,967,833</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,398,950</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,193,054</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,338,053</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,109,573</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total minimum rentals</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">102,255,501</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s scheduled principal repayments on indebtedness as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.22027290448344%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:83%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For&#160;the&#160;Periods&#160;Ending March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,791,207</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,326,405</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,409,633</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,894,318</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,919,536</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,232,624</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total principal maturities</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">189,573,723</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following summarizes the consideration paid and the preliminary fair values of assets acquired and liabilities assumed in conjunction with the acquisitions described above, along with a description of the methods used to determine fair value. In determining fair values, the Company considered many factors including, but not limited to, cash flows, market cap rates, location, occupancy rates, appraisals, other acquisitions and management&#8217;s knowledge of the current acquisition market for similar properties. The valuation and purchase price allocation for this acquisition are preliminary, but are expected to be finalized by March 31, 2017.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;padding-left:48px;text-indent:-48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:97.07602339181285%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td style="width:20%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A-C Portfolio</font></div></td></tr><tr><td colspan="4" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preliminary fair value of assets acquired and liabilities assumed:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment property (a)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,595,869</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease intangibles and other assets (b)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,124,143</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Above market leases (c)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,942,219</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Below market leases (c)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,662,231</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preliminary fair value of net assets acquired:</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,000,000</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Purchase consideration:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Consideration paid with cash and debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Consideration paid with common units</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,000,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total consideration (d)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,000,000</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">a.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Represents the preliminary fair value of the net investment properties acquired which includes land, buildings, site improvements and tenant improvements. The preliminary fair value was determined using following approaches:</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;padding-left:72px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">i. the market approach valuation methodology for land by considering similar transactions in the markets;</font></div><div style="line-height:120%;padding-bottom:16px;padding-left:72px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ii. a combination of the cost approach and income approach valuation methodologies for buildings, including replacement cost evaluations, &#8220;go dark&#8221; analyses and residual calculations incorporating the land values; and</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">iii.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the cost approach valuation methodology for site and tenant improvements, including replacement costs and prevailing quoted market rates.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">b.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Represents the preliminary fair value of lease intangibles and other assets. Lease intangibles include leasing commissions, in place leases and tenant relationships associated with replacing existing leases. The income approach was used to determine the fair value of these intangible assets which included estimated market rates and expenses. It was determined that carrying value approximated fair value for other asset amounts.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">c.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Represents the fair value of above/below market leases. The income approach was used to determine the fair value of above/below market leases using market rental rates for similar properties. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">d.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Represents the components of purchase consideration paid.</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.12670565302143%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts paid to affiliates</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75,649</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">354,521</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts received from affiliates</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(302,010</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(176,435</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts due from affiliates</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(464,963</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(597,617</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Future amortization of lease origination costs, leases in place, legal and marketing costs and tenant relationships is as follows:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:49%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the Periods Ending March 31,</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Lease</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Origination</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Leases In</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Place</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Legal &amp;</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Marketing</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Tenant</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Relationships</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">336,589</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,360,218</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,340</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,788,056</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">282,219</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,182,980</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,131</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,771,963</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">191,515</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,789,159</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,976</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,773,020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">133,743</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,849,525</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,291</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,095,676</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">97,645</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,040,871</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">554,749</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">265,388</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,171,567</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,397</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">735,428</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,307,099</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,394,320</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,676</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,718,892</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> Summary of Significant Accounting Policies</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Investment Properties</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records investment properties and related intangibles at cost or fair value upon acquisition less accumulated depreciation and amortization. Investment properties include both acquired and constructed assets. Improvements and major repairs and maintenance are capitalized when the repair and maintenance substantially extends the useful life, increases capacity or improves the efficiency of the asset. All other repair and maintenance costs are expensed as incurred. The Company capitalizes interest on projects during periods of construction until the projects reach the completion point that corresponds with their intended purpose.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company allocates the purchase price of acquisitions to the various components of the asset based upon the fair value of each component which may be derived from various observable or unobservable inputs and assumptions. Also, the Company may utilize third party valuation specialists. These components typically include buildings, land and any intangible assets related to out-of-market leases, tenant relationships and in-place leases the Company determines to exist. The Company determines fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known trends and specific market and economic conditions that may affect the property. Factors considered by management in the analysis of determining the as-if-vacant property value include an estimate of carrying costs during the expected lease-up periods considering market conditions, and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and estimates of lost rentals at market rates during the expected lease-up periods, tenant demand and other economic conditions. Management also estimates costs to execute similar leases including leasing commissions, tenant improvements, legal and other related expenses. Intangibles related to out-of-market leases, tenant relationships and in-place lease value are recorded as acquired lease intangibles and are amortized as an adjustment to rental revenue or amortization expense, as appropriate, over the remaining terms of the underlying leases. Premiums or discounts on acquired out-of-market debt are amortized to interest expense over the remaining term of such debt. </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records depreciation on buildings and improvements utilizing the straight-line method over the estimated useful life of the asset, generally </font><font style="font-family:inherit;font-size:10pt;">5</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">40</font><font style="font-family:inherit;font-size:10pt;">&#160;years. The Company reviews depreciable lives of investment properties periodically and makes adjustments to reflect a shorter economic life, when necessary. Tenant allowances, tenant inducements and tenant improvements are amortized utilizing the straight-line method over the term of the related lease or occupancy term of the tenant, if shorter.</font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts allocated to buildings are depreciated over the estimated remaining life of the acquired building or related improvements. The Company amortizes amounts allocated to tenant improvements, in-place lease assets and other lease-related intangibles over the remaining life of the underlying leases. The Company also estimates the value of other acquired intangible assets, if any, and amortizes them over the remaining life of the underlying related intangibles.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company reviews investment properties for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of investment properties may not be recoverable, but at least annually. These circumstances include, but are not limited to, declines in the property&#8217;s cash flows, occupancy and fair market value. The Company measures any impairment of investment property when the estimated undiscounted operating income before depreciation and amortization, plus its residual value, is less than the carrying value of the property. To the extent impairment has occurred, the Company charges to income the excess of the carrying value of the property over its estimated fair value. The Company estimates fair value using unobservable data such as operating income, estimated capitalization rates, or multiples, leasing prospects and local market information. The Company may decide to sell properties that are held for use and the sale prices of these properties may differ from their carrying values. The Company did not record any impairment adjustments to its properties during the quarters ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Cash and Cash Equivalents</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company considers all highly liquid investments purchased with an original maturity of </font><font style="font-family:inherit;font-size:10pt;">90</font><font style="font-family:inherit;font-size:10pt;">&#160;days or less or investments easily converted into known amounts of cash to be cash and cash equivalents without a significant cost to the Company. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents consist primarily of bank operating accounts and money markets. Financial instruments that potentially subject the Company to concentrations of credit risk include its cash and cash equivalents and its trade accounts receivable. The Company places its cash and cash equivalents with institutions of high credit quality.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company places its cash and cash equivalents on deposit with financial institutions in the United States and the amounts are insured by the Federal Deposit Insurance Company (&#8220;FDIC&#8221;) up to </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company had cash balances of </font><font style="font-family:inherit;font-size:10pt;">$3.92 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$6.99 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, that exceeded the FDIC coverage, but management believes that the risk of loss is minimal.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Restricted Cash</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Restricted cash represents amounts held by lenders for real estate taxes, insurance and reserves for capital improvements. The Company presents changes in cash restricted for real estate taxes and insurance as operating activities in the condensed consolidated statement of cash flows. The Company presents changes in cash restricted for capital improvements as investing activities in the condensed consolidated statement of cash flows.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Tenant Receivables and Unbilled Rent</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant receivables include base rents, tenant reimbursements and receivables attributable to recording rents on a straight-line basis. The Company determines an allowance for the uncollectible portion of accrued rents and accounts receivable based upon customer credit-worthiness (including expected recovery of a claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends. The Company considers a receivable past due once it becomes delinquent per the terms of the lease. The Company&#8217;s standard lease form considers a rent charge past due after </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> days. A past due receivable triggers certain events such as notices, fees and other allowable and required actions per the lease. As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company&#8217;s allowance for uncollectible accounts totaled </font><font style="font-family:inherit;font-size:10pt;">$391,300</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$411,394</font><font style="font-family:inherit;font-size:10pt;">, respectively. During the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, the Company recorded bad debt expenses in the amount of </font><font style="font-family:inherit;font-size:10pt;">$87,526</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$47,198</font><font style="font-family:inherit;font-size:10pt;">, respectively, related to tenant receivables that were specifically identified as potentially uncollectible based on an assessment of the tenant&#8217;s credit-worthiness. During the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, the Company did not realize any recoveries related to tenant receivables previously written off.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Above and Below Market Lease Intangibles, net</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;">The Company determines the above and below market lease intangibles upon acquiring a property. Above and below market lease intangibles are amortized over the life of the respective leases. Amortization of above and below market lease intangibles is recorded as a component of rental revenues.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Deferred Costs and Other Assets, net</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s deferred costs and other assets consist primarily of leasing commissions, capitalized legal and marketing costs and tenant relationship intangibles associated with acquisitions. The Company&#8217;s lease origination costs consist primarily of the portion of property acquisitions allocated to lease originations and commissions paid in connection with lease originations.</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Details of these deferred costs, net of amortization, and other assets are as follows:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.51656920077973%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March&#160;31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease origination costs, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,307,099</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,376,652</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leases in place, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,394,320</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,091,917</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deposits</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,487,568</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,012,996</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Legal and marketing costs, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,676</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129,325</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant relationships, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,718,892</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,060,172</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">952,569</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">588,464</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Deferred Costs and Other Assets, net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,982,124</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,259,526</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of lease origination costs, leases in place and legal and marketing costs represents a component of depreciation and amortization expense. As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company&#8217;s intangible accumulated amortization totaled </font><font style="font-family:inherit;font-size:10pt;">$19,469,800</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$16,595,092</font><font style="font-family:inherit;font-size:10pt;">, respectively. During the three months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, the Company&#8217;s intangible amortization expense totaled </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">$3,146,980</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">$2,031,486</font><font style="font-family:inherit;font-size:10pt;">, respectively. Future amortization of lease origination costs, leases in place, legal and marketing costs and tenant relationships is as follows:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:49%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the Periods Ending March 31,</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Lease</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Origination</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Leases In</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Place</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Legal &amp;</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Marketing</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Tenant</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Relationships</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">336,589</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,360,218</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,340</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,788,056</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">282,219</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,182,980</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,131</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,771,963</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">191,515</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,789,159</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,976</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,773,020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">133,743</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,849,525</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,291</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,095,676</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">97,645</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,040,871</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">554,749</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">265,388</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,171,567</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,397</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">735,428</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,307,099</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,394,320</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,676</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,718,892</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company retains substantially all of the risks and benefits of ownership of the investment properties and accounts for its leases as operating leases. The Company accrues minimum rents on a straight-line basis over the terms of the respective leases which results in an unbilled rent asset or deferred rent liability being recorded on the balance sheet. Additionally, certain of the lease agreements contain provisions that grant additional rents based on tenants&#8217; sales volumes (contingent or percentage rent). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. During the </font><font style="font-family:inherit;font-size:10pt;">three months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, the Company recognized percentage rents of </font><font style="font-family:inherit;font-size:10pt;">$70,228</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$26,211</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s leases generally require the tenant to reimburse the Company for a substantial portion of its expenses incurred in operating, maintaining, repairing, insuring and managing the shopping center and common areas (collectively defined as Common Area Maintenance or &#8220;CAM&#8221; expenses). The Company includes these reimbursements, along with other revenue derived from late fees and seasonal events, under the Condensed Consolidated Statements of Operations caption "Tenant reimbursements and other income." This significantly reduces the Company&#8217;s exposure to increases in costs and operating expenses resulting from inflation or other outside factors. The Company accrues reimbursements from tenants for recoverable portions of all these expenses as revenue in the period the applicable expenditures are incurred. The Company calculates the tenant&#8217;s share of operating costs by multiplying the total amount of the operating costs by a fraction, the numerator of which is the total number of square feet being leased by the tenant, and the denominator of which is the average total square footage of all leasable buildings at the property. The Company also receives escrow payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes differences between estimated recoveries and the final billed amounts in the subsequent year. These differences were not material for the quarters ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes lease termination fees in the period that the lease is terminated and collection of the fees is reasonably assured. Upon early lease termination, the Company provides for losses related to unrecovered intangibles and other assets. During the </font><font style="font-family:inherit;font-size:10pt;">three months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, the Company recognized lease termination fees of </font><font style="font-family:inherit;font-size:10pt;">$25,674</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Income Taxes</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification. In order to maintain this REIT status, the regulations require the Company to distribute at least </font><font style="font-family:inherit;font-size:10pt;">90%</font><font style="font-family:inherit;font-size:10pt;"> of its taxable income to shareholders and meet certain other asset and income tests, as well as other requirements. Thus, the Company made </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> provision for federal income taxes for the REIT in the accompanying condensed consolidated financial statements. If the Company fails to qualify as a REIT, it will be subject to tax at regular corporate rates for the years in which it failed to qualify. If the Company loses its REIT status, it could not elect to be taxed as a REIT for </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> years unless the Company&#8217;s failure to qualify was due to a reasonable cause and certain other conditions were satisfied. As the REIT was formed in November 2012, it is subject to examination by the Internal Revenue Service and state tax authorities from the date of formation.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Taxable REIT Subsidiary Cost Allocation</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s overall philosophy regarding cost allocation centers around the premise that the Trust exists to acquire, lease and manage properties for the benefit of its investors. Accordingly, a majority of the Company&#8217;s operations occur at the property level. Each property must carry its own weight by absorbing the costs associated with generating its revenues. Additionally, leases generally allow the Company to pass through to the tenant most of the costs involved in operating the property, including, but not limited to, the direct costs associated with owning and maintaining the property (landscaping, repairs and maintenance, taxes, insurance, etc.), property management and certain administrative costs. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service vendors bill the majority of the direct costs of operating the properties directly to the REIT Properties and Non-REIT Properties and each property pays them accordingly. The Non-REIT Properties pay WRE property management and/or asset management fees of </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2%</font><font style="font-family:inherit;font-size:10pt;"> of collected revenues, respectively. The Non-REIT Properties also pay WRE leasing commissions based on the total contractual revenues to be generated under the new/renewed lease agreement (</font><font style="font-family:inherit;font-size:10pt;">6%</font><font style="font-family:inherit;font-size:10pt;"> for new leases and </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> for renewals). </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Compensation and benefits paid to employees of the Company represent the largest component of costs incurred to acquire, manage, lease and administer the properties. The Company believes that every employee position exists to either directly or indirectly to perform these functions. Therefore, the Company allocates compensation and benefits to the various functions of the Company based on an estimate of how each employee spends their time. The Company allocates actual costs attributed to property management costs to the TRS on a pro rata basis based on total property revenues generated by the Non-REIT Properties. The Company allocates actual leasing costs to the TRS on a pro rata basis based on total leasing commissions generated by the Non-REIT Properties. Currently, the TRS does not acquire properties for third parties so the Company does not allocate acquisition related costs to the TRS.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Financial Instruments</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amount of financial instruments included in assets and liabilities approximates fair market value due to their immediate or short-term maturity.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported periods. The Company&#8217;s actual results could differ from these estimates.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Advertising Costs</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company expenses advertising and promotion costs as incurred. The Company incurred advertising and promotion costs of </font><font style="font-family:inherit;font-size:10pt;">$62,086</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$45,172</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three months ended</font><font style="font-family:inherit;font-size:10pt;"> ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Assets Held For Sale</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records assets as held for sale when management has committed to a plan to sell the assets, actively seeks a buyer for the assets, and the consummation of the sale is considered probable and is expected within one year.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Corporate General and Administrative Expense</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A detail for the "corporate general &amp; administrative" line item from the Condensed Consolidated Statements of Operations is presented below:</font></div><div style="line-height:120%;padding-bottom:12px;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:4%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended <br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquisition and development costs</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">413,310</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">653,242</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Professional fees</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">378,196</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">388,233</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Compensation and benefits</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">965,929</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">655,817</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corporate administration</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">234,929</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">273,033</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equity, debt and refinancing costs</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62,169</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Travel</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">136,176</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">203,341</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Advertising</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62,086</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45,172</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Taxes and licenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,313</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90,126</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,281,108</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,308,964</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Noncontrolling Interests</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Noncontrolling interests is the portion of equity in the Operating Partnership not attributable to the Trust. The ownership interests not held by the parent are considered noncontrolling interests. Accordingly, noncontrolling interests have been reported in equity on the condensed consolidated balance sheets but separate from the Company&#8217;s equity. On the condensed consolidated statements of operations, the subsidiaries are reported at the consolidated amount, including both the amount attributable to the Company and noncontrolling interests. Consolidated statements of changes in equity include beginning balances, activity for the period and ending balances for shareholders&#8217; equity, noncontrolling interests and total equity.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The noncontrolling interest of the Operating Partnership common unit holders is calculated by multiplying the noncontrolling interest ownership percentage at the balance sheet date by the Operating Partnership&#8217;s net assets (total assets less total liabilities). The noncontrolling interest percentage is calculated at any point in time by dividing the number of units not owned by the Company by the total number of units outstanding. The noncontrolling interest ownership percentage will change as additional units are issued or as units are exchanged for the Company&#8217;s Common Stock. In accordance with GAAP, any changes in the value from period to period are charged to additional paid-in capital.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, &#8220;Revenue from Contracts with Customers,&#8221; which supersedes the revenue recognition requirements of Accounting Standards Codification (&#8220;ASC&#8221;) Topic 605, &#8220;Revenue Recognition&#8221; and most industry-specific guidance on revenue recognition throughout the ASC. The new standard is principles based and provides a five step model to determine when and how revenue is recognized. The core principle of the new standard is that revenue should be recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also requires disclosure of qualitative and quantitative information surrounding the amount, nature, timing and uncertainty of revenues and cash flows arising from contracts with customers. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from contracts with customers (Topic 606): Identifying Performance Obligations and Licensing," which provides further guidance on identifying performance obligations and intellectual property licensing implementation. Companies are permitted to adopt the ASUs as early as fiscal years beginning after December 15, 2016, but the adoption is required for fiscal years beginning after December 15, 2017. These new standards will be effective for the Company in the first quarter of the year ended December 31, 2018 and can be applied either retrospectively to all periods presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact of adoption of the new standard on its consolidated financial statements. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, the FASB issued ASU 2014-15, "Presentation of Financial Statements - Going Concern (Subtopic 205-40)." This ASU defines management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern and provides guidance on required financial statement footnote disclosures. This ASU is effective for annual periods ending after December 15, 2016. The Company will adopt this ASU as of December 31, 2016 and use its guidance when evaluating whether there is substantial doubt about the Company's ability to continue as a going concern.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs." This new guidance requires the presentation of unamortized debt issuance costs to be shown in the liabilities section of the consolidated balance sheets as a reduction of the principal amount of the associated debt, rather than as an asset. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a retrospective approach by restating prior period comparative consolidated balance sheets. The Company adopted the ASU effective January 1, 2016 and applied it on a retrospective basis for all debt issuance costs, including those pertaining to the Company&#8217;s revolving credit facility. As a result, unamortized debt issuance costs of&#160;</font><font style="font-family:inherit;font-size:10pt;">$4.71 million</font><font style="font-family:inherit;font-size:10pt;"> as of&#160;December 31, 2015&#160;have been reclassified from other assets and presented as a deduction of indebtedness in the consolidated balance sheet.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." This new guidance requires that the acquirer recognizes adjustments to preliminary acquisition values and account for the cumulative effect of any required adjustments in the period in which they are determined. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a prospective approach for adjustments that occur after the effective date. The Company adopted the ASU effective January 1, 2016.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 is intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The ASU will require organizations that lease assets referred to as &#8220;Lessees&#8221; to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. An organization is to provide disclosures designed to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements concerning additional information about the amounts recorded in the financial statements. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP which requires only capital leases to be recognized on the balance sheet the new ASU will require both types of leases (i.e. operating and capital) to be recognized on the balance sheet. The FASB lessee accounting model will continue to account for both types of leases. The capital lease will be accounted for in substantially the same manner as capital leases are accounted for under existing GAAP. The operating lease will be accounted for in a manner similar to operating leases under existing GAAP, except that lessees will recognize a lease liability and a lease asset for all of those leases. The leasing standard will be effective for calendar year-end public companies beginning after December 15, 2018.&#160; Public companies will be required to adopt the new leasing standard for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption will be permitted for all companies and organizations upon issuance of the standard. For calendar year-end public companies, this means an adoption date of January 1, 2019 and retrospective application to previously issued annual and interim financial statements for 2018 and 2017. Lessees with a large portfolio of leases are likely to see a significant increase in balance sheet assets and liabilities. See Note 8 for the Company&#8217;s current lease commitments. The Company is currently evaluating the impact of ASU 2016-02 on its financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09, &#8220;Compensation - Stock Compensation (Topic 718):&#160; Improvements to Employee Share-Based Payment Accounting.&#8221; This ASU simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows.&#160; This ASU is effective for annual periods beginning after December 15, 2016 and early adoption is permitted.&#160; The new standard can be applied using either a prospective transition method or a retrospective transition method. The Company will adopt this ASU in 2017 and does not expect the adoption of this ASU to materially impact its financial position or results of operations.</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other accounting standards that have been issued or proposed by the FASB or other standard-setting bodies are not currently applicable to the Company or are not expected to have a significant impact on the Company&#8217;s financial position, results of operations and cash flows.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior period amounts to make their presentation comparable with the current period. These reclassifications had no impact on net income.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Equity</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Earnings per share</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic earnings per share for the Company&#8217;s common shareholders is calculated by dividing income (loss) from continuing operations, excluding amounts attributable to preferred stockholders and the net loss attributable to noncontrolling interests, by the Company&#8217;s weighted-average shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing the net income (loss) attributable to common shareholders, excluding amounts attributable to preferred shareholders and the net loss attributable to noncontrolling interests, by the weighted-average number of common shares including any dilutive shares. </font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">3,354,583</font><font style="font-family:inherit;font-size:10pt;"> of the Operating Partnership&#8217;s common units outstanding to noncontrolling interests are eligible to be converted into shares of common stock on a one-to-one basis. Additionally, </font><font style="font-family:inherit;font-size:10pt;">729,119</font><font style="font-family:inherit;font-size:10pt;"> shares of Series B convertible preferred stock ("Series B Preferred Stock") and </font><font style="font-family:inherit;font-size:10pt;">$3,000,000</font><font style="font-family:inherit;font-size:10pt;"> of senior convertible debt are eligible to be converted into </font><font style="font-family:inherit;font-size:10pt;">5,062,674</font><font style="font-family:inherit;font-size:10pt;"> shares of the Company's common stock and warrants to purchase </font><font style="font-family:inherit;font-size:10pt;">2,635,025</font><font style="font-family:inherit;font-size:10pt;"> shares of the Company's common stock were outstanding at </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. The common units, convertible preferred stock, senior convertible debt and warrants have been excluded from the Company&#8217;s diluted earnings per share calculation because their inclusion would be antidilutive.</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Dividends</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends were made to holders of common units, common shares and preferred shares as follows:</font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:92.98245614035088%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended&#160;<br clear="none"/>&#160;March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Common unit and common shareholders</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,734,897</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">992,883</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preferred shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">511,300</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,502,223</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$4,246,197</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$3,495,106</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:32px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March&#160;16, 2016, the Company declared a </font><font style="font-family:inherit;font-size:10pt;">$0.0175</font><font style="font-family:inherit;font-size:10pt;"> per share dividend payable on or about April 30, 2016 to shareholders and unitholders of record as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. Accordingly, the Company has accrued </font><font style="font-family:inherit;font-size:10pt;">$1,245,605</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> for this dividend. </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the three months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company declared quarterly dividends of </font><font style="font-family:inherit;font-size:10pt;">$422,774</font><font style="font-family:inherit;font-size:10pt;"> to preferred shareholders of record as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> to be paid on </font><font style="font-family:inherit;font-size:10pt;">April&#160;15, 2016</font><font style="font-family:inherit;font-size:10pt;">. Accordingly, the Company has accrued </font><font style="font-family:inherit;font-size:10pt;">$422,774</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> for this dividend. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">2015 Long-Term Incentive Plan</font></div><div style="line-height:120%;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">June&#160;4, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company's shareholders approved the 2015 Long-Term Incentive Plan (the "2015 Incentive Plan"). The 2015 Incentive Plan allows for issuance of up to </font><font style="font-family:inherit;font-size:10pt;">1,000,000</font><font style="font-family:inherit;font-size:10pt;"> shares of the Company's common stock to employees, directors, officers and consultants for services rendered to the Company.</font></div><div style="line-height:120%;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Equity Issuances under 2015 Incentive Plan </font></div><div style="line-height:120%;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the </font><font style="font-family:inherit;font-size:10pt;">three months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company issued </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">54,707</font><font style="font-family:inherit;font-size:10pt;"> shares to consultants and employees for services rendered to the Company. The market value of these shares at the time of issuance was approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$70,000</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, there are </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">702,401</font><font style="font-family:inherit;font-size:10pt;"> shares available for issuance under the Company&#8217;s 2015 Stock Incentive Plan.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Subsequent Events</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Acquisitions</font></div><div style="line-height:120%;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">April&#160;12, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company completed its acquisition of </font><font style="font-family:inherit;font-size:10pt;">14</font><font style="font-family:inherit;font-size:10pt;"> retail shopping centers located in Georgia and South Carolina (collectively the &#8220;A-C Portfolio&#8221;) for an aggregate purchase price of </font><font style="font-family:inherit;font-size:10pt;">$71 million</font><font style="font-family:inherit;font-size:10pt;">, paid through a combination of cash, debt and the issuance of </font><font style="font-family:inherit;font-size:10pt;">888,889</font><font style="font-family:inherit;font-size:10pt;"> common units in the Operating Partnership. Collectively, the A-C Portfolio total </font><font style="font-family:inherit;font-size:10pt;">605,358</font><font style="font-family:inherit;font-size:10pt;"> square feet in leaseable space, and were </font><font style="font-family:inherit;font-size:10pt;">92%</font><font style="font-family:inherit;font-size:10pt;"> leased as of the acquisition date by </font><font style="font-family:inherit;font-size:10pt;">77</font><font style="font-family:inherit;font-size:10pt;"> primarily retail tenants. Each property is anchored by either a Bi-Lo, Harris Teeter or Piggly Wiggly grocery store.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The AC Portfolio consists of the following properties:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:34%;" rowspan="1" colspan="1"></td><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:32%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Property Name</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Square Feet</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Darien Shopping Center</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Darien, GA</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,001</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Devine Street</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Columbia, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,464</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Folly Road</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Charleston, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,794</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Georgetown</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Georgetown, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,572</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ladson Crossing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ladson, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,607</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lake Greenwood Crossing</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Greenwood, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,546</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lake Murray</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lexington, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,218</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Litchfield Market Village</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pawleys Island, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,740</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Moncks Corner</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Moncks Corner, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,800</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ridgeland</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ridgeland, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,029</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shoppes at Myrtle Park</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bluffton, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56,380</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">South Lake</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lexington, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,318</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">South Park</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mullins, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,874</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">St. Matthews</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">St. Matthews, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following summarizes the consideration paid and the preliminary fair values of assets acquired and liabilities assumed in conjunction with the acquisitions described above, along with a description of the methods used to determine fair value. In determining fair values, the Company considered many factors including, but not limited to, cash flows, market cap rates, location, occupancy rates, appraisals, other acquisitions and management&#8217;s knowledge of the current acquisition market for similar properties. The valuation and purchase price allocation for this acquisition are preliminary, but are expected to be finalized by March 31, 2017.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;padding-left:48px;text-indent:-48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:97.07602339181285%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td style="width:20%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A-C Portfolio</font></div></td></tr><tr><td colspan="4" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preliminary fair value of assets acquired and liabilities assumed:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment property (a)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,595,869</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease intangibles and other assets (b)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,124,143</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Above market leases (c)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,942,219</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Below market leases (c)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,662,231</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preliminary fair value of net assets acquired:</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,000,000</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Purchase consideration:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Consideration paid with cash and debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69,000,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Consideration paid with common units</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,000,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total consideration (d)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,000,000</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">a.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Represents the preliminary fair value of the net investment properties acquired which includes land, buildings, site improvements and tenant improvements. The preliminary fair value was determined using following approaches:</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;padding-left:72px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">i. the market approach valuation methodology for land by considering similar transactions in the markets;</font></div><div style="line-height:120%;padding-bottom:16px;padding-left:72px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ii. a combination of the cost approach and income approach valuation methodologies for buildings, including replacement cost evaluations, &#8220;go dark&#8221; analyses and residual calculations incorporating the land values; and</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">iii.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the cost approach valuation methodology for site and tenant improvements, including replacement costs and prevailing quoted market rates.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">b.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Represents the preliminary fair value of lease intangibles and other assets. Lease intangibles include leasing commissions, in place leases and tenant relationships associated with replacing existing leases. The income approach was used to determine the fair value of these intangible assets which included estimated market rates and expenses. It was determined that carrying value approximated fair value for other asset amounts.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">c.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Represents the fair value of above/below market leases. The income approach was used to determine the fair value of above/below market leases using market rental rates for similar properties. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">d.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Represents the components of purchase consideration paid.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unaudited pro forma financial information in the aggregate is presented below for the acquisitions of the A-C Portfolio. The unaudited pro forma information presented below includes the effects of the acquisitions as if they had been consummated as of the beginning of the prior fiscal year. The pro forma results include adjustments for depreciation and amortization associated with acquired tangible and intangible assets, straight-line rent adjustments, interest expense related to debt incurred and adjustments attributable to the increase in noncontrolling interests relating to the incremental common units used as consideration in the acquisition of the A-C Portfolio.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:62%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Three Months Ended <br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rental revenue</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,445,894</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,500,993</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,009,869</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,759,684</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss attributable to Wheeler REIT</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,554,453</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,097,715</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss attributable to Wheeler REIT common shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,065,753</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,599,938</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic loss per share</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.06</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted loss per share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.06</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.85</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:24px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Loans Payable</font></div><div style="line-height:120%;padding-top:24px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revere Loan Agreement</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the closing of the A-C Portfolio, the Operating Partnership, as borrower, and Revere High Yield Fund, LP, a Delaware limited partnership (&#8220;Revere&#8221;), as lender, entered into a Term Loan Agreement dated as of April&#160;8, 2016 (&#8220;Revere Term Loan&#8221;) in the principal amount of </font><font style="font-family:inherit;font-size:10pt;">$8.0</font><font style="font-family:inherit;font-size:10pt;"> million. The Revere Term Loan has a maturity date of April&#160;30, 2017 and an interest rate of </font><font style="font-family:inherit;font-size:10pt;">8%</font><font style="font-family:inherit;font-size:10pt;">&#160;per annum. The Company and certain of its subsidiaries serve as guarantors under the Revere Term Loan. The proceeds of the Revere Term Loan were used as partial consideration for the purchase of the A-C Portfolio. A warrant (&#8220;Warrant&#8221;)&#160;to purchase an aggregate of </font><font style="font-family:inherit;font-size:10pt;">6,000,000</font><font style="font-family:inherit;font-size:10pt;"> shares of the Company&#8217;s Common Stock (under circumstances described below under the section &#8220;Revere Warrant Agreement&#8221;) serves as collateral for the Revere Term Loan.</font></div><div style="line-height:120%;padding-top:24px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revere Warrant Agreement</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the Revere Term Loan, the Company and Revere entered into a Warrant Agreement dated as of April&#160;8, 2016 (&#8220;Revere Warrant Agreement&#8221;), pursuant to which the Company agreed to issue the Warrant to Revere. The terms of the Revere Warrant Agreement provide that solely in the event of an Event of Default (as defined in the Revere Term Loan) under the Revere Term Loan, Revere shall have the right to purchase an aggregate of up to </font><font style="font-family:inherit;font-size:10pt;">6,000,000</font><font style="font-family:inherit;font-size:10pt;"> shares of the Company&#8217;s Common Stock for an exercise price equal to </font><font style="font-family:inherit;font-size:10pt;">$0.0001</font><font style="font-family:inherit;font-size:10pt;"> per share. The Warrant is exercisable at any time and from time to time during the period starting on April&#160;8, 2016 and expiring on April&#160;30, 2017 at 11:59 p.m., Virginia Beach, Virginia time, solely in the event of an Event of Default under the Revere Term Loan. The Company will not receive any proceeds from the issuance of the Warrant; rather the Warrant serves as collateral for the Revere Term Loan, the proceeds of which were used as partial consideration for the A-C Portfolio. The issuance of the Warrant is exempt from registration pursuant to the exemption provided by Rule 506 of Regulation D under the Securities Act of 1933, as amended based upon the above facts, because Revere is an accredited investor and because the issuance of the Warrant was a private transaction by the Company and did not involve any public offering.</font></div><div style="line-height:120%;padding-top:24px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">KeyBank Credit Agreement Amendment</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April&#160;12, 2016, Wheeler REIT, entered into a First Amendment and Joinder Agreement (&#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">First</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">Amendment&#8221;) to the Credit Agreement dated May&#160;29, 2015 with KeyBank National Association (&#8220;KeyBank&#8221;). The First Amendment increased the </font><font style="font-family:inherit;font-size:10pt;">$45.0</font><font style="font-family:inherit;font-size:10pt;"> million revolving credit line with KeyBank to approximately </font><font style="font-family:inherit;font-size:10pt;">$67.2</font><font style="font-family:inherit;font-size:10pt;"> million of which approximately </font><font style="font-family:inherit;font-size:10pt;">$60.4</font><font style="font-family:inherit;font-size:10pt;"> million was used to fund the purchase of the A-C Portfolio in part. Pursuant to the terms of the First Amendment, the pricing of the increased credit facility will now be 500 basis points above 30-day LIBOR. The credit facility will revert back to the reduced pricing in the original credit agreement conditions upon the Company meeting certain repayment and leverage conditions by March 31, 2017.</font></div><div style="line-height:120%;padding-top:24px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Convertible Notes Amendment</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective as of April 28, 2016, Wheeler Real Estate Investment Trust, Inc. (&#8220;Company&#8221;) and certain investors: Calapasas West Partners, L.P.; Full Value Partners, L.P.; Full Value Special Situations Fund, L.P.; MCM Opportunity Partners, L.P.; Mercury Partners, L.P.; Opportunity Partners, L.P.; Special Opportunities Fund, Inc.; and Steady Gain Partners, L.P. (collectively the &#8220;Bulldog Investors&#8221;) amended convertible </font><font style="font-family:inherit;font-size:10pt;">9%</font><font style="font-family:inherit;font-size:10pt;"> senior notes (&#8220;Amended Convertible Notes&#8221;) to purchase shares of the Company&#8217;s common stock </font><font style="font-family:inherit;font-size:10pt;">$0.01</font><font style="font-family:inherit;font-size:10pt;"> par value per share (&#8220;Common Stock&#8221;). The current aggregate principal amount of the Convertible Notes is </font><font style="font-family:inherit;font-size:10pt;">$3,000,000</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;Principal Amount&#8221;).</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the terms of the Amended Convertible Notes, upon thirty (</font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;">) calendar days&#8217; notice (&#8220;Notice&#8221;), the Company may prepay any portion of the outstanding Principal Amount and accrued and unpaid interest, if any, without penalty. In addition, upon Notice the Bulldog Investors may now exercise their right to convert all or any portion of the outstanding Principal Amount and any accrued but unpaid interest into shares of Common Stock any time prior to the repayment in full of the Amended Convertible Notes. The maximum number of shares of Common Stock issuable upon conversion of the Amended Convertible Notes is </font><font style="font-family:inherit;font-size:10pt;">1,417,079</font><font style="font-family:inherit;font-size:10pt;"> shares.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Tenant Receivables and Unbilled Rent</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant receivables include base rents, tenant reimbursements and receivables attributable to recording rents on a straight-line basis. The Company determines an allowance for the uncollectible portion of accrued rents and accounts receivable based upon customer credit-worthiness (including expected recovery of a claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends. The Company considers a receivable past due once it becomes delinquent per the terms of the lease. The Company&#8217;s standard lease form considers a rent charge past due after </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> days. A past due receivable triggers certain events such as notices, fees and other allowable and required actions per the lease.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported periods. The Company&#8217;s actual results could differ from these estimates.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Above and Below Market Lease Intangibles, net</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;">The Company determines the above and below market lease intangibles upon acquiring a property. Above and below market lease intangibles are amortized over the life of the respective leases. Amortization of above and below market lease intangibles is recorded as a component of rental revenues.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The AC Portfolio consists of the following properties:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:34%;" rowspan="1" colspan="1"></td><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:32%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Property Name</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Square Feet</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Darien Shopping Center</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Darien, GA</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,001</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Devine Street</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Columbia, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,464</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Folly Road</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Charleston, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,794</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Georgetown</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Georgetown, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,572</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ladson Crossing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ladson, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,607</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lake Greenwood Crossing</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Greenwood, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,546</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lake Murray</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lexington, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,218</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Litchfield Market Village</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pawleys Island, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,740</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Moncks Corner</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Moncks Corner, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,800</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ridgeland</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ridgeland, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,029</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shoppes at Myrtle Park</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bluffton, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56,380</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">South Lake</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lexington, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,318</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">South Park</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mullins, SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,874</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">St. Matthews</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">St. Matthews, SC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Corporate General and Administrative Expense</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A detail for the "corporate general &amp; administrative" line item from the Condensed Consolidated Statements of Operations is presented below:</font></div><div style="line-height:120%;padding-bottom:12px;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:4%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended <br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquisition and development costs</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">413,310</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">653,242</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Professional fees</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">378,196</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">388,233</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Compensation and benefits</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">965,929</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">655,817</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corporate administration</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">234,929</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">273,033</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equity, debt and refinancing costs</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62,169</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Travel</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">136,176</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">203,341</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Advertising</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62,086</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45,172</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Taxes and licenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,313</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90,126</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,281,108</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,308,964</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Deferred Costs and Other Assets, net</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s deferred costs and other assets consist primarily of leasing commissions, capitalized legal and marketing costs and tenant relationship intangibles associated with acquisitions. The Company&#8217;s lease origination costs consist primarily of the portion of property acquisitions allocated to lease originations and commissions paid in connection with lease originations.</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Details of these deferred costs, net of amortization, and other assets are as follows:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.51656920077973%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March&#160;31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease origination costs, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,307,099</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,376,652</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leases in place, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,394,320</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,091,917</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deposits</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,487,568</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,012,996</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Legal and marketing costs, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,676</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129,325</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant relationships, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,718,892</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,060,172</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">952,569</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">588,464</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Deferred Costs and Other Assets, net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,982,124</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,259,526</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of lease origination costs, leases in place and legal and marketing costs represents a component of depreciation and amortization expense.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Noncontrolling Interests</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Noncontrolling interests is the portion of equity in the Operating Partnership not attributable to the Trust. The ownership interests not held by the parent are considered noncontrolling interests. Accordingly, noncontrolling interests have been reported in equity on the condensed consolidated balance sheets but separate from the Company&#8217;s equity. On the condensed consolidated statements of operations, the subsidiaries are reported at the consolidated amount, including both the amount attributable to the Company and noncontrolling interests. Consolidated statements of changes in equity include beginning balances, activity for the period and ending balances for shareholders&#8217; equity, noncontrolling interests and total equity.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The noncontrolling interest of the Operating Partnership common unit holders is calculated by multiplying the noncontrolling interest ownership percentage at the balance sheet date by the Operating Partnership&#8217;s net assets (total assets less total liabilities). The noncontrolling interest percentage is calculated at any point in time by dividing the number of units not owned by the Company by the total number of units outstanding. The noncontrolling interest ownership percentage will change as additional units are issued or as units are exchanged for the Company&#8217;s Common Stock. In accordance with GAAP, any changes in the value from period to period are charged to additional paid-in capital.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment properties consist of the following:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.12670565302143%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March&#160;31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Land</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,777,143</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,777,143</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Land held for improvement</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,359,346</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,353,963</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">188,818,862</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">188,338,469</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment properties at cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251,955,351</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251,469,575</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,411,379</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,704,944</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment properties, net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">237,543,972</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">238,764,631</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Future minimum lease payments due under the operating leases, including applicable automatic extension options, are as follows (unaudited):</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:84%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the Years Ended March 31,</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">172,175</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175,844</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">178,858</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">119,754</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77,611</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,942,390</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,666,632</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Taxable REIT Subsidiary Cost Allocation</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s overall philosophy regarding cost allocation centers around the premise that the Trust exists to acquire, lease and manage properties for the benefit of its investors. Accordingly, a majority of the Company&#8217;s operations occur at the property level. Each property must carry its own weight by absorbing the costs associated with generating its revenues. Additionally, leases generally allow the Company to pass through to the tenant most of the costs involved in operating the property, including, but not limited to, the direct costs associated with owning and maintaining the property (landscaping, repairs and maintenance, taxes, insurance, etc.), property management and certain administrative costs. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service vendors bill the majority of the direct costs of operating the properties directly to the REIT Properties and Non-REIT Properties and each property pays them accordingly. The Non-REIT Properties pay WRE property management and/or asset management fees of </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2%</font><font style="font-family:inherit;font-size:10pt;"> of collected revenues, respectively. The Non-REIT Properties also pay WRE leasing commissions based on the total contractual revenues to be generated under the new/renewed lease agreement (</font><font style="font-family:inherit;font-size:10pt;">6%</font><font style="font-family:inherit;font-size:10pt;"> for new leases and </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> for renewals). </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Compensation and benefits paid to employees of the Company represent the largest component of costs incurred to acquire, manage, lease and administer the properties. The Company believes that every employee position exists to either directly or indirectly to perform these functions. Therefore, the Company allocates compensation and benefits to the various functions of the Company based on an estimate of how each employee spends their time. The Company allocates actual costs attributed to property management costs to the TRS on a pro rata basis based on total property revenues generated by the Non-REIT Properties. The Company allocates actual leasing costs to the TRS on a pro rata basis based on total leasing commissions generated by the Non-REIT Properties. Currently, the TRS does not acquire properties for third parties so the Company does not allocate acquisition related costs to the TRS.</font></div></div> EX-101.SCH 6 whlr-20160331.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2105100 - Disclosure - Assets Held for Sale and Discontinued Operations link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - Assets Held for Sale and Discontinued Operations (Details) link:presentationLink link:calculationLink link:definitionLink 2305301 - Disclosure - Assets Held for Sale and Discontinued Operations (Tables) link:presentationLink link:calculationLink link:definitionLink 2109100 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 2409402 - Disclosure - Commitments and Contingencies - Additional Information (Detail) link:presentationLink link:calculationLink link:definitionLink 2409403 - Disclosure - Commitments and Contingencies - Future Minimum Lease Payments Due Under Operating Leases (Details) link:presentationLink link:calculationLink link:definitionLink 2309301 - Disclosure - Commitments and Contingencies (Tables) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 1001501 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - Condensed Consolidated Statement of Equity link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - Condensed Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - Condensed Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - Equity link:presentationLink link:calculationLink link:definitionLink 2408402 - Disclosure - Equity - Additional Information (Detail) link:presentationLink link:calculationLink link:definitionLink 2308301 - Disclosure - Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 2103100 - Disclosure - Investment Properties link:presentationLink link:calculationLink link:definitionLink 2403402 - Disclosure - Investment Properties (Detail) link:presentationLink link:calculationLink link:definitionLink 2303301 - Disclosure - Investment Properties (Tables) link:presentationLink link:calculationLink link:definitionLink 2106100 - Disclosure - Loans Payable link:presentationLink link:calculationLink link:definitionLink 2406403 - Disclosure - Loans Payable - Summary of Company's Scheduled Principal Repayments on Indebtedness (Detail) link:presentationLink link:calculationLink link:definitionLink 2406402 - Disclosure - Loans Payable - Summary of Loans Payable (Detail) link:presentationLink link:calculationLink link:definitionLink 2306301 - Disclosure - Loans Payable (Tables) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - Organization and Basis of Presentation and Consolidation link:presentationLink link:calculationLink link:definitionLink 2401401 - Disclosure - Organization and Basis of Presentation and Consolidation (Details) link:presentationLink link:calculationLink link:definitionLink 2110100 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 2410403 - Disclosure - Related Party Transactions - Additional Information (Detail) link:presentationLink link:calculationLink link:definitionLink 2410402 - Disclosure - Related Party Transactions - Summary of Related Party Activity (Detail) link:presentationLink link:calculationLink link:definitionLink 2310301 - Disclosure - Related Party Transactions (Tables) link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - Rentals under Operating Leases link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - Rentals under Operating Leases - Future Minimum Rentals to be Received under Noncancelable Tenant Operating Leases (Detail) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - Rentals under Operating Leases (Tables) link:presentationLink link:calculationLink link:definitionLink 2111100 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 2411402 - Disclosure - Subsequent Events - Additional Information (Detail) link:presentationLink link:calculationLink link:definitionLink 2311301 - Disclosure - Subsequent Events (Tables) link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 2402403 - Disclosure - Summary of Significant Accounting Policies - Additional Information (Detail) link:presentationLink link:calculationLink link:definitionLink 2402406 - Disclosure - Summary of Significant Accounting Policies CG&A Schedule (Details) link:presentationLink link:calculationLink link:definitionLink 2402404 - Disclosure - Summary of Significant Accounting Policies - Details of Deferred Costs, Net of Amortization and Other Assets (Detail) link:presentationLink link:calculationLink link:definitionLink 2202201 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 2402405 - Disclosure - Summary of Significant Accounting Policies - Schedule of Future Amortization of Lease Origination Costs, Financing Costs and in Place Leases (Detail) link:presentationLink link:calculationLink link:definitionLink 2302302 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 whlr-20160331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 8 whlr-20160331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 9 whlr-20160331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Leases [Abstract] Rentals under Operating Leases Leases of Lessor Disclosure [Text Block] Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Commitments and Contingencies Disclosure [Text Block] Accounting Policies [Abstract] Schedule of Operating Leased Assets [Table] Schedule of Operating Leased Assets [Table] Lease Arrangement, Type [Axis] Lease Arrangement, Type [Axis] Lease Arrangement, Type [Domain] Lease Arrangement, Type [Domain] New Lease [Member] New Lease [Member] New Lease [Member] Renewed Lease [Member] Renewed Lease [Member] Renewed Lease [Member] Operating Leased Assets [Line Items] Operating Leased Assets [Line Items] Commission Fee, Percent Fee Commission Fee, Percent Fee Commission Fee, Percent Fee Property, Plant and Equipment [Table] Property, Plant and Equipment [Table] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Domain] Property, Plant and Equipment, Type [Domain] Building and Improvements [Member] Building and Building Improvements [Member] Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum [Member] Minimum [Member] Maximum [Member] Maximum [Member] Property, Plant and Equipment [Line Items] Property, Plant and Equipment [Line Items] Property, Plant and Equipment, Useful Life Property, Plant and Equipment, Useful Life Maturity Of Highly Liquid Investments Maturity Of Highly Liquid Investments Maturity of highly liquid investments. Insurance Coverage Amount Insurance Coverage Amount Insurance coverage amount. Cash, Uninsured Amount Cash, Uninsured Amount Past due rent charge term Past Due Rent Term Past due rent term. Allowance for uncollectible accounts Allowance for Doubtful Accounts Receivable Bad debt expenses Provision for Doubtful Accounts Recoveries related to tenant receivables Allowance for Loan and Lease Loss, Recovery of Bad Debts Finite-Lived Intangible Assets, Accumulated Amortization Finite-Lived Intangible Assets, Accumulated Amortization Amortization of Intangible Assets Amortization of Intangible Assets Operating Leases, Income Statement, Percentage Revenue Operating Leases, Income Statement, Percentage Revenue Gain (Loss) on Contract Termination Gain (Loss) on Contract Termination Minimum percentage of taxable income to be distributed to stockholders (as percent) Minimum Percentage Of Distribution Of Taxable Income To Stockholders Minimum percentage of distribution of taxable income to stockholders. Provision for federal income taxes Current Federal Tax Expense (Benefit) Term of disqualification to be taxed as a REIT due to loss of REIT status Term Of Disqualification To Be Taxed As Reit Due To Losses Of Reit Status Term of disqualification to be taxed as a REIT due to losses of REIT status. Property Management Fee, Percent Fee Property Management Fee, Percent Fee Asset Management Fee, Percent Fee Asset Management Fee, Percent Fee Asset Management Fee, Percent Fee Marketing and Advertising Expense Marketing and Advertising Expense Debt Instrument, Unamortized Discount Debt Instrument, Unamortized Discount Subsequent Events [Abstract] Subsequent Events Subsequent Events [Text Block] Schedule Of Future Minimum Rental Payments Due Schedule Of Future Minimum Rental Payment For Ground Lease Table [Text Block] Schedule of future minimum rental payment for ground lease table. Summary of AC Portfolio Properties Business Acquisition, Property Square Footage [Table Text Block] [Table Text Block] for Business Acquisition, Property Square Footage [Table] Schedule of preliminary fair values of assets acquired and liabilities assumed Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] Pro forma financial Information Business Acquisition, Pro Forma Information [Table Text Block] Debt Disclosure [Abstract] Summary of Loans Payable Schedule of Debt [Table Text Block] Summary of Company's Scheduled Principal Repayments on Indebtedness Schedule of Maturities of Long-term Debt [Table Text Block] 2017 Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months 2018 Long-term Debt, Maturities, Repayments of Principal in Year Two 2019 Long-term Debt, Maturities, Repayments of Principal in Year Three 2020 Long-term Debt, Maturities, Repayments of Principal in Year Four 2021 Long-term Debt, Maturities, Repayments of Principal in Year Five Thereafter Long-term Debt, Maturities, Repayments of Principal after Year Five Total principal maturities Secured debt, gross of unamortized debt issuance cost Secured debt, gross of unamortized debt issuance cost Real Estate [Abstract] Investment Properties Real Estate Disclosure [Text Block] Equity [Abstract] Equity Stockholders' Equity Note Disclosure [Text Block] Investment Properties Investment, Policy [Policy Text Block] Cash and Cash Equivalents Cash and Cash Equivalents, Policy [Policy Text Block] Restricted Cash Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] Tenant Receivables and Unbilled Rent Trade and Other Accounts Receivable, Policy [Policy Text Block] Above and Below Market Lease Intangibles, net above and below market lease intangibles, policy [Policy Text Block] above and below market lease intangibles [Policy Text Block] Deferred Costs and Other Assets, Net Deferred Costs And Other Assets Policy [Policy Text Block] Deferred costs and other assets policy. Revenue Recognition Revenue Recognition, Policy [Policy Text Block] Income Taxes Income Tax, Policy [Policy Text Block] Taxable REIT Subsidiary Cost Allocation Taxable REIT Subsidiary Cost Allocation [Policy Text Block] Taxable REIT Subsidiary Cost Allocation [Policy Text Block] Financial Instruments Fair Value of Financial Instruments, Policy [Policy Text Block] Use of Estimates Use of Estimates, Policy [Policy Text Block] Advertising Costs Advertising Costs, Policy [Policy Text Block] Asset Held for Sale Real Estate Held for Development and Sale, Policy [Policy Text Block] Noncontrolling Interests Noncontrolling Interests Policy [Policy Text Block] Noncontrolling interests policy. Recent Accounting Pronouncements New Accounting Pronouncements, Policy [Policy Text Block] Reclassifications Reclassification, Policy [Policy Text Block] Related Party Transactions [Abstract] Schedule of Related Party Transactions, by Related Party [Table] Schedule of Related Party Transactions, by Related Party [Table] Related Party [Axis] Related Party [Axis] Related Party [Domain] Related Party [Domain] Wheeler Interests and Affiliates [Member] Wheeler Interests And Affiliates [Member] Wheeler interests and affiliates. Related Party Transaction [Line Items] Related Party Transaction [Line Items] Amounts paid to affiliates Related Party Transaction Amounts Paid To Related Party Related party transaction amounts paid to related party. Amounts received from affiliates Related Party Transaction Amounts Received From Related Party Related Party Transaction Amounts Received From Related Party Amounts due from affiliates Related Party Transaction, Due from (to) Related Party Statement of Financial Position [Abstract] Statement [Table] Statement [Table] Class of Stock [Axis] Class of Stock [Axis] Class of Stock [Domain] Class of Stock [Domain] Series A Preferred Stock [Member] Series A Preferred Stock [Member] Series B Preferred Stock [Member] Series B Preferred Stock [Member] Statement [Line Items] Statement [Line Items] ASSETS: Assets [Abstract] Investment properties, net Real Estate Investment Property, Net Cash and cash equivalents Cash and Cash Equivalents, at Carrying Value Restricted cash Restricted Cash and Cash Equivalents Rents and other tenant receivables, net Accounts Receivable, Net, Current Goodwill Goodwill Assets held for sale Disposal Group, Including Discontinued Operation, Assets, Current Above market lease intangible, net Off-market lease, Favorable This element represents an asset associated with the acquisition of an off-market lease when the terms of the lease are favorable to the market terms for the lease at the date of acquisition. Deferred costs and other assets, net Deferred Costs and Other Assets Total Assets Assets LIABILITIES: Liabilities [Abstract] Loans payable Secured Debt Liabilities associated with assets held for sale Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent Below market lease intangible, net Off-market Lease, Unfavorable Accounts payable, accrued expenses and other liabilities Other Accounts Payable and Accrued Liabilities Total Liabilities Liabilities Commitments and contingencies Commitments and Contingencies EQUITY: Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] Preferred stock Preferred Stock, Value, Outstanding Common stock ($0.01 par value, 150,000,000 and 75,000,000 shares authorized, 66,314,380 and 66,259,673 shares issued and outstanding, respectively) Common Stock, Value, Issued Additional paid-in capital Additional Paid in Capital Accumulated deficit Retained Earnings (Accumulated Deficit) Total Shareholders’ Equity Stockholders' Equity Attributable to Parent Noncontrolling interests Stockholders' Equity Attributable to Noncontrolling Interest Total Equity Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Total Liabilities and Equity Liabilities and Equity Dividends Declared Dividends Declared [Table Text Block] Subsequent Event [Table] Subsequent Event [Table] Subsequent Event Type [Axis] Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Event Type [Domain] Subsequent Event [Member] Subsequent Event [Member] Business Acquisition [Axis] Business Acquisition [Axis] Business Acquisition, Acquiree [Domain] Business Acquisition, Acquiree [Domain] A-C Portfolio [Member] [Member] A-C Portfolio [Member] [Member] A-C Portfolio [Member] [Member] Darien Shopping Center [Member] Darien Shopping Center [Member] Darien Shopping Center [Member] Devine Street [Member] Devine Street [Member] Devine Street [Member] Folly Road [Member] Folly Road [Member] Folly Road [Member] Georgetown [Member] Georgetown [Member] Georgetown [Member] Ladson Crossing [Member] Ladson Crossing [Member] Ladson Crossing [Member] Lake Greenwood Crossing [Member] Lake Greenwood Crossing [Member] Lake Greenwood Crossing [Member] Lake Murray [Member] Lake Murray [Member] Lake Murray [Member] Litchfield Market Village [Member] Litchfield Market Village [Member] Litchfield Market Village [Member] Moncks Corner [Member] Moncks Corner [Member] Moncks Corner [Member] Ridgeland [Member] Ridgeland [Member] Ridgeland [Member] Shoppes at Myrtle Park [Member] Shoppes at Myrtle Park [Member] Shoppes at Myrtle Park [Member] South Lake [Member] South Lake [Member] South Lake [Member] South Park [Member] South Park [Member] South Park [Member] St. Matthews [Member] St. Matthews [Member] St. Matthews [Member] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets, Major Class Name [Domain] Finite-Lived Intangible Assets, Major Class Name [Domain] Lease intangibles and other assets [Member] Other Intangible Assets [Member] Above Market Leases [Member] Above Market Leases [Member] Long-term Debt, Type [Axis] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Long-term Debt, Type [Domain] Line of Credit [Member] Line of Credit [Member] Convertible Senior Notes [Member] Convertible Senior Notes [Member] Convertible senior notes. Lender Name [Axis] Lender Name [Axis] Line of Credit Facility, Lender [Domain] Line of Credit Facility, Lender [Domain] KeyBank [Member] KeyBank [Member] KeyBank [Member] Subsequent Event [Line Items] Subsequent Event [Line Items] Number of retail properties acquired Number of retail properties acquired Number of retail properties acquired Acquisition Contract Price Acquisition Contract Price Acquisition contract price. Number of shares issued (in shares) Business Acquisition, Equity Interest Issued or Issuable, Number of Shares Area of grocery-anchored shopping center (in sqft) Area of Real Estate Property Percentage Of Real Estate Areas Leased Percentage Of Real Estate Areas Leased Percentage of real estate areas leased. Number Of Tenants At Property Acquisition Date Number Of Tenants At Property Acquisition Date The number of tenants occupying a property at its acquisition date. Investment property Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment Assets acquired Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets Below Market Lease, Acquired Below Market Lease, Acquired Preliminary fair value of net assets acquired: Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net Consideration paid with cash and debt Business Combination Consideration Transferred, Cash And Debt Business Combination Consideration Transferred, Cash And Debt Consideration paid with common units Business Combination, Consideration Transferred, Equity Interests Issued and Issuable Total consideration Business Combination, Consideration Transferred Rental revenue Business Acquisition, Pro Forma Revenue Net loss Business Acquisition, Pro Forma Net Income (Loss) Net loss attributable to Wheeler REIT Business Acquisitions Pro Forma Net Income Loss Attributable To Parent The pro forma net Income or Loss for the period attributable to the parent as if the business combination or combinations had been completed at the beginning of a period. Net loss attributable to Wheeler REIT common shareholders Business Acquisitions Pro Forma Net Income Loss Available to Common Shareholders The pro forma net Income or Loss for the period available to common shareholders as if the business combination or combinations had been completed at the beginning of a period. Basic loss per share (in usd per share) Business Acquisition, Pro Forma Earnings Per Share, Basic Diluted loss per share (in usd per share) Business Acquisition, Pro Forma Earnings Per Share, Diluted Proceeds from issuance of secured debt Proceeds from Issuance of Secured Debt Debt Instrument, Interest Rate, Stated Percentage Debt Instrument, Interest Rate, Stated Percentage Common Stock, Par or Stated Value Per Share Common Stock, Par or Stated Value Per Share Class of Warrant or Right, Number of Securities Called by Warrants or Rights Class of Warrant or Right, Number of Securities Called by Warrants or Rights Class of Warrant or Right, Exercise Price of Warrants or Rights Class of Warrant or Right, Exercise Price of Warrants or Rights Line of Credit Facility, Maximum Borrowing Capacity Line of Credit Facility, Maximum Borrowing Capacity Acquisition Price, Cash Portion Acquisition Price, Cash Portion Acquisition Price, Cash Portion Basis points above 30-day LIBOR Debt Instrument, Basis Spread on Variable Rate Secured Debt Prepayment notice period Debt Instrument, Prepayment Notice Period Debt Instrument, Prepayment Notice Period Number of shares issuable upon conversion (in shares) Debt Conversion Converted Instrument Maximum Shares Issuable Debt conversion converted instrument maximum shares issuable. Pineland Shopping Center [Member] Pineland Shopping Center [Member] Pineland Shopping Center [Member] Contract Receivable Contract Receivable Document And Entity Information [Abstract] Document and entity information. Document Type Document Type Amendment Flag Amendment Flag Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Discontinued Operations and Disposal Groups [Abstract] Assets Held for Sale and Discontinued Operations Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] Equity [Table] Equity [Table] Equity. Antidilutive Securities [Axis] Antidilutive Securities [Axis] Antidilutive Securities, Name [Domain] Antidilutive Securities, Name [Domain] Operating Partnership's Common Units [Member] Operating Partnership Common Units [Member] Operating partnership common units. Convertible Debt [Member] Convertible Debt [Member] Warrant [Member] Warrant [Member] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Preferred Stock [Member] Preferred Stock [Member] 2015 Share Incentive Plan [Member] 2015 Share Incentive Plan [Member] 2015 Share Incentive Plan [Member] Equity [Line Items] Equity [Line Items] Equity. Common units outstanding (in shares) Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Preferred stock shares issued (in shares) Preferred Stock, Shares Issued Convertible Debt Convertible Debt Potential shares which are antidilutive (in shares) Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares Dividend payable per share (in dollars per share) Dividends Payable, Amount Per Share Dividend accrued Dividends Payable Dividend disbursement date Dividends Payable, Date to be Paid Maximum number of shares authorized under 2015 Share Incentive Plan (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized Issuance of common stock under Share Incentive Plan (in shares) Stock Issued During Period, Shares, Share-based Compensation, Gross Value of stock issued Share Incentive Plan Stock Issued During Period, Value, Share-based Compensation, Gross Shares available for issuance under Share Incentive Plan (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant Common unit and common shareholders Dividends, Common Stock, Cash Preferred shareholders Dividends, Preferred Stock, Cash Total dividends Dividends Statement of Stockholders' Equity [Abstract] Common Stock [Member] Common Stock [Member] Additional Paid-in Capital [Member] Additional Paid-in Capital [Member] Accumulated Deficit [Member] Retained Earnings [Member] Total Shareholders' Equity [Member] Parent [Member] Noncontrolling Interests [Member] Noncontrolling Interest [Member] Increase (Decrease) in Stockholders' Equity [Roll Forward] Increase (Decrease) in Stockholders' Equity [Roll Forward] Beginning balance (in shares) Shares, Outstanding Beginning balance Accretion of preferred stock discount Preferred Stock, Accretion of Redemption Discount Issuance of common stock under Share Incentive Plan Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period Noncontrolling interest investments (in shares) Stock Issued During Period, Shares, Acquisitions Noncontrolling interest investments Stock Issued During Period, Value, Acquisitions Adjustment for noncontrolling interest in operating partnership Adjustments To Additional Paid In Capital Adjustment For Noncontrolling Interest In Operating Partnership Adjustments to additional paid in capital adjustment for non-controlling interest in operating partnership. Dividends and distributions Dividends and distributions Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders Net loss Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Ending balance (in shares) Ending balance Investment Properties Real Estate And Accumulated Depreciation Table [Table Text Block] Real estate and accumulated depreciation. Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Net Cash Provided by (Used in) Operating Activities [Abstract] Net loss Adjustments to reconcile consolidated net loss to net cash from operating activities Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Depreciation Depreciation Amortization Amortization Loan cost amortization Amortization of Financing Costs and Discounts Above (below) market lease amortization Amortization of above and below Market Leases Share-based compensation Share-based Compensation Provision for credit losses Changes in assets and liabilities, net of acquisitions Increase (Decrease) in Operating Capital [Abstract] Rent and other tenant receivables, net Increase (Decrease) in Leasing Receivables Unbilled rent Increase (Decrease) in Unbilled Receivables Cash restricted for operating property reserves Increase (Decrease) in Restricted Cash for Operating Activities Deferred costs and other assets, net Increase (Decrease) in Other Operating Assets Accounts payable, accrued expenses and other liabilities Increase (Decrease) in Accounts Payable and Accrued Liabilities Net operating cash flows provided by discontinued operations Cash Provided by (Used in) Operating Activities, Discontinued Operations Net cash from (used in) operating activities Net Cash Provided by (Used in) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES: Net Cash Provided by (Used in) Investing Activities [Abstract] Investment property acquisitions Payments to Acquire Commercial Real Estate Capital expenditures Payments to Acquire Property, Plant, and Equipment Decrease (increase) in capital property reserves Increase (Decrease) in Restricted Cash Net investing cash flows from discontinued operations Cash Provided by (Used in) Investing Activities, Discontinued Operations Net cash used in investing activities Net Cash Provided by (Used in) Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES: Net Cash Provided by (Used in) Financing Activities [Abstract] Payments for deferred financing costs Payments of Financing Costs Dividends and distributions paid Payments of Dividends Proceeds from sales of preferred stock, net of expenses Proceeds from Issuance of Redeemable Preferred Stock Net payments to related parties Proceeds from (Repayments of) Related Party Debt Loan proceeds Proceeds from Lines of Credit Loan principal payments Repayments of Secured Debt Net financing cash flows used in discontinued operations Cash Provided by (Used in) Financing Activities, Discontinued Operations Net cash (used in) from financing activities Net Cash Provided by (Used in) Financing Activities (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS Cash and Cash Equivalents, Period Increase (Decrease) CASH AND CASH EQUIVALENTS, beginning of period CASH AND CASH EQUIVALENTS, end of period Supplemental Disclosures: Supplemental Cash Flow Elements [Abstract] Non-Cash Transactions: Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] Debt incurred for acquisitions Noncash or Part Noncash Acquisition, Debt Assumed Noncontrolling interests resulting from the issuance of common units Other Significant Noncash Transaction, Value of Consideration Given Conversion of senior convertible debt into Series C preferred stock Debt Conversion, Original Debt, Amount Accretion of preferred stock discounts Other Cash Transactions: Supplemental Cash Flow Information [Abstract] Cash paid for interest Interest Paid 2017 Operating Leases, Future Minimum Payments Receivable, Current 2018 Operating Leases, Future Minimum Payments Receivable, in Two Years 2019 Operating Leases, Future Minimum Payments Receivable, in Three Years 2020 Operating Leases, Future Minimum Payments Receivable, in Four Years 2021 Operating Leases, Future Minimum Payments Receivable, in Five Years Thereafter Operating Leases, Future Minimum Payments Receivable, Thereafter Total Operating Leases, Future Minimum Payments Receivable Future Amortization Of Deferred Costs And Other Assets [Table] Future Amortization Of Deferred Costs And Other Assets [Table] Future amortization of deferred costs and other assets. Lease Origination Costs [Member] Lease Origination Costs [Member] Lease origination costs. Leases in Place [Member] Leases, Acquired-in-Place [Member] Legal and Marketing Costs [Member] Legal And Marketing [Member] Legal and marketing. Tenant Relationships [Member] Tenant Relationships [Member] Tenant relationships. Future Amortization Of Deferred Costs And Other Assets [Line Items] Future Amortization Of Deferred Costs And Other Assets [Line Items] Future amortization of deferred costs and other assets. 2017 Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months 2018 Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Two 2019 Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Three 2020 Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Four 2021 Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Five Thereafter Finite-Lived Intangible Assets, Amortization Expense, Rolling after Year Five Amortization of Intangible Assets Finite-Lived Intangible Assets, Net Income Statement [Abstract] REVENUE: Revenues [Abstract] Rental revenues Operating Leases, Income Statement, Lease Revenue Asset management fees Property Management Fee Revenue Commissions Fees and Commissions, Other Tenant reimbursements and other revenues Other Revenue, Net Total Revenue Revenues OPERATING EXPENSES: Operating Expenses [Abstract] Property operations Property Operating Costs The aggregate costs of operating a property, including expenses associated with the grounds, landscaping, insurance, management and utilities. Non-REIT management and leasing services Asset Management Costs Depreciation and amortization Depreciation, Depletion and Amortization, Nonproduction Corporate general & administrative General and Administrative Expense Total Operating Expenses Operating Expenses Operating Loss Operating Income (Loss) Interest expense Interest Expense Net Loss from Continuing Operations Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest Net Income from Discontinued Operations Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax Net Loss Less: Net loss attributable to noncontrolling interests Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest Net Loss Attributable to Wheeler REIT Net Income (Loss) Attributable to Parent Preferred stock dividends Preferred Stock Dividends, Income Statement Impact Net Loss Attributable to Wheeler REIT Common Shareholders Net Income (Loss) Available to Common Stockholders, Basic Loss per share from continuing operations (basic and diluted) (in usd per share) Income (Loss) from Continuing Operations, Per Basic and Diluted Share Income per share from discontinued operations (in usd per share) Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic and Diluted Share Loss per share, basic and diluted (in usd per share) Earnings Per Share, Basic and Diluted Weighted-average number of shares: Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] Basic and Diluted (in shares) Weighted Average Number of Shares Outstanding, Basic and Diluted Dividends declared per common share (in usd per share) Common Stock, Dividends, Per Share, Declared Details of Deferred Costs, Net of Amortization and Other Assets Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] Future Amortization of Lease Origination Costs, Financing Costs and in Place Leases Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] Corporate General And Administrative Expenses Corporate General And Administrative Expense [Table Text Block] Corporate General And Administrative Expense [Table Text Block] Loss Contingencies [Table] Loss Contingencies [Table] Major Property Class [Axis] Major Property Class [Axis] Major Property Class [Domain] Major Property Class [Domain] Amscot Building [Member] Amscot Building [Member] Amscot building. Beaver Ruin Village [Member] Beaver Ruin Village [Member] Beaver Ruin Village [Member] Beaver Ruin Village II [Member] Beaver Ruin Village II [Member] Beaver Ruin Village II [Member] Charleston Office [Member] WHLR Charleston Office [Member] WHLR Charleston Office [Member] Geographical [Axis] Geographical [Axis] Geographical [Domain] Geographical [Domain] Northeast [Member] Northeast [Member] Northeast. Mid Atlantic [Member] Mid Atlantic [Member] Mid Atlantic. Southeast [Member] Southeast [Member] Southeast. Southwest [Member] Southwest [Member] Southwest. Loss Contingencies [Line Items] Loss Contingencies [Line Items] Long Term Ground Leases Expiration Period Long Term Ground Leases Expiration Period Long term ground leases expiration period. Ground Leases Expense Ground Leases Expense Ground leases expense. Operating Leases, Rent Expense, Net Operating Leases, Rent Expense, Net Percentage Accounted By Properties Of Its Annualized Base Rent Percentage Accounted By Properties Of Its Annualized Base Rent Percentage accounted by properties of its annualized base rent. Organization and Basis of Presentation and Consolidation Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Future Minimum Rentals to be Received under Noncancelable Tenant Operating Leases Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] Investment properties, net Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current Rents and other tenant receivables, net Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net Above market leases Disposal Group, Including Discontinued Operation, Assets, Noncurrent Deferred costs and other assets, net Disposal Group, Including Discontinued Operation, Other Assets Total assets held for sale Loans payable Disposal Group, Including Discontinued Operation, Other Liabilities Below market lease intangible, net Disposal Group, Including Discontinued Operation, Liabilities Accounts payable, accrued expenses and other liabilities Disposal Group, Including Discontinued Operation, Accounts Payable and Accrued Liabilities Total liabilities associated with assets held for sale Revenues Disposal Group, Including Discontinued Operation, Revenue Expenses Disposal Group, Including Discontinued Operation, Operating Expense Operating income Disposal Group, Including Discontinued Operation, Operating Income (Loss) Interest expense Disposal Group, Including Discontinued Operation, Interest Expense Income from discontinued operations Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax Number of Real Estate Properties Number of Real Estate Properties Number Of Office Buildings Number Of Office Buildings Number of office buildings. Undeveloped land parcels UndevelopedLandParcels The number of undeveloped land parcels held by the Trust. Deferred Costs And Other Assets [Table] Deferred Costs And Other Assets [Table] Deferred costs and other assets. Leases in Place, Net [Member] Legal and Marketing Costs, Net [Member] Deferred Costs And Other Assets [Line Items] Deferred Costs And Other Assets [Line Items] Deferred costs and other assets. Lease origination costs, net Deferred Costs, Leasing, Net Deposits and escrows Deposits Assets Tenant relationships, net Tenant Relationships Tenant relationships. Other Other Assets Total Deferred Costs and Other Assets, net Schedule of Long-term Debt Instruments [Table] Schedule of Long-term Debt Instruments [Table] Counterparty Name [Axis] Counterparty Name [Axis] Counterparty Name [Domain] Counterparty Name [Domain] Shoppes at Eagle Harbor [Member] Shoppes At Eagle Harbor [Member] Shoppes at eagle harbor. Monarch Bank Building [Member] Monarch Bank Building [Member] Monarch bank building . Perimeter Square [Member] Perimeter Square [Member] Perimeter square. Riversedge North [Member] Riversedge North [Member] Riversedge north. Walnut Hill Plaza [Member] Walnut Hill Plaza [Member] Walnut hill plaza. Twin City Commons [Member] Twin City Commons [Member] Twin city commons. Shoppes at TJ Maxx [Member] Shoppes At Tj Maxx [Member] Shoppes at TJ Maxx. Forrest Gallery [Member] Forrest Gallery Shopping Center [Member] Forrest gallery shopping center. Tampa Festival [Member] Tampa Festival [Member] Tampa festival. Winslow Plaza [Member] Winslow Plaza Shopping Center [Member] Winslow plaza shopping center. Cypress Shopping Center [Member] Cypress Shopping Center [Member] Cypress Shopping Center [Member] Harrodsburg Marketplace [Member] Harrodsburg Marketplace [Member] Harrodsburg Marketplace [Member] Port Crossing Shopping Center [Member] Port Crossing Shopping Center [Member] Port Crossing Shopping Center [Member] LaGrange Marketplace [Member] LaGrange Marketplace [Member] LaGrange Marketplace [Member] Freeway Junction [Member] Freeway Junction [Member] Freeway Junction [Member] DF I-Edenton [Member] DF I-Edenton [Member] DF I-Edenton [Member] DF I-Moyock [Member] DF I-Moyock [Member] DF I-Moyock [Member] Graystone Crossing [Member] Graystone Crossing [Member] Graystone Crossing [Member] Bryan Station [Member] Bryan Station [Member] Bryan Station [Member] Crockett Square [Member] Crockett Square [Member] Crockett Square [Member] Harbor Point [Member] Harbor Point [Member] Harbor Point [Member] Pierpont Centre [Member] Pierpont Centre [Member] Pierpont Centre [Member] Alex City Marketplace [Member] Alex City Marketplace [Member] Alex City Marketplace [Member] Butler Square [Member] Butler Square [Member] Butler Square [Member] Brook Run Shopping Center [Member] Brook Run Shopping Center [Member] Brook Run Shopping Center [Member] Beaver Village I and II [Member] Beaver Village I and II [Member] Beaver Village I and II [Member] Columbia Fire Station [Member] Columbia Fire Station [Member] Columbia Fire Station [Member] Sunshine Plaza [Member] Sunshine Plaza [Member] Sunshine Plaza [Member] Barnett Portfolio [Member] Barnett Portfolio [Member] Barnett Portfolio [Member] Grove Park Shopping Center [Member] Grove Park Shopping Center [Member] Grove Park Shopping Center [Member] Parkway Plaza Shopping Center [Member] Parkway Plaza Shopping Center [Member] Parkway Plaza Shopping Center Conyers Crossing [Member] Conyers Crossing [Member] Conyers Crossing [Member] Ft. Howard Square [Member] Ft. Howard Square [Member] Ft. Howard Square [Member] South Carolina Food Lions Note [Member] South Carolina Food Lions Note [Member] South carolina food lions note. Senior Convertible Notes [Member] Senior Non-Convertible Notes [Member] Non Convertible Senior Notes [Member] Non convertible senior notes. Monarch Bank Line Of Credit [Member] Monarch Bank Line Of Credit [Member] Monarch bank line of credit. Debt Instrument [Line Items] Debt Instrument [Line Items] Interest rate margin above LIBOR, minimum Interest rate margin above LIBOR, minimum Interest rate margin above LIBOR, minimum Interest rate margin above LIBOR, maximum Interest rate margin above LIBOR, maximum Interest rate margin above LIBOR, maximum Mortgages and other indebtedness Secured debt, gross of unamortized debt issuance cost Deferred Finance Costs, Net Deferred Finance Costs, Net Mortgage Loans Payable, Monthly Payment Debt Instrument, Periodic Payment Mortgage Loans Payable, Monthly Payment Debt Instrument, Payment Terms Mortgage Loans Payable, Interest Rate Mortgage Loans Payable, Maturity Period Debt Instrument Maturity Month And Year Debt instrument maturity month and year. Line of Credit Facility, Remaining Borrowing Capacity Line of Credit Facility, Remaining Borrowing Capacity Line of Credit Facility, Unused Capacity, Commitment Fee Percentage Line of Credit Facility, Unused Capacity, Commitment Fee Percentage Debt Instrument, Face Amount Debt Instrument, Face Amount 2017 Operating Leases, Future Minimum Payments Due, Next Twelve Months 2018 Operating Leases, Future Minimum Payments, Due in Two Years 2019 Operating Leases, Future Minimum Payments, Due in Three Years 2020 Operating Leases, Future Minimum Payments, Due in Four Years 2021 Operating Leases, Future Minimum Payments, Due in Five Years Thereafter Operating Leases, Future Minimum Payments, Due Thereafter Total future payments due, operating leases Operating Leases, Future Minimum Payments Due Preferred stock, no par value Preferred Stock, No Par Value Preferred stock, shares authorized (in shares) Preferred Stock, Shares Authorized Preferred stock, shares issued (in shares) Preferred stock, shares outstanding (in shares) Preferred Stock, Shares Outstanding Common stock, par value per share (in usd per share) Common stock, shares authorized (in shares) Common Stock, Shares Authorized Common stock, shares issued (in shares) Common Stock, Shares, Issued Common stock, shares outstanding (in shares) Common Stock, Shares, Outstanding Summary of Significant Accounting Policies Significant Accounting Policies [Text Block] Summary of Related Party Activity Schedule of Related Party Transactions [Table Text Block] Schedule of Real Estate Properties [Table] Schedule of Real Estate Properties [Table] Land [Member] Land [Member] Real Estate Properties [Line Items] Real Estate Properties [Line Items] Investment properties at cost Real Estate Investment Property, at Cost Land held for development Land Available for Development Less accumulated depreciation and amortization Real Estate Investment Property, Accumulated Depreciation Investment properties, net Loans Payable Mortgage Notes Payable Disclosure [Text Block] Summary of financial information of discontinued operations Disposal Groups, Including Discontinued Operations [Table Text Block] Related Party Transactions Related Party Transactions Disclosure [Text Block] CG&A Schedule [Abstract] CG&A Schedule [Abstract] Acquisition and development costs Acquisition Costs, Period Cost Professional fees Professional Fees Compensation and benefits Salaries, Wages and Officers' Compensation Corporate administration Corporate Administration Expense Corporate Administration Expense Equity, debt and refinancing costs Other Nonoperating Expense Travel Travel and Entertainment Expense Advertising Advertising Expense Taxes and licenses Taxes and Licenses Total EX-101.PRE 10 whlr-20160331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 11 R1.htm IDEA: XBRL DOCUMENT v3.4.0.3
Document and Entity Information - shares
 3 Months Ended
Mar. 31, 2016
May. 04, 2016
Document And Entity Information [Abstract]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Mar. 31, 2016  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q1  
Entity Registrant Name Wheeler Real Estate Investment Trust, Inc.  
Entity Central Index Key 0001527541  
Current Fiscal Year End Date --12-31  
Entity Filer Category Accelerated Filer  
Entity Common Stock, Shares Outstanding   66,403,669
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
ASSETS:    
Investment properties, net $ 237,543,972 $ 238,764,631
Cash and cash equivalents 7,029,642 10,706,185
Restricted cash 7,180,925 7,364,375
Rents and other tenant receivables, net 3,060,825 3,452,700
Goodwill 5,485,823 5,485,823
Assets held for sale 1,682,526 1,692,473
Above market lease intangible, net 5,981,123 6,517,529
Deferred costs and other assets, net 33,982,124 35,259,526
Total Assets 301,946,960 309,243,242
LIABILITIES:    
Loans payable 184,970,426 184,629,082
Liabilities associated with assets held for sale 1,981,136 1,992,318
Below market lease intangible, net 7,256,541 7,721,335
Accounts payable, accrued expenses and other liabilities 6,522,190 7,533,769
Total Liabilities $ 200,730,293 $ 201,876,504
Commitments and contingencies
EQUITY:    
Common stock ($0.01 par value, 150,000,000 and 75,000,000 shares authorized, 66,314,380 and 66,259,673 shares issued and outstanding, respectively) $ 663,143 $ 662,596
Additional paid-in capital 220,171,165 220,370,984
Accumulated deficit (147,526,640) (140,306,846)
Total Shareholders’ Equity 90,934,311 98,264,852
Noncontrolling interests 10,282,356 9,101,886
Total Equity 101,216,667 107,366,738
Total Liabilities and Equity 301,946,960 309,243,242
Series A Preferred Stock [Member]    
EQUITY:    
Preferred stock 452,971 452,971
Series B Preferred Stock [Member]    
EQUITY:    
Preferred stock $ 17,173,672 $ 17,085,147
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares
Mar. 31, 2016
Dec. 31, 2015
Preferred stock, shares issued (in shares) 729,119  
Common stock, par value per share (in usd per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 150,000,000 75,000,000
Common stock, shares issued (in shares) 66,314,380 66,259,673
Common stock, shares outstanding (in shares) 66,314,380 66,259,673
Series A Preferred Stock [Member]    
Preferred stock, no par value
Preferred stock, shares authorized (in shares) 4,500 4,500
Preferred stock, shares issued (in shares) 562 562
Preferred stock, shares outstanding (in shares) 562 562
Series B Preferred Stock [Member]    
Preferred stock, no par value
Preferred stock, shares authorized (in shares) 3,000,000 3,000,000
Preferred stock, shares issued (in shares) 729,119 729,119
Preferred stock, shares outstanding (in shares) 729,119 729,119
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUE:    
Rental revenues $ 6,742,193 $ 3,789,277
Asset management fees 254,891 212,298
Commissions 152,846 108,893
Tenant reimbursements and other revenues 1,988,732 1,043,284
Total Revenue 9,138,662 5,153,752
OPERATING EXPENSES:    
Property operations 2,675,025 1,553,674
Non-REIT management and leasing services 377,408 369,775
Depreciation and amortization 4,880,087 3,000,978
Provision for credit losses 87,526 47,198
Corporate general & administrative 2,281,108 2,308,964
Total Operating Expenses 10,301,154 7,280,589
Operating Loss (1,162,492) (2,126,837)
Interest expense (2,419,815) (2,142,719)
Net Loss from Continuing Operations (3,582,307) (4,269,556)
Net Income from Discontinued Operations 20,525 46,367
Net Loss (3,561,782) (4,223,189)
Less: Net loss attributable to noncontrolling interests (332,876) (462,376)
Net Loss Attributable to Wheeler REIT (3,228,906) (3,760,813)
Preferred stock dividends (511,300) (2,502,223)
Net Loss Attributable to Wheeler REIT Common Shareholders $ (3,740,206) $ (6,263,036)
Loss per share from continuing operations (basic and diluted) (in usd per share) $ (0.06) $ (0.81)
Income per share from discontinued operations (in usd per share) 0.00 0.01
Loss per share, basic and diluted (in usd per share) $ (0.06) $ (0.80)
Weighted-average number of shares:    
Basic and Diluted (in shares) 66,272,926 7,806,467
Dividends declared per common share (in usd per share) $ 0.05 $ 0.09
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statement of Equity - 3 months ended Mar. 31, 2016 - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Total Shareholders' Equity [Member]
Noncontrolling Interests [Member]
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Series B Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Total Shareholders' Equity [Member]
Beginning balance (in shares) at Dec. 31, 2015   66,259,673       4,055,292 562   729,119  
Beginning balance at Dec. 31, 2015 $ 107,366,738 $ 662,596 $ 220,370,984 $ (140,306,846) $ 98,264,852 $ 9,101,886 $ 452,971   $ 17,085,147  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Accretion of preferred stock discount $ 88,525             $ 88,525 $ 88,525 $ 88,525
Issuance of common stock under Share Incentive Plan (in shares)   54,707                
Issuance of common stock under Share Incentive Plan 70,000 547 69,453   70,000          
Noncontrolling interest investments (in shares)           807,727        
Noncontrolling interest investments $ 1,499,383         $ 1,499,383        
Adjustment for noncontrolling interest in operating partnership     $ (269,272)   $ (269,272) 269,272        
Dividends and distributions (4,246,197)     (3,990,888) (3,990,888)          
Dividends and distributions           (255,309)        
Net loss (3,561,782)     (3,228,906) (3,228,906) $ (332,876)        
Ending balance (in shares) at Mar. 31, 2016   66,314,380       4,863,019 562   729,119  
Ending balance at Mar. 31, 2016 $ 101,216,667 $ 663,143 $ 220,171,165 $ (147,526,640) $ 90,934,311 $ 10,282,356 $ 452,971   $ 17,173,672  
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,561,782) $ (4,223,189)
Adjustments to reconcile consolidated net loss to net cash from operating activities    
Depreciation 1,733,107 969,492
Amortization 3,146,980 2,031,486
Loan cost amortization 189,542 441,392
Above (below) market lease amortization 71,612 197,215
Share-based compensation 70,000 45,000
Provision for credit losses 87,526 47,198
Changes in assets and liabilities, net of acquisitions    
Rent and other tenant receivables, net 322,899 304,487
Unbilled rent (8,405) (55,322)
Cash restricted for operating property reserves 146,307 234,902
Deferred costs and other assets, net (1,869,578) (4,864,905)
Accounts payable, accrued expenses and other liabilities 329,569 262,342
Net operating cash flows provided by discontinued operations 4,034 265,466
Net cash from (used in) operating activities 661,811 (4,344,436)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment property acquisitions 0 (5,449,388)
Capital expenditures (369,306) (10,600)
Decrease (increase) in capital property reserves 37,143 (294,541)
Net investing cash flows from discontinued operations 0 914,388
Net cash used in investing activities (332,163) (4,840,141)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments for deferred financing costs (96,552) (331,858)
Dividends and distributions paid (4,142,579) (2,150,223)
Proceeds from sales of preferred stock, net of expenses 0 83,672,828
Net payments to related parties (10,145) (431,540)
Loan proceeds 3,000,000 0
Loan principal payments (2,751,646) (567,492)
Net financing cash flows used in discontinued operations (5,269) (18,560)
Net cash (used in) from financing activities (4,006,191) 80,173,155
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (3,676,543) 70,988,578
CASH AND CASH EQUIVALENTS, beginning of period 10,706,185 9,969,748
CASH AND CASH EQUIVALENTS, end of period 7,029,642 80,958,326
Non-Cash Transactions:    
Debt incurred for acquisitions 0 9,800,000
Noncontrolling interests resulting from the issuance of common units 1,499,383 0
Conversion of senior convertible debt into Series C preferred stock 0 3,000,000
Accretion of preferred stock discounts 88,525 1,211,202
Other Cash Transactions:    
Cash paid for interest $ 2,262,379 $ 1,877,966
XML 17 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Organization and Basis of Presentation and Consolidation
 3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Organization and Basis of Presentation and Consolidation
Organization and Basis of Presentation and Consolidation
Wheeler Real Estate Investment Trust, Inc. (the “Trust” or “REIT”) is a Maryland corporation formed on June 23, 2011. The Trust serves as the general partner of Wheeler REIT, L.P. (the “Operating Partnership”), which was formed as a Virginia limited partnership on April 5, 2012. As of March 31, 2016, the Trust, through the Operating Partnership, owned and operated forty-two centers, one office building, and ten undeveloped properties in Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Oklahoma, Tennessee, Kentucky, New Jersey and West Virginia. Accordingly, the use of the word “Company” refers to the Trust and its consolidated subsidiaries, except where the context otherwise requires.
On October 24, 2014, the Trust, through the Operating Partnership, acquired (i) Wheeler Interests, LLC (“WI”), an acquisition and asset management firm, (ii) Wheeler Real Estate, LLC (“WRE”), a real estate leasing, management and administration firm and (iii) WHLR Management, LLC (“WM” and collectively with WI and WRE the “Operating Companies”), a real estate business operations firm, from Jon S. Wheeler, the Company's Chairman and CEO, resulting in the Company becoming an internally-managed REIT. Accordingly, the responsibility for identifying targeted real estate investments, the handling of the disposition of real estate investments our board of directors chooses to sell, administering our day-to-day business operations, including but not limited to, leasing, property management, payroll and accounting functions, acquisitions, asset management and administration are now handled internally.

Prior to being acquired by the Company, the Operating Companies served as the external manager for the Company and its properties (the “REIT Properties”) and performed property management and leasing functions for certain related and non-related third parties (the “Non-REIT Properties”). The Company will continue to perform these services for the Non-REIT Properties through the Operating Companies, primarily through WRE. Accordingly, the Company converted WRE to a Taxable REIT Subsidiary (“TRS”) to accommodate serving the Non-REIT Properties since applicable REIT regulations consider the income derived from these services to be “bad” income subject to taxation. The regulations allow for costs incurred by the Company commensurate with the services performed for the Non-REIT Properties to be allocated to a TRS.

During January 2014, the Company acquired Wheeler Development, LLC (“WD”) and converted it to a TRS. The Company began performing development activities for both REIT Properties and Non-REIT Properties during 2015.

The condensed consolidated financial statements included in this Quarterly Report on Form 10-Q (the “Form 10-Q”) are unaudited and the results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for future periods or the year. However, amounts presented in the condensed consolidated balance sheet as of December 31, 2015 are derived from the Company’s audited consolidated financial statements as of that date, but do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. The Company prepared the accompanying condensed consolidated financial statements in accordance with GAAP for interim financial statements. All material balances and transactions between the consolidated entities of the Company have been eliminated. You should read these condensed consolidated financial statements in conjunction with our 2015 Annual Report filed on Form 10-K for the year ended December 31, 2015 (the “2015 Form 10-K”).
XML 18 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
Summary of Significant Accounting Policies
 3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies
Investment Properties
    
The Company records investment properties and related intangibles at cost or fair value upon acquisition less accumulated depreciation and amortization. Investment properties include both acquired and constructed assets. Improvements and major repairs and maintenance are capitalized when the repair and maintenance substantially extends the useful life, increases capacity or improves the efficiency of the asset. All other repair and maintenance costs are expensed as incurred. The Company capitalizes interest on projects during periods of construction until the projects reach the completion point that corresponds with their intended purpose.
    
The Company allocates the purchase price of acquisitions to the various components of the asset based upon the fair value of each component which may be derived from various observable or unobservable inputs and assumptions. Also, the Company may utilize third party valuation specialists. These components typically include buildings, land and any intangible assets related to out-of-market leases, tenant relationships and in-place leases the Company determines to exist. The Company determines fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known trends and specific market and economic conditions that may affect the property. Factors considered by management in the analysis of determining the as-if-vacant property value include an estimate of carrying costs during the expected lease-up periods considering market conditions, and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and estimates of lost rentals at market rates during the expected lease-up periods, tenant demand and other economic conditions. Management also estimates costs to execute similar leases including leasing commissions, tenant improvements, legal and other related expenses. Intangibles related to out-of-market leases, tenant relationships and in-place lease value are recorded as acquired lease intangibles and are amortized as an adjustment to rental revenue or amortization expense, as appropriate, over the remaining terms of the underlying leases. Premiums or discounts on acquired out-of-market debt are amortized to interest expense over the remaining term of such debt.
    
The Company records depreciation on buildings and improvements utilizing the straight-line method over the estimated useful life of the asset, generally 5 to 40 years. The Company reviews depreciable lives of investment properties periodically and makes adjustments to reflect a shorter economic life, when necessary. Tenant allowances, tenant inducements and tenant improvements are amortized utilizing the straight-line method over the term of the related lease or occupancy term of the tenant, if shorter.
 
Amounts allocated to buildings are depreciated over the estimated remaining life of the acquired building or related improvements. The Company amortizes amounts allocated to tenant improvements, in-place lease assets and other lease-related intangibles over the remaining life of the underlying leases. The Company also estimates the value of other acquired intangible assets, if any, and amortizes them over the remaining life of the underlying related intangibles.
    
The Company reviews investment properties for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of investment properties may not be recoverable, but at least annually. These circumstances include, but are not limited to, declines in the property’s cash flows, occupancy and fair market value. The Company measures any impairment of investment property when the estimated undiscounted operating income before depreciation and amortization, plus its residual value, is less than the carrying value of the property. To the extent impairment has occurred, the Company charges to income the excess of the carrying value of the property over its estimated fair value. The Company estimates fair value using unobservable data such as operating income, estimated capitalization rates, or multiples, leasing prospects and local market information. The Company may decide to sell properties that are held for use and the sale prices of these properties may differ from their carrying values. The Company did not record any impairment adjustments to its properties during the quarters ended March 31, 2016 and 2015.

Cash and Cash Equivalents
    
The Company considers all highly liquid investments purchased with an original maturity of 90 days or less or investments easily converted into known amounts of cash to be cash and cash equivalents without a significant cost to the Company. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents consist primarily of bank operating accounts and money markets. Financial instruments that potentially subject the Company to concentrations of credit risk include its cash and cash equivalents and its trade accounts receivable. The Company places its cash and cash equivalents with institutions of high credit quality.
    
The Company places its cash and cash equivalents on deposit with financial institutions in the United States and the amounts are insured by the Federal Deposit Insurance Company (“FDIC”) up to $250,000. As of March 31, 2016 and December 31, 2015, the Company had cash balances of $3.92 million and $6.99 million, respectively, that exceeded the FDIC coverage, but management believes that the risk of loss is minimal.

Restricted Cash

Restricted cash represents amounts held by lenders for real estate taxes, insurance and reserves for capital improvements. The Company presents changes in cash restricted for real estate taxes and insurance as operating activities in the condensed consolidated statement of cash flows. The Company presents changes in cash restricted for capital improvements as investing activities in the condensed consolidated statement of cash flows.



Tenant Receivables and Unbilled Rent
Tenant receivables include base rents, tenant reimbursements and receivables attributable to recording rents on a straight-line basis. The Company determines an allowance for the uncollectible portion of accrued rents and accounts receivable based upon customer credit-worthiness (including expected recovery of a claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends. The Company considers a receivable past due once it becomes delinquent per the terms of the lease. The Company’s standard lease form considers a rent charge past due after five days. A past due receivable triggers certain events such as notices, fees and other allowable and required actions per the lease. As of March 31, 2016 and December 31, 2015, the Company’s allowance for uncollectible accounts totaled $391,300 and $411,394, respectively. During the three months ended March 31, 2016 and 2015, the Company recorded bad debt expenses in the amount of $87,526 and $47,198, respectively, related to tenant receivables that were specifically identified as potentially uncollectible based on an assessment of the tenant’s credit-worthiness. During the three months ended March 31, 2016 and 2015, the Company did not realize any recoveries related to tenant receivables previously written off.

Above and Below Market Lease Intangibles, net

The Company determines the above and below market lease intangibles upon acquiring a property. Above and below market lease intangibles are amortized over the life of the respective leases. Amortization of above and below market lease intangibles is recorded as a component of rental revenues.
    
Deferred Costs and Other Assets, net
The Company’s deferred costs and other assets consist primarily of leasing commissions, capitalized legal and marketing costs and tenant relationship intangibles associated with acquisitions. The Company’s lease origination costs consist primarily of the portion of property acquisitions allocated to lease originations and commissions paid in connection with lease originations.
Details of these deferred costs, net of amortization, and other assets are as follows:
 
March 31, 2016
 
December 31, 2015
 
(unaudited)
 
 
Lease origination costs, net
$
1,307,099

 
$
1,376,652

Leases in place, net
17,394,320

 
19,091,917

Deposits
3,487,568

 
2,012,996

Legal and marketing costs, net
121,676

 
129,325

Tenant relationships, net
10,718,892

 
12,060,172

Other
952,569

 
588,464

Total Deferred Costs and Other Assets, net
$
33,982,124

 
$
35,259,526


Amortization of lease origination costs, leases in place and legal and marketing costs represents a component of depreciation and amortization expense. As of March 31, 2016 and December 31, 2015, the Company’s intangible accumulated amortization totaled $19,469,800 and $16,595,092, respectively. During the three months ended March 31, 2016 and 2015, the Company’s intangible amortization expense totaled $3,146,980 and $2,031,486, respectively. Future amortization of lease origination costs, leases in place, legal and marketing costs and tenant relationships is as follows:
For the Periods Ending March 31,
Lease
Origination
Costs
 
Leases In
Place
 
Legal &
Marketing
Costs
 
Tenant
Relationships
2017
$
336,589

 
$
5,360,218

 
$
21,340

 
$
3,788,056

2018
282,219

 
4,182,980

 
24,131

 
2,771,963

2019
191,515

 
2,789,159

 
18,976

 
1,773,020

2020
133,743

 
1,849,525

 
15,291

 
1,095,676

2021
97,645

 
1,040,871

 
11,541

 
554,749

Thereafter
265,388

 
2,171,567

 
30,397

 
735,428

 
$
1,307,099

 
$
17,394,320

 
$
121,676

 
$
10,718,892


Revenue Recognition
    
The Company retains substantially all of the risks and benefits of ownership of the investment properties and accounts for its leases as operating leases. The Company accrues minimum rents on a straight-line basis over the terms of the respective leases which results in an unbilled rent asset or deferred rent liability being recorded on the balance sheet. Additionally, certain of the lease agreements contain provisions that grant additional rents based on tenants’ sales volumes (contingent or percentage rent). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. During the three months ended March 31, 2016 and 2015, the Company recognized percentage rents of $70,228 and $26,211, respectively.
    
The Company’s leases generally require the tenant to reimburse the Company for a substantial portion of its expenses incurred in operating, maintaining, repairing, insuring and managing the shopping center and common areas (collectively defined as Common Area Maintenance or “CAM” expenses). The Company includes these reimbursements, along with other revenue derived from late fees and seasonal events, under the Condensed Consolidated Statements of Operations caption "Tenant reimbursements and other income." This significantly reduces the Company’s exposure to increases in costs and operating expenses resulting from inflation or other outside factors. The Company accrues reimbursements from tenants for recoverable portions of all these expenses as revenue in the period the applicable expenditures are incurred. The Company calculates the tenant’s share of operating costs by multiplying the total amount of the operating costs by a fraction, the numerator of which is the total number of square feet being leased by the tenant, and the denominator of which is the average total square footage of all leasable buildings at the property. The Company also receives escrow payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes differences between estimated recoveries and the final billed amounts in the subsequent year. These differences were not material for the quarters ended March 31, 2016 and 2015.

The Company recognizes lease termination fees in the period that the lease is terminated and collection of the fees is reasonably assured. Upon early lease termination, the Company provides for losses related to unrecovered intangibles and other assets. During the three months ended March 31, 2016 and 2015, the Company recognized lease termination fees of $25,674 and $0, respectively.

Income Taxes
The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification. In order to maintain this REIT status, the regulations require the Company to distribute at least 90% of its taxable income to shareholders and meet certain other asset and income tests, as well as other requirements. Thus, the Company made no provision for federal income taxes for the REIT in the accompanying condensed consolidated financial statements. If the Company fails to qualify as a REIT, it will be subject to tax at regular corporate rates for the years in which it failed to qualify. If the Company loses its REIT status, it could not elect to be taxed as a REIT for five years unless the Company’s failure to qualify was due to a reasonable cause and certain other conditions were satisfied. As the REIT was formed in November 2012, it is subject to examination by the Internal Revenue Service and state tax authorities from the date of formation.
Taxable REIT Subsidiary Cost Allocation

The Company’s overall philosophy regarding cost allocation centers around the premise that the Trust exists to acquire, lease and manage properties for the benefit of its investors. Accordingly, a majority of the Company’s operations occur at the property level. Each property must carry its own weight by absorbing the costs associated with generating its revenues. Additionally, leases generally allow the Company to pass through to the tenant most of the costs involved in operating the property, including, but not limited to, the direct costs associated with owning and maintaining the property (landscaping, repairs and maintenance, taxes, insurance, etc.), property management and certain administrative costs.

Service vendors bill the majority of the direct costs of operating the properties directly to the REIT Properties and Non-REIT Properties and each property pays them accordingly. The Non-REIT Properties pay WRE property management and/or asset management fees of 3% and 2% of collected revenues, respectively. The Non-REIT Properties also pay WRE leasing commissions based on the total contractual revenues to be generated under the new/renewed lease agreement (6% for new leases and 3% for renewals).

Compensation and benefits paid to employees of the Company represent the largest component of costs incurred to acquire, manage, lease and administer the properties. The Company believes that every employee position exists to either directly or indirectly to perform these functions. Therefore, the Company allocates compensation and benefits to the various functions of the Company based on an estimate of how each employee spends their time. The Company allocates actual costs attributed to property management costs to the TRS on a pro rata basis based on total property revenues generated by the Non-REIT Properties. The Company allocates actual leasing costs to the TRS on a pro rata basis based on total leasing commissions generated by the Non-REIT Properties. Currently, the TRS does not acquire properties for third parties so the Company does not allocate acquisition related costs to the TRS.
    
Financial Instruments
    
The carrying amount of financial instruments included in assets and liabilities approximates fair market value due to their immediate or short-term maturity.

Use of Estimates
The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported periods. The Company’s actual results could differ from these estimates.

Advertising Costs
    
The Company expenses advertising and promotion costs as incurred. The Company incurred advertising and promotion costs of $62,086 and $45,172 for the three months ended ended March 31, 2016 and 2015, respectively.

Assets Held For Sale

The Company records assets as held for sale when management has committed to a plan to sell the assets, actively seeks a buyer for the assets, and the consummation of the sale is considered probable and is expected within one year.

Corporate General and Administrative Expense
    
A detail for the "corporate general & administrative" line item from the Condensed Consolidated Statements of Operations is presented below:
 
 
Three Months Ended
March 31,
 
 
2016
 
2015
 
 
(unaudited)
Acquisition and development costs
 
$
413,310

 
$
653,242

Professional fees
 
378,196

 
388,233

Compensation and benefits
 
965,929

 
655,817

Corporate administration
 
234,929

 
273,033

Equity, debt and refinancing costs
 
62,169

 
—

Travel
 
136,176

 
203,341

Advertising
 
62,086

 
45,172

Taxes and licenses
 
28,313

 
90,126

Total
 
$
2,281,108

 
$
2,308,964


Noncontrolling Interests
Noncontrolling interests is the portion of equity in the Operating Partnership not attributable to the Trust. The ownership interests not held by the parent are considered noncontrolling interests. Accordingly, noncontrolling interests have been reported in equity on the condensed consolidated balance sheets but separate from the Company’s equity. On the condensed consolidated statements of operations, the subsidiaries are reported at the consolidated amount, including both the amount attributable to the Company and noncontrolling interests. Consolidated statements of changes in equity include beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity.
    
The noncontrolling interest of the Operating Partnership common unit holders is calculated by multiplying the noncontrolling interest ownership percentage at the balance sheet date by the Operating Partnership’s net assets (total assets less total liabilities). The noncontrolling interest percentage is calculated at any point in time by dividing the number of units not owned by the Company by the total number of units outstanding. The noncontrolling interest ownership percentage will change as additional units are issued or as units are exchanged for the Company’s Common Stock. In accordance with GAAP, any changes in the value from period to period are charged to additional paid-in capital.

Recent Accounting Pronouncements
In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which supersedes the revenue recognition requirements of Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition” and most industry-specific guidance on revenue recognition throughout the ASC. The new standard is principles based and provides a five step model to determine when and how revenue is recognized. The core principle of the new standard is that revenue should be recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also requires disclosure of qualitative and quantitative information surrounding the amount, nature, timing and uncertainty of revenues and cash flows arising from contracts with customers. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from contracts with customers (Topic 606): Identifying Performance Obligations and Licensing," which provides further guidance on identifying performance obligations and intellectual property licensing implementation. Companies are permitted to adopt the ASUs as early as fiscal years beginning after December 15, 2016, but the adoption is required for fiscal years beginning after December 15, 2017. These new standards will be effective for the Company in the first quarter of the year ended December 31, 2018 and can be applied either retrospectively to all periods presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact of adoption of the new standard on its consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, "Presentation of Financial Statements - Going Concern (Subtopic 205-40)." This ASU defines management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern and provides guidance on required financial statement footnote disclosures. This ASU is effective for annual periods ending after December 15, 2016. The Company will adopt this ASU as of December 31, 2016 and use its guidance when evaluating whether there is substantial doubt about the Company's ability to continue as a going concern.
    
In April 2015, the FASB issued ASU 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs." This new guidance requires the presentation of unamortized debt issuance costs to be shown in the liabilities section of the consolidated balance sheets as a reduction of the principal amount of the associated debt, rather than as an asset. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a retrospective approach by restating prior period comparative consolidated balance sheets. The Company adopted the ASU effective January 1, 2016 and applied it on a retrospective basis for all debt issuance costs, including those pertaining to the Company’s revolving credit facility. As a result, unamortized debt issuance costs of $4.71 million as of December 31, 2015 have been reclassified from other assets and presented as a deduction of indebtedness in the consolidated balance sheet.

In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." This new guidance requires that the acquirer recognizes adjustments to preliminary acquisition values and account for the cumulative effect of any required adjustments in the period in which they are determined. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a prospective approach for adjustments that occur after the effective date. The Company adopted the ASU effective January 1, 2016.

In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 is intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The ASU will require organizations that lease assets referred to as “Lessees” to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. An organization is to provide disclosures designed to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements concerning additional information about the amounts recorded in the financial statements. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP which requires only capital leases to be recognized on the balance sheet the new ASU will require both types of leases (i.e. operating and capital) to be recognized on the balance sheet. The FASB lessee accounting model will continue to account for both types of leases. The capital lease will be accounted for in substantially the same manner as capital leases are accounted for under existing GAAP. The operating lease will be accounted for in a manner similar to operating leases under existing GAAP, except that lessees will recognize a lease liability and a lease asset for all of those leases. The leasing standard will be effective for calendar year-end public companies beginning after December 15, 2018.  Public companies will be required to adopt the new leasing standard for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption will be permitted for all companies and organizations upon issuance of the standard. For calendar year-end public companies, this means an adoption date of January 1, 2019 and retrospective application to previously issued annual and interim financial statements for 2018 and 2017. Lessees with a large portfolio of leases are likely to see a significant increase in balance sheet assets and liabilities. See Note 8 for the Company’s current lease commitments. The Company is currently evaluating the impact of ASU 2016-02 on its financial statements.

In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718):  Improvements to Employee Share-Based Payment Accounting.” This ASU simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows.  This ASU is effective for annual periods beginning after December 15, 2016 and early adoption is permitted.  The new standard can be applied using either a prospective transition method or a retrospective transition method. The Company will adopt this ASU in 2017 and does not expect the adoption of this ASU to materially impact its financial position or results of operations.

Other accounting standards that have been issued or proposed by the FASB or other standard-setting bodies are not currently applicable to the Company or are not expected to have a significant impact on the Company’s financial position, results of operations and cash flows.

Reclassifications
    
Certain reclassifications have been made to prior period amounts to make their presentation comparable with the current period. These reclassifications had no impact on net income.
XML 19 R9.htm IDEA: XBRL DOCUMENT v3.4.0.3
Investment Properties
 3 Months Ended
Mar. 31, 2016
Real Estate [Abstract]  
Investment Properties
Investment Properties
Investment properties consist of the following:
 
March 31, 2016
 
December 31, 2015
 
(unaudited)
 
 
Land
$
50,777,143

 
$
50,777,143

Land held for improvement
12,359,346

 
12,353,963

Buildings and improvements
188,818,862

 
188,338,469

Investment properties at cost
251,955,351

 
251,469,575

Less accumulated depreciation and amortization
(14,411,379
)
 
(12,704,944
)
Investment properties, net
$
237,543,972

 
$
238,764,631


The Company’s depreciation expense on investment properties was $1,733,107 and $969,492 for the three months ended March 31, 2016 and 2015, respectively.
A significant portion of the Company’s land, buildings and improvements serves as collateral for its mortgage loans payable portfolio. Accordingly, restrictions exist as to the encumbered property’s transferability, use and other common rights typically associated with property ownership.
XML 20 R10.htm IDEA: XBRL DOCUMENT v3.4.0.3
Assets Held for Sale and Discontinued Operations
 3 Months Ended
Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held for Sale and Discontinued Operations
Assets Held for Sale and Discontinued Operations
In August 2015, the Company’s management and Board of Directors committed to a plan to sell Bixby Commons, Jenks Reasors, Harps at Harbor Point, Starbucks/Verizon and the ground leases for Ruby Tuesday’s and Outback Steakhouse at Pierpont Centre (the “Freestanding Properties”) as part of the Company’s continuous evaluation of strategic alternatives. Accordingly, the Freestanding Properties have been classified as held for sale and the results of their operations have been classified as discontinued operations for all periods presented. Management expects that the sale of the Freestanding Properties will occur within one year and the Company will receive no residual cash flows once the Freestanding Properties are disposed.
As of March 31, 2016 and December 31, 2015, assets held for sale consisted of the following:
 
 
March 31,
2016
(unaudited)
 
December 31, 2015
 
 
 
 
 
Investment properties, net
 
$
1,284,888

 
$
1,284,888

Rents and other tenant receivables, net
 
28,998

 
38,945

Above market leases
 
2,616

 
2,616

Deferred costs and other assets, net
 
366,024

 
366,024

Total assets held for sale
 
$
1,682,526

 
$
1,692,473

As of March 31, 2016 and December 31, 2015, liabilities associated with assets held for sale consisted of the following:
 
 
March 31,
2016
(unaudited)
 
December 31, 2015
 
 
 
 
 
Loans payable
 
$
1,961,625

 
$
1,966,806

Below market lease intangible, net
 
14,758

 
14,758

Accounts payable, accrued expenses and other liabilities
4,753

 
10,754

Total liabilities associated with assets held for sale
$
1,981,136

 
$
1,992,318



The condensed consolidated statements of operations reflect reclassifications of rental revenue, property operating expenses, corporate general and administrative expenses and interest expense from continuing operations to income from discontinued operations for all periods presented. All interest expense disclosed below is directly related to the debt incurred to acquire the Freestanding Properties.
    
The following is a summary of the income from discontinued operations for the three months ended March 31, 2016 and 2015:
 
 
Three Months Ended
March 31,
 
 
2016
 
2015
 
 
(unaudited)
Revenues
 
$
99,530

 
$
598,389

Expenses
 
56,897

 
316,277

Operating income
 
42,633

 
282,112

Interest expense
 
22,108

 
235,745

Income from discontinued operations
 
$
20,525

 
$
46,367
XML 21 R11.htm IDEA: XBRL DOCUMENT v3.4.0.3
Loans Payable
 3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Loans Payable
Loans Payable
The Company’s loans payable consist of the following:
 
 
 
 
 
 
 
 
 
 
Property/Description
Monthly Payment
 
Interest
Rate
 
Maturity
 
March 31, 2016
 
December 31, 2015
 
 
 
 
 
 
 
(unaudited)
 
 
Shoppes at Eagle Harbor
$
25,100

 
4.34
%
 
March 2018
 
$
3,599,870

 
$
3,634,085

Monarch Bank Building
$
9,473

 
4.15
%
 
December 2017
 
1,362,425

 
1,376,452

Perimeter Square
$
28,089

 
6.38
%
 
June 2016
 
4,133,592

 
4,166,406

Riversedge North
$
8,802

 
6.00
%
 
January 2019
 
950,414

 
962,281

Walnut Hill Plaza
$
24,273

 
5.50
%
 
July 2017
 
3,511,836

 
3,535,606

Twin City Commons
$
17,827

 
4.86
%
 
January 2023
 
3,211,553

 
3,225,473

Shoppes at TJ Maxx
$
33,880

 
3.88
%
 
May 2020
 
6,038,482

 
6,081,272

Bank Line of Credit
Interest only

 
4.25
%
 
September 2016
 
3,000,000

 
—

Bank Line of Credit
Interest only

 
2.94
%
 
May 2018
 
6,873,750

 
6,873,750

Forrest Gallery
$
50,973

 
5.40
%
 
September 2023
 
8,895,572

 
8,926,712

Tampa Festival
$
50,797

 
5.56
%
 
September 2023
 
8,596,023

 
8,627,294

Winslow Plaza
Interest only

 
4.82
%
 
December 2025
 
4,620,000

 
4,620,000

Cypress Shopping Center
Interest only

 
4.70
%
 
July 2024
 
6,625,000

 
6,625,000

Harrodsburg Marketplace
$
19,112

 
4.55
%
 
September 2024
 
3,662,408

 
3,677,501

Port Crossing
$
34,788

 
4.84
%
 
August 2024
 
6,446,357

 
6,471,636

LaGrange Marketplace
$
13,813

 
5.00
%
 
March 2020
 
2,406,217

 
2,418,212

Freeway Junction
Interest only

 
4.60
%
 
September 2024
 
8,150,000

 
8,150,000

DF I-Edenton
$
250,000

1 
3.75
%
 
September 2016
 
400,000

 
650,000

DF I-Moyock
$
10,665

 
5.00
%
 
July 2019
 
391,723

 
418,538

Graystone Crossing
$
20,386

 
4.55
%
 
October 2024
 
4,000,000

 
4,000,000

Bryan Station
Interest only

 
4.52
%
 
November 2024
 
4,625,000

 
4,625,000

Crockett Square
Interest only

 
4.47
%
 
December 2024
 
6,337,500

 
6,337,500

Harbor Point
$
11,024

 
5.85
%
 
December 2016
 
710,339

 
732,685

Pierpont Centre
Interest only

 
3.95
%
 
February 2025
 
8,450,000

 
8,450,000

Alex City Marketplace
Interest only

 
3.90
%
 
April 2025
 
5,750,000

 
5,750,000

Butler Square
Interest only

 
4.08
%
 
May 2025
 
5,640,000

 
5,640,000

Brook Run Shopping Center
Interest only

 
3.90
%
 
June 2025
 
10,950,000

 
10,950,000

Beaver Ruin Village I and II
Interest only

 
4.73
%
 
July 2025
 
9,400,000

 
9,400,000

Columbia Fire Station
Interest only

 
8.00
%
 
December 2017
 
459,114

 
450,053

Sunshine Shopping Plaza
Interest only

 
4.57
%
 
August 2025
 
5,900,000

 
5,900,000

Barnett Portfolio
Interest only

 
4.30
%
 
September 2025
 
8,770,000

 
8,770,000

Grove Park Shopping Center
Interest only

 
4.52
%
 
October 2025
 
3,800,000

 
3,800,000

Parkway Plaza
Interest only

 
4.57
%
 
October 2025
 
3,500,000

 
3,500,000

Conyers Crossing
Interest only

 
4.67
%
 
October 2025
 
5,960,000

 
5,960,000

Fort Howard Shopping Center
Interest only

 
4.57
%
 
October 2025
 
7,100,000

 
7,100,000

Senior convertible notes
Interest only

 
9.00
%
 
December 2018
 
3,000,000

 
3,000,000

Senior non-convertible notes
Interest only

 
9.00
%
 
January 2016
 
—

 
2,160,000

South Carolina Food Lions note
$
68,320

 
5.25
%
 
January 2024
 
12,346,548

 
12,375,000

Total Principal Balance
 
 
 
 
 
 
189,573,723

 
189,340,456

Unamortized debt issuance cost
 
 
 
 
 
 
(4,603,297
)
 
(4,711,374
)
Total Loans Payable
 
 
 
 
 
 
$
184,970,426

 
$
184,629,082


(1)$250,000plus accrued interest paid quarterly until maturity.


On May 29, 2015, the Operating Partnership entered into a credit agreement (the "Credit Agreement") with KeyBank National Association ("KeyBank"). Outstanding borrowings accrue monthly interest which is paid at a rate of the one-month London Interbank Offer Rate ("LIBOR") plus a margin ranging from 1.75% to 2.50% depending on the Company's consolidated leverage ratio. As of March 31, 2016, the Company has pledged Lumber River and Chesapeake Square as collateral towards the Credit Agreement with outstanding borrowings of $6.87 million at an interest rate of 2.94%. The available borrowing capacity of approximately $37.53 million as of March 31, 2016 is available for the Company as long as such amounts are fully collateralized. The amounts available to the Company under the Credit Agreement that have not been borrowed accrue fees which are paid at a rate of 0.30% on a monthly basis. The Credit Agreement contains certain financial covenants that the Company must meet, including minimum leverage, fixed charge coverage and debt service coverage ratios as well as a minimum tangible net worth requirement. The Company was in compliance with the financial covenants as of March 31, 2016. The Credit Agreement also contains certain events of default that if they occur may cause KeyBank to terminate the Credit Agreement and declare amounts owed to become immediately payable. As of March 31, 2016, the Company has not incurred an event of default.

On January 29, 2016, the Company paid off $2.16 million in senior subordinated debt from cash on hand.

Certain of the Company’s loans payable have covenants with which the Company is required to comply. As of March 31, 2016, the Company believes it is in compliance with all applicable covenants.

Debt Maturity
The Company’s scheduled principal repayments on indebtedness as of March 31, 2016 are as follows:
 
For the Periods Ending March 31,
 
 
(unaudited)
2017
$
9,791,207

2018
10,326,405

2019
12,409,633

2020
3,894,318

2021
6,919,536

Thereafter
146,232,624

Total principal maturities
$
189,573,723
XML 22 R12.htm IDEA: XBRL DOCUMENT v3.4.0.3
Rentals under Operating Leases
 3 Months Ended
Mar. 31, 2016
Leases [Abstract]  
Rentals under Operating Leases
Rentals under Operating Leases

Future minimum rentals to be received under noncancelable tenant operating leases for each of the next five years and thereafter, excluding Common Area Maintenance and percentage rent based on tenant sales volume, as of March 31, 2016 are as follows: 
 
For the Periods Ending March 31,
 
(unaudited)
2017
$
26,248,038

2018
22,967,833

2019
17,398,950

2020
13,193,054

2021
8,338,053

Thereafter
14,109,573

Total minimum rentals
$
102,255,501
XML 23 R13.htm IDEA: XBRL DOCUMENT v3.4.0.3
Equity
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Equity
Equity
Earnings per share
Basic earnings per share for the Company’s common shareholders is calculated by dividing income (loss) from continuing operations, excluding amounts attributable to preferred stockholders and the net loss attributable to noncontrolling interests, by the Company’s weighted-average shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing the net income (loss) attributable to common shareholders, excluding amounts attributable to preferred shareholders and the net loss attributable to noncontrolling interests, by the weighted-average number of common shares including any dilutive shares.
As of March 31, 2016, 3,354,583 of the Operating Partnership’s common units outstanding to noncontrolling interests are eligible to be converted into shares of common stock on a one-to-one basis. Additionally, 729,119 shares of Series B convertible preferred stock ("Series B Preferred Stock") and $3,000,000 of senior convertible debt are eligible to be converted into 5,062,674 shares of the Company's common stock and warrants to purchase 2,635,025 shares of the Company's common stock were outstanding at March 31, 2016. The common units, convertible preferred stock, senior convertible debt and warrants have been excluded from the Company’s diluted earnings per share calculation because their inclusion would be antidilutive.
Dividends
Dividends were made to holders of common units, common shares and preferred shares as follows:
 
 
Three Months Ended 
 March 31,
 
 
2016
 
2015
Common unit and common shareholders
 
$
3,734,897

 
$
992,883

Preferred shareholders
 
511,300

 
2,502,223

Total
 
$4,246,197
 
$3,495,106

 

On March 16, 2016, the Company declared a $0.0175 per share dividend payable on or about April 30, 2016 to shareholders and unitholders of record as of March 31, 2016. Accordingly, the Company has accrued $1,245,605 as of March 31, 2016 for this dividend.
During the three months ended March 31, 2016, the Company declared quarterly dividends of $422,774 to preferred shareholders of record as of March 31, 2016 to be paid on April 15, 2016. Accordingly, the Company has accrued $422,774 as of March 31, 2016 for this dividend.

2015 Long-Term Incentive Plan

On June 4, 2015, the Company's shareholders approved the 2015 Long-Term Incentive Plan (the "2015 Incentive Plan"). The 2015 Incentive Plan allows for issuance of up to 1,000,000 shares of the Company's common stock to employees, directors, officers and consultants for services rendered to the Company.

Equity Issuances under 2015 Incentive Plan

During the three months ended March 31, 2016, the Company issued 54,707 shares to consultants and employees for services rendered to the Company. The market value of these shares at the time of issuance was approximately $70,000. As of March 31, 2016, there are 702,401 shares available for issuance under the Company’s 2015 Stock Incentive Plan.
XML 24 R14.htm IDEA: XBRL DOCUMENT v3.4.0.3
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies
Lease Commitments
As of March 31, 2016, the Amscot property is subject to a ground lease which terminates in 2045. The ground lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred ground lease expense of $4,539 and $4,432 during the quarters ended March 31, 2016 and 2015, respectively.
    
As of March 31, 2016, the Beaver Ruin Village property is subject to a ground lease which terminates in 2054. The ground lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred ground lease expense of $11,428 and $0 during the quarters ended March 31, 2016 amd 2015, respectively.

As of March 31, 2016, the Beaver Ruin Village II property is subject to a ground lease which terminates in 2056. The ground lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred ground lease expense of $4,463 and $0 during the quarters ended March 31, 2016 and 2015, respectively.

As of March 31, 2016, the Company leases office space in Charleston, South Carolina, subject to a lease that terminates in 2019. The lease requires the Company to make a fixed annual rental payment and includes escalation clauses and renewal options. The Company incurred lease expense of $16,758 and $16,336 during the quarters ended March 31, 2016 and 2015, respectively.

Future minimum lease payments due under the operating leases, including applicable automatic extension options, are as follows (unaudited):
 
 
For the Years Ended March 31,
2017
$
172,175

2018
175,844

2019
178,858

2020
119,754

2021
77,611

Thereafter
2,942,390

 
$
3,666,632



Insurance
    
The Company carries comprehensive liability, fire, extended coverage, business interruption and rental loss insurance covering all of the properties in its portfolio under a blanket insurance policy, in addition to other coverages, such as trademark and pollution coverage that may be appropriate for certain of its properties. Additionally, the Company carries a directors’, officers’, entity and employment practices liability insurance policy that covers such claims made against the Company and its directors and officers. The Company believes the policy specifications and insured limits are appropriate and adequate for its properties given the relative risk of loss, the cost of the coverage and industry practice; however, its insurance coverage may not be sufficient to fully cover its losses.

Concentration of Credit Risk
    
The Company is subject to risks incidental to the ownership and operation of commercial real estate. These risks include, among others, the risks normally associated with changes in the general economic climate, trends in the retail industry, creditworthiness of tenants, competition for tenants and customers, changes in tax laws, interest rates, the availability of financing and potential liability under environmental and other laws.
    
The Company’s portfolio of properties is dependent upon regional and local economic conditions and is geographically concentrated in the Northeast, Mid-Atlantic, Southeast and Southwest, which markets represented approximately 2%, 23%, 72% and 3%, respectively, of the total annualized base rent of the properties in its portfolio as of March 31, 2016. The Company’s geographic concentration may cause it to be more susceptible to adverse developments in those markets than if it owned a more geographically diverse portfolio. Additionally, the Company’s retail shopping center properties depend on anchor stores or major tenants to attract shoppers and could be adversely affected by the loss of, or a store closure by, one or more of these tenants.
        
Regulatory and Environmental
    
As the owner of the buildings on our properties, the Company could face liability for the presence of hazardous materials (e.g., asbestos or lead) or other adverse conditions (e.g., poor indoor air quality) in its buildings. Environmental laws govern the presence, maintenance, and removal of hazardous materials in buildings, and if the Company does not comply with such laws, it could face fines for such noncompliance. Also, the Company could be liable to third parties (e.g., occupants of the buildings) for damages related to exposure to hazardous materials or adverse conditions in its buildings, and the Company could incur material expenses with respect to abatement or remediation of hazardous materials or other adverse conditions in its buildings. In addition, some of the Company’s tenants routinely handle and use hazardous or regulated substances and wastes as part of their operations at our properties, which are subject to regulation. Such environmental and health and safety laws and regulations could subject the Company or its tenants to liability resulting from these activities. Environmental liabilities could affect a tenant’s ability to make rental payments to the Company, and changes in laws could increase the potential liability for noncompliance. This may result in significant unanticipated expenditures or may otherwise materially and adversely affect the Company’s operations. The Company is not aware of any material contingent liabilities, regulatory matters or environmental matters that may exist.

Litigation
    
The Company is involved in various legal proceedings arising in the ordinary course of its business, including, but not limited to commercial disputes. The Company believes that such litigation, claims and administrative proceedings will not have a material adverse impact on its financial position or its results of operations. The Company records a liability when it considers the loss probable and the amount can be reasonably estimated.
XML 25 R15.htm IDEA: XBRL DOCUMENT v3.4.0.3
Related Party Transactions
 3 Months Ended
Mar. 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
The amounts disclosed below reflect the activity between the Company, Mr. Wheeler's affiliates and the Operating Companies through the date of acquisition. All amounts subsequent to the acquisition date have been eliminated in consolidation.
 
March 31,
 
2016
 
2015
Amounts paid to affiliates
$
75,649

 
$
354,521

Amounts received from affiliates
$
(302,010
)
 
$
(176,435
)
Amounts due from affiliates
$
(464,963
)
 
$
(597,617
)

The Company, through the Operating Partnership, is performing development services for Pineland Associates, LLC and several of its affiliated parties (“Pineland”), all of which are related parties of the Company, for the redevelopment of Pineland Station Shopping Center in Hilton Head, South Carolina. Pineland is responsible for development fees on the hard construction costs and reimbursing the Company for any costs advanced towards the project. As of March 31, 2016, the Company had advanced approximately $2.77 million towards the project. This amount is included in the "Deferred costs and other assets" line item on the Condensed Consolidated Balance Sheet.
XML 26 R16.htm IDEA: XBRL DOCUMENT v3.4.0.3
Subsequent Events
 3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
Acquisitions
        
On April 12, 2016, the Company completed its acquisition of 14 retail shopping centers located in Georgia and South Carolina (collectively the “A-C Portfolio”) for an aggregate purchase price of $71 million, paid through a combination of cash, debt and the issuance of 888,889 common units in the Operating Partnership. Collectively, the A-C Portfolio total 605,358 square feet in leaseable space, and were 92% leased as of the acquisition date by 77 primarily retail tenants. Each property is anchored by either a Bi-Lo, Harris Teeter or Piggly Wiggly grocery store.

The AC Portfolio consists of the following properties:
Property Name
Location
Square Feet

Darien Shopping Center
Darien, GA
26,001

Devine Street
Columbia, SC
38,464

Folly Road
Charleston, SC
47,794

Georgetown
Georgetown, SC
29,572

Ladson Crossing
Ladson, SC
52,607

Lake Greenwood Crossing
Greenwood, SC
47,546

Lake Murray
Lexington, SC
39,218

Litchfield Market Village
Pawleys Island, SC
86,740

Moncks Corner
Moncks Corner, SC
26,800

Ridgeland
Ridgeland, SC
20,029

Shoppes at Myrtle Park
Bluffton, SC
56,380

South Lake
Lexington, SC
44,318

South Park
Mullins, SC
60,874

St. Matthews
St. Matthews, SC
29,015





The following summarizes the consideration paid and the preliminary fair values of assets acquired and liabilities assumed in conjunction with the acquisitions described above, along with a description of the methods used to determine fair value. In determining fair values, the Company considered many factors including, but not limited to, cash flows, market cap rates, location, occupancy rates, appraisals, other acquisitions and management’s knowledge of the current acquisition market for similar properties. The valuation and purchase price allocation for this acquisition are preliminary, but are expected to be finalized by March 31, 2017.
 
 
 
 
A-C Portfolio
Preliminary fair value of assets acquired and liabilities assumed:
 
 
Investment property (a)
$
58,595,869

 
Lease intangibles and other assets (b)
12,124,143

 
Above market leases (c)
2,942,219

 
Below market leases (c)
(2,662,231
)
 
 
 
 
 
 
Preliminary fair value of net assets acquired:
$
71,000,000

 
 
 
 
 
Purchase consideration:
 
 
 
Consideration paid with cash and debt
$
69,000,000

 
Consideration paid with common units
2,000,000

 
 
 
 
 
 
Total consideration (d)
$
71,000,000

a.
Represents the preliminary fair value of the net investment properties acquired which includes land, buildings, site improvements and tenant improvements. The preliminary fair value was determined using following approaches:
i. the market approach valuation methodology for land by considering similar transactions in the markets;
ii. a combination of the cost approach and income approach valuation methodologies for buildings, including replacement cost evaluations, “go dark” analyses and residual calculations incorporating the land values; and
iii.
the cost approach valuation methodology for site and tenant improvements, including replacement costs and prevailing quoted market rates.
b.
Represents the preliminary fair value of lease intangibles and other assets. Lease intangibles include leasing commissions, in place leases and tenant relationships associated with replacing existing leases. The income approach was used to determine the fair value of these intangible assets which included estimated market rates and expenses. It was determined that carrying value approximated fair value for other asset amounts.
c.
Represents the fair value of above/below market leases. The income approach was used to determine the fair value of above/below market leases using market rental rates for similar properties.
d.
Represents the components of purchase consideration paid.
Unaudited pro forma financial information in the aggregate is presented below for the acquisitions of the A-C Portfolio. The unaudited pro forma information presented below includes the effects of the acquisitions as if they had been consummated as of the beginning of the prior fiscal year. The pro forma results include adjustments for depreciation and amortization associated with acquired tangible and intangible assets, straight-line rent adjustments, interest expense related to debt incurred and adjustments attributable to the increase in noncontrolling interests relating to the incremental common units used as consideration in the acquisition of the A-C Portfolio.
 
 
Three Months Ended
March 31,
 
 
2016
 
2015
Rental revenue
 
$
8,445,894

 
$
5,500,993

Net loss
 
$
(4,009,869
)
 
$
(4,759,684
)
Net loss attributable to Wheeler REIT
$
(3,554,453
)
 
$
(4,097,715
)
Net loss attributable to Wheeler REIT common shareholders
$
(4,065,753
)
 
$
(6,599,938
)
Basic loss per share
 
$
(0.06
)
 
$
(0.85
)
Diluted loss per share
 
$
(0.06
)
 
$
(0.85
)

Loans Payable
Revere Loan Agreement
In connection with the closing of the A-C Portfolio, the Operating Partnership, as borrower, and Revere High Yield Fund, LP, a Delaware limited partnership (“Revere”), as lender, entered into a Term Loan Agreement dated as of April 8, 2016 (“Revere Term Loan”) in the principal amount of $8.0 million. The Revere Term Loan has a maturity date of April 30, 2017 and an interest rate of 8% per annum. The Company and certain of its subsidiaries serve as guarantors under the Revere Term Loan. The proceeds of the Revere Term Loan were used as partial consideration for the purchase of the A-C Portfolio. A warrant (“Warrant”) to purchase an aggregate of 6,000,000 shares of the Company’s Common Stock (under circumstances described below under the section “Revere Warrant Agreement”) serves as collateral for the Revere Term Loan.
Revere Warrant Agreement
In connection with the Revere Term Loan, the Company and Revere entered into a Warrant Agreement dated as of April 8, 2016 (“Revere Warrant Agreement”), pursuant to which the Company agreed to issue the Warrant to Revere. The terms of the Revere Warrant Agreement provide that solely in the event of an Event of Default (as defined in the Revere Term Loan) under the Revere Term Loan, Revere shall have the right to purchase an aggregate of up to 6,000,000 shares of the Company’s Common Stock for an exercise price equal to $0.0001 per share. The Warrant is exercisable at any time and from time to time during the period starting on April 8, 2016 and expiring on April 30, 2017 at 11:59 p.m., Virginia Beach, Virginia time, solely in the event of an Event of Default under the Revere Term Loan. The Company will not receive any proceeds from the issuance of the Warrant; rather the Warrant serves as collateral for the Revere Term Loan, the proceeds of which were used as partial consideration for the A-C Portfolio. The issuance of the Warrant is exempt from registration pursuant to the exemption provided by Rule 506 of Regulation D under the Securities Act of 1933, as amended based upon the above facts, because Revere is an accredited investor and because the issuance of the Warrant was a private transaction by the Company and did not involve any public offering.
KeyBank Credit Agreement Amendment
On April 12, 2016, Wheeler REIT, entered into a First Amendment and Joinder Agreement (“First Amendment”) to the Credit Agreement dated May 29, 2015 with KeyBank National Association (“KeyBank”). The First Amendment increased the $45.0 million revolving credit line with KeyBank to approximately $67.2 million of which approximately $60.4 million was used to fund the purchase of the A-C Portfolio in part. Pursuant to the terms of the First Amendment, the pricing of the increased credit facility will now be 500 basis points above 30-day LIBOR. The credit facility will revert back to the reduced pricing in the original credit agreement conditions upon the Company meeting certain repayment and leverage conditions by March 31, 2017.
Convertible Notes Amendment
Effective as of April 28, 2016, Wheeler Real Estate Investment Trust, Inc. (“Company”) and certain investors: Calapasas West Partners, L.P.; Full Value Partners, L.P.; Full Value Special Situations Fund, L.P.; MCM Opportunity Partners, L.P.; Mercury Partners, L.P.; Opportunity Partners, L.P.; Special Opportunities Fund, Inc.; and Steady Gain Partners, L.P. (collectively the “Bulldog Investors”) amended convertible 9% senior notes (“Amended Convertible Notes”) to purchase shares of the Company’s common stock $0.01 par value per share (“Common Stock”). The current aggregate principal amount of the Convertible Notes is $3,000,000 (“Principal Amount”).

Pursuant to the terms of the Amended Convertible Notes, upon thirty (30) calendar days’ notice (“Notice”), the Company may prepay any portion of the outstanding Principal Amount and accrued and unpaid interest, if any, without penalty. In addition, upon Notice the Bulldog Investors may now exercise their right to convert all or any portion of the outstanding Principal Amount and any accrued but unpaid interest into shares of Common Stock any time prior to the repayment in full of the Amended Convertible Notes. The maximum number of shares of Common Stock issuable upon conversion of the Amended Convertible Notes is 1,417,079 shares.
XML 27 R17.htm IDEA: XBRL DOCUMENT v3.4.0.3
Summary of Significant Accounting Policies (Policies)
 3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Investment Properties
Investment Properties
    
The Company records investment properties and related intangibles at cost or fair value upon acquisition less accumulated depreciation and amortization. Investment properties include both acquired and constructed assets. Improvements and major repairs and maintenance are capitalized when the repair and maintenance substantially extends the useful life, increases capacity or improves the efficiency of the asset. All other repair and maintenance costs are expensed as incurred. The Company capitalizes interest on projects during periods of construction until the projects reach the completion point that corresponds with their intended purpose.
    
The Company allocates the purchase price of acquisitions to the various components of the asset based upon the fair value of each component which may be derived from various observable or unobservable inputs and assumptions. Also, the Company may utilize third party valuation specialists. These components typically include buildings, land and any intangible assets related to out-of-market leases, tenant relationships and in-place leases the Company determines to exist. The Company determines fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known trends and specific market and economic conditions that may affect the property. Factors considered by management in the analysis of determining the as-if-vacant property value include an estimate of carrying costs during the expected lease-up periods considering market conditions, and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and estimates of lost rentals at market rates during the expected lease-up periods, tenant demand and other economic conditions. Management also estimates costs to execute similar leases including leasing commissions, tenant improvements, legal and other related expenses. Intangibles related to out-of-market leases, tenant relationships and in-place lease value are recorded as acquired lease intangibles and are amortized as an adjustment to rental revenue or amortization expense, as appropriate, over the remaining terms of the underlying leases. Premiums or discounts on acquired out-of-market debt are amortized to interest expense over the remaining term of such debt.
    
The Company records depreciation on buildings and improvements utilizing the straight-line method over the estimated useful life of the asset, generally 5 to 40 years. The Company reviews depreciable lives of investment properties periodically and makes adjustments to reflect a shorter economic life, when necessary. Tenant allowances, tenant inducements and tenant improvements are amortized utilizing the straight-line method over the term of the related lease or occupancy term of the tenant, if shorter.
 
Amounts allocated to buildings are depreciated over the estimated remaining life of the acquired building or related improvements. The Company amortizes amounts allocated to tenant improvements, in-place lease assets and other lease-related intangibles over the remaining life of the underlying leases. The Company also estimates the value of other acquired intangible assets, if any, and amortizes them over the remaining life of the underlying related intangibles.
    
The Company reviews investment properties for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of investment properties may not be recoverable, but at least annually. These circumstances include, but are not limited to, declines in the property’s cash flows, occupancy and fair market value. The Company measures any impairment of investment property when the estimated undiscounted operating income before depreciation and amortization, plus its residual value, is less than the carrying value of the property. To the extent impairment has occurred, the Company charges to income the excess of the carrying value of the property over its estimated fair value. The Company estimates fair value using unobservable data such as operating income, estimated capitalization rates, or multiples, leasing prospects and local market information. The Company may decide to sell properties that are held for use and the sale prices of these properties may differ from their carrying values. The Company did not record any impairment adjustments to its properties during the quarters ended March 31, 2016 and 2015.
Cash and Cash Equivalents
Cash and Cash Equivalents
    
The Company considers all highly liquid investments purchased with an original maturity of 90 days or less or investments easily converted into known amounts of cash to be cash and cash equivalents without a significant cost to the Company. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents consist primarily of bank operating accounts and money markets. Financial instruments that potentially subject the Company to concentrations of credit risk include its cash and cash equivalents and its trade accounts receivable. The Company places its cash and cash equivalents with institutions of high credit quality.
    
The Company places its cash and cash equivalents on deposit with financial institutions in the United States and the amounts are insured by the Federal Deposit Insurance Company (“FDIC”) up to $250,000.
Restricted Cash
Restricted Cash

Restricted cash represents amounts held by lenders for real estate taxes, insurance and reserves for capital improvements. The Company presents changes in cash restricted for real estate taxes and insurance as operating activities in the condensed consolidated statement of cash flows. The Company presents changes in cash restricted for capital improvements as investing activities in the condensed consolidated statement of cash flows.
Tenant Receivables and Unbilled Rent
Tenant Receivables and Unbilled Rent
Tenant receivables include base rents, tenant reimbursements and receivables attributable to recording rents on a straight-line basis. The Company determines an allowance for the uncollectible portion of accrued rents and accounts receivable based upon customer credit-worthiness (including expected recovery of a claim with respect to any tenants in bankruptcy), historical bad debt levels, and current economic trends. The Company considers a receivable past due once it becomes delinquent per the terms of the lease. The Company’s standard lease form considers a rent charge past due after five days. A past due receivable triggers certain events such as notices, fees and other allowable and required actions per the lease.
Above and Below Market Lease Intangibles, net
Above and Below Market Lease Intangibles, net

The Company determines the above and below market lease intangibles upon acquiring a property. Above and below market lease intangibles are amortized over the life of the respective leases. Amortization of above and below market lease intangibles is recorded as a component of rental revenues.
Deferred Costs and Other Assets, Net
Deferred Costs and Other Assets, net
The Company’s deferred costs and other assets consist primarily of leasing commissions, capitalized legal and marketing costs and tenant relationship intangibles associated with acquisitions. The Company’s lease origination costs consist primarily of the portion of property acquisitions allocated to lease originations and commissions paid in connection with lease originations.
Details of these deferred costs, net of amortization, and other assets are as follows:
 
March 31, 2016
 
December 31, 2015
 
(unaudited)
 
 
Lease origination costs, net
$
1,307,099

 
$
1,376,652

Leases in place, net
17,394,320

 
19,091,917

Deposits
3,487,568

 
2,012,996

Legal and marketing costs, net
121,676

 
129,325

Tenant relationships, net
10,718,892

 
12,060,172

Other
952,569

 
588,464

Total Deferred Costs and Other Assets, net
$
33,982,124

 
$
35,259,526


Amortization of lease origination costs, leases in place and legal and marketing costs represents a component of depreciation and amortization expense.
Revenue Recognition
Revenue Recognition
    
The Company retains substantially all of the risks and benefits of ownership of the investment properties and accounts for its leases as operating leases. The Company accrues minimum rents on a straight-line basis over the terms of the respective leases which results in an unbilled rent asset or deferred rent liability being recorded on the balance sheet. Additionally, certain of the lease agreements contain provisions that grant additional rents based on tenants’ sales volumes (contingent or percentage rent). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. During the three months ended March 31, 2016 and 2015, the Company recognized percentage rents of $70,228 and $26,211, respectively.
    
The Company’s leases generally require the tenant to reimburse the Company for a substantial portion of its expenses incurred in operating, maintaining, repairing, insuring and managing the shopping center and common areas (collectively defined as Common Area Maintenance or “CAM” expenses). The Company includes these reimbursements, along with other revenue derived from late fees and seasonal events, under the Condensed Consolidated Statements of Operations caption "Tenant reimbursements and other income." This significantly reduces the Company’s exposure to increases in costs and operating expenses resulting from inflation or other outside factors. The Company accrues reimbursements from tenants for recoverable portions of all these expenses as revenue in the period the applicable expenditures are incurred. The Company calculates the tenant’s share of operating costs by multiplying the total amount of the operating costs by a fraction, the numerator of which is the total number of square feet being leased by the tenant, and the denominator of which is the average total square footage of all leasable buildings at the property. The Company also receives escrow payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes differences between estimated recoveries and the final billed amounts in the subsequent year. These differences were not material for the quarters ended March 31, 2016 and 2015.

The Company recognizes lease termination fees in the period that the lease is terminated and collection of the fees is reasonably assured. Upon early lease termination, the Company provides for losses related to unrecovered intangibles and other assets.
Income Taxes
Income Taxes
The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification. In order to maintain this REIT status, the regulations require the Company to distribute at least 90% of its taxable income to shareholders and meet certain other asset and income tests, as well as other requirements. Thus, the Company made no provision for federal income taxes for the REIT in the accompanying condensed consolidated financial statements. If the Company fails to qualify as a REIT, it will be subject to tax at regular corporate rates for the years in which it failed to qualify. If the Company loses its REIT status, it could not elect to be taxed as a REIT for five years unless the Company’s failure to qualify was due to a reasonable cause and certain other conditions were satisfied. As the REIT was formed in November 2012, it is subject to examination by the Internal Revenue Service and state tax authorities from the date of formation.
Taxable REIT Subsidiary Cost Allocation
Taxable REIT Subsidiary Cost Allocation

The Company’s overall philosophy regarding cost allocation centers around the premise that the Trust exists to acquire, lease and manage properties for the benefit of its investors. Accordingly, a majority of the Company’s operations occur at the property level. Each property must carry its own weight by absorbing the costs associated with generating its revenues. Additionally, leases generally allow the Company to pass through to the tenant most of the costs involved in operating the property, including, but not limited to, the direct costs associated with owning and maintaining the property (landscaping, repairs and maintenance, taxes, insurance, etc.), property management and certain administrative costs.

Service vendors bill the majority of the direct costs of operating the properties directly to the REIT Properties and Non-REIT Properties and each property pays them accordingly. The Non-REIT Properties pay WRE property management and/or asset management fees of 3% and 2% of collected revenues, respectively. The Non-REIT Properties also pay WRE leasing commissions based on the total contractual revenues to be generated under the new/renewed lease agreement (6% for new leases and 3% for renewals).

Compensation and benefits paid to employees of the Company represent the largest component of costs incurred to acquire, manage, lease and administer the properties. The Company believes that every employee position exists to either directly or indirectly to perform these functions. Therefore, the Company allocates compensation and benefits to the various functions of the Company based on an estimate of how each employee spends their time. The Company allocates actual costs attributed to property management costs to the TRS on a pro rata basis based on total property revenues generated by the Non-REIT Properties. The Company allocates actual leasing costs to the TRS on a pro rata basis based on total leasing commissions generated by the Non-REIT Properties. Currently, the TRS does not acquire properties for third parties so the Company does not allocate acquisition related costs to the TRS.
Financial Instruments
Financial Instruments
    
The carrying amount of financial instruments included in assets and liabilities approximates fair market value due to their immediate or short-term maturity.
Use of Estimates
Use of Estimates
The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported periods. The Company’s actual results could differ from these estimates.
Advertising Costs
Advertising Costs
    
The Company expenses advertising and promotion costs as incurred.
Asset Held for Sale
Assets Held For Sale

The Company records assets as held for sale when management has committed to a plan to sell the assets, actively seeks a buyer for the assets, and the consummation of the sale is considered probable and is expected within one year.
Noncontrolling Interests
Noncontrolling Interests
Noncontrolling interests is the portion of equity in the Operating Partnership not attributable to the Trust. The ownership interests not held by the parent are considered noncontrolling interests. Accordingly, noncontrolling interests have been reported in equity on the condensed consolidated balance sheets but separate from the Company’s equity. On the condensed consolidated statements of operations, the subsidiaries are reported at the consolidated amount, including both the amount attributable to the Company and noncontrolling interests. Consolidated statements of changes in equity include beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity.
    
The noncontrolling interest of the Operating Partnership common unit holders is calculated by multiplying the noncontrolling interest ownership percentage at the balance sheet date by the Operating Partnership’s net assets (total assets less total liabilities). The noncontrolling interest percentage is calculated at any point in time by dividing the number of units not owned by the Company by the total number of units outstanding. The noncontrolling interest ownership percentage will change as additional units are issued or as units are exchanged for the Company’s Common Stock. In accordance with GAAP, any changes in the value from period to period are charged to additional paid-in capital.
Recent Accounting Pronouncements
Recent Accounting Pronouncements
In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which supersedes the revenue recognition requirements of Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition” and most industry-specific guidance on revenue recognition throughout the ASC. The new standard is principles based and provides a five step model to determine when and how revenue is recognized. The core principle of the new standard is that revenue should be recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also requires disclosure of qualitative and quantitative information surrounding the amount, nature, timing and uncertainty of revenues and cash flows arising from contracts with customers. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, "Revenue from contracts with customers (Topic 606): Identifying Performance Obligations and Licensing," which provides further guidance on identifying performance obligations and intellectual property licensing implementation. Companies are permitted to adopt the ASUs as early as fiscal years beginning after December 15, 2016, but the adoption is required for fiscal years beginning after December 15, 2017. These new standards will be effective for the Company in the first quarter of the year ended December 31, 2018 and can be applied either retrospectively to all periods presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact of adoption of the new standard on its consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, "Presentation of Financial Statements - Going Concern (Subtopic 205-40)." This ASU defines management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern and provides guidance on required financial statement footnote disclosures. This ASU is effective for annual periods ending after December 15, 2016. The Company will adopt this ASU as of December 31, 2016 and use its guidance when evaluating whether there is substantial doubt about the Company's ability to continue as a going concern.
    
In April 2015, the FASB issued ASU 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs." This new guidance requires the presentation of unamortized debt issuance costs to be shown in the liabilities section of the consolidated balance sheets as a reduction of the principal amount of the associated debt, rather than as an asset. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a retrospective approach by restating prior period comparative consolidated balance sheets. The Company adopted the ASU effective January 1, 2016 and applied it on a retrospective basis for all debt issuance costs, including those pertaining to the Company’s revolving credit facility. As a result, unamortized debt issuance costs of $4.71 million as of December 31, 2015 have been reclassified from other assets and presented as a deduction of indebtedness in the consolidated balance sheet.

In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." This new guidance requires that the acquirer recognizes adjustments to preliminary acquisition values and account for the cumulative effect of any required adjustments in the period in which they are determined. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted, including adoption in an interim period. The new standard must be applied using a prospective approach for adjustments that occur after the effective date. The Company adopted the ASU effective January 1, 2016.

In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 is intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. The ASU will require organizations that lease assets referred to as “Lessees” to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. An organization is to provide disclosures designed to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements concerning additional information about the amounts recorded in the financial statements. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP which requires only capital leases to be recognized on the balance sheet the new ASU will require both types of leases (i.e. operating and capital) to be recognized on the balance sheet. The FASB lessee accounting model will continue to account for both types of leases. The capital lease will be accounted for in substantially the same manner as capital leases are accounted for under existing GAAP. The operating lease will be accounted for in a manner similar to operating leases under existing GAAP, except that lessees will recognize a lease liability and a lease asset for all of those leases. The leasing standard will be effective for calendar year-end public companies beginning after December 15, 2018.  Public companies will be required to adopt the new leasing standard for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption will be permitted for all companies and organizations upon issuance of the standard. For calendar year-end public companies, this means an adoption date of January 1, 2019 and retrospective application to previously issued annual and interim financial statements for 2018 and 2017. Lessees with a large portfolio of leases are likely to see a significant increase in balance sheet assets and liabilities. See Note 8 for the Company’s current lease commitments. The Company is currently evaluating the impact of ASU 2016-02 on its financial statements.

In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718):  Improvements to Employee Share-Based Payment Accounting.” This ASU simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows.  This ASU is effective for annual periods beginning after December 15, 2016 and early adoption is permitted.  The new standard can be applied using either a prospective transition method or a retrospective transition method. The Company will adopt this ASU in 2017 and does not expect the adoption of this ASU to materially impact its financial position or results of operations.

Other accounting standards that have been issued or proposed by the FASB or other standard-setting bodies are not currently applicable to the Company or are not expected to have a significant impact on the Company’s financial position, results of operations and cash flows.
Reclassifications
Reclassifications
    
Certain reclassifications have been made to prior period amounts to make their presentation comparable with the current period. These reclassifications had no impact on net income.
XML 28 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Details of Deferred Costs, Net of Amortization and Other Assets
Details of these deferred costs, net of amortization, and other assets are as follows:
 
March 31, 2016
 
December 31, 2015
 
(unaudited)
 
 
Lease origination costs, net
$
1,307,099

 
$
1,376,652

Leases in place, net
17,394,320

 
19,091,917

Deposits
3,487,568

 
2,012,996

Legal and marketing costs, net
121,676

 
129,325

Tenant relationships, net
10,718,892

 
12,060,172

Other
952,569

 
588,464

Total Deferred Costs and Other Assets, net
$
33,982,124

 
$
35,259,526
Future Amortization of Lease Origination Costs, Financing Costs and in Place Leases
Future amortization of lease origination costs, leases in place, legal and marketing costs and tenant relationships is as follows:
For the Periods Ending March 31,
Lease
Origination
Costs
 
Leases In
Place
 
Legal &
Marketing
Costs
 
Tenant
Relationships
2017
$
336,589

 
$
5,360,218

 
$
21,340

 
$
3,788,056

2018
282,219

 
4,182,980

 
24,131

 
2,771,963

2019
191,515

 
2,789,159

 
18,976

 
1,773,020

2020
133,743

 
1,849,525

 
15,291

 
1,095,676

2021
97,645

 
1,040,871

 
11,541

 
554,749

Thereafter
265,388

 
2,171,567

 
30,397

 
735,428

 
$
1,307,099

 
$
17,394,320

 
$
121,676

 
$
10,718,892
Corporate General And Administrative Expenses
Corporate General and Administrative Expense
    
A detail for the "corporate general & administrative" line item from the Condensed Consolidated Statements of Operations is presented below:
 
 
Three Months Ended
March 31,
 
 
2016
 
2015
 
 
(unaudited)
Acquisition and development costs
 
$
413,310

 
$
653,242

Professional fees
 
378,196

 
388,233

Compensation and benefits
 
965,929

 
655,817

Corporate administration
 
234,929

 
273,033

Equity, debt and refinancing costs
 
62,169

 
—

Travel
 
136,176

 
203,341

Advertising
 
62,086

 
45,172

Taxes and licenses
 
28,313

 
90,126

Total
 
$
2,281,108

 
$
2,308,964
XML 29 R19.htm IDEA: XBRL DOCUMENT v3.4.0.3
Investment Properties (Tables)
 3 Months Ended
Mar. 31, 2016
Real Estate [Abstract]  
Investment Properties
Investment properties consist of the following:
 
March 31, 2016
 
December 31, 2015
 
(unaudited)
 
 
Land
$
50,777,143

 
$
50,777,143

Land held for improvement
12,359,346

 
12,353,963

Buildings and improvements
188,818,862

 
188,338,469

Investment properties at cost
251,955,351

 
251,469,575

Less accumulated depreciation and amortization
(14,411,379
)
 
(12,704,944
)
Investment properties, net
$
237,543,972

 
$
238,764,631
XML 30 R20.htm IDEA: XBRL DOCUMENT v3.4.0.3
Assets Held for Sale and Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Summary of financial information of discontinued operations
As of March 31, 2016 and December 31, 2015, assets held for sale consisted of the following:
 
 
March 31,
2016
(unaudited)
 
December 31, 2015
 
 
 
 
 
Investment properties, net
 
$
1,284,888

 
$
1,284,888

Rents and other tenant receivables, net
 
28,998

 
38,945

Above market leases
 
2,616

 
2,616

Deferred costs and other assets, net
 
366,024

 
366,024

Total assets held for sale
 
$
1,682,526

 
$
1,692,473

As of March 31, 2016 and December 31, 2015, liabilities associated with assets held for sale consisted of the following:
 
 
March 31,
2016
(unaudited)
 
December 31, 2015
 
 
 
 
 
Loans payable
 
$
1,961,625

 
$
1,966,806

Below market lease intangible, net
 
14,758

 
14,758

Accounts payable, accrued expenses and other liabilities
4,753

 
10,754

Total liabilities associated with assets held for sale
$
1,981,136

 
$
1,992,318

The following is a summary of the income from discontinued operations for the three months ended March 31, 2016 and 2015:
 
 
Three Months Ended
March 31,
 
 
2016
 
2015
 
 
(unaudited)
Revenues
 
$
99,530

 
$
598,389

Expenses
 
56,897

 
316,277

Operating income
 
42,633

 
282,112

Interest expense
 
22,108

 
235,745

Income from discontinued operations
 
$
20,525

 
$
46,367
XML 31 R21.htm IDEA: XBRL DOCUMENT v3.4.0.3
Loans Payable (Tables)
 3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Summary of Loans Payable
The Company’s loans payable consist of the following:
 
 
 
 
 
 
 
 
 
 
Property/Description
Monthly Payment
 
Interest
Rate
 
Maturity
 
March 31, 2016
 
December 31, 2015
 
 
 
 
 
 
 
(unaudited)
 
 
Shoppes at Eagle Harbor
$
25,100

 
4.34
%
 
March 2018
 
$
3,599,870

 
$
3,634,085

Monarch Bank Building
$
9,473

 
4.15
%
 
December 2017
 
1,362,425

 
1,376,452

Perimeter Square
$
28,089

 
6.38
%
 
June 2016
 
4,133,592

 
4,166,406

Riversedge North
$
8,802

 
6.00
%
 
January 2019
 
950,414

 
962,281

Walnut Hill Plaza
$
24,273

 
5.50
%
 
July 2017
 
3,511,836

 
3,535,606

Twin City Commons
$
17,827

 
4.86
%
 
January 2023
 
3,211,553

 
3,225,473

Shoppes at TJ Maxx
$
33,880

 
3.88
%
 
May 2020
 
6,038,482

 
6,081,272

Bank Line of Credit
Interest only

 
4.25
%
 
September 2016
 
3,000,000

 
—

Bank Line of Credit
Interest only

 
2.94
%
 
May 2018
 
6,873,750

 
6,873,750

Forrest Gallery
$
50,973

 
5.40
%
 
September 2023
 
8,895,572

 
8,926,712

Tampa Festival
$
50,797

 
5.56
%
 
September 2023
 
8,596,023

 
8,627,294

Winslow Plaza
Interest only

 
4.82
%
 
December 2025
 
4,620,000

 
4,620,000

Cypress Shopping Center
Interest only

 
4.70
%
 
July 2024
 
6,625,000

 
6,625,000

Harrodsburg Marketplace
$
19,112

 
4.55
%
 
September 2024
 
3,662,408

 
3,677,501

Port Crossing
$
34,788

 
4.84
%
 
August 2024
 
6,446,357

 
6,471,636

LaGrange Marketplace
$
13,813

 
5.00
%
 
March 2020
 
2,406,217

 
2,418,212

Freeway Junction
Interest only

 
4.60
%
 
September 2024
 
8,150,000

 
8,150,000

DF I-Edenton
$
250,000

1 
3.75
%
 
September 2016
 
400,000

 
650,000

DF I-Moyock
$
10,665

 
5.00
%
 
July 2019
 
391,723

 
418,538

Graystone Crossing
$
20,386

 
4.55
%
 
October 2024
 
4,000,000

 
4,000,000

Bryan Station
Interest only

 
4.52
%
 
November 2024
 
4,625,000

 
4,625,000

Crockett Square
Interest only

 
4.47
%
 
December 2024
 
6,337,500

 
6,337,500

Harbor Point
$
11,024

 
5.85
%
 
December 2016
 
710,339

 
732,685

Pierpont Centre
Interest only

 
3.95
%
 
February 2025
 
8,450,000

 
8,450,000

Alex City Marketplace
Interest only

 
3.90
%
 
April 2025
 
5,750,000

 
5,750,000

Butler Square
Interest only

 
4.08
%
 
May 2025
 
5,640,000

 
5,640,000

Brook Run Shopping Center
Interest only

 
3.90
%
 
June 2025
 
10,950,000

 
10,950,000

Beaver Ruin Village I and II
Interest only

 
4.73
%
 
July 2025
 
9,400,000

 
9,400,000

Columbia Fire Station
Interest only

 
8.00
%
 
December 2017
 
459,114

 
450,053

Sunshine Shopping Plaza
Interest only

 
4.57
%
 
August 2025
 
5,900,000

 
5,900,000

Barnett Portfolio
Interest only

 
4.30
%
 
September 2025
 
8,770,000

 
8,770,000

Grove Park Shopping Center
Interest only

 
4.52
%
 
October 2025
 
3,800,000

 
3,800,000

Parkway Plaza
Interest only

 
4.57
%
 
October 2025
 
3,500,000

 
3,500,000

Conyers Crossing
Interest only

 
4.67
%
 
October 2025
 
5,960,000

 
5,960,000

Fort Howard Shopping Center
Interest only

 
4.57
%
 
October 2025
 
7,100,000

 
7,100,000

Senior convertible notes
Interest only

 
9.00
%
 
December 2018
 
3,000,000

 
3,000,000

Senior non-convertible notes
Interest only

 
9.00
%
 
January 2016
 
—

 
2,160,000

South Carolina Food Lions note
$
68,320

 
5.25
%
 
January 2024
 
12,346,548

 
12,375,000

Total Principal Balance
 
 
 
 
 
 
189,573,723

 
189,340,456

Unamortized debt issuance cost
 
 
 
 
 
 
(4,603,297
)
 
(4,711,374
)
Total Loans Payable
 
 
 
 
 
 
$
184,970,426

 
$
184,629,082


(1)$250,000plus accrued interest paid quarterly until maturity.
Summary of Company's Scheduled Principal Repayments on Indebtedness
The Company’s scheduled principal repayments on indebtedness as of March 31, 2016 are as follows:
 
For the Periods Ending March 31,
 
 
(unaudited)
2017
$
9,791,207

2018
10,326,405

2019
12,409,633

2020
3,894,318

2021
6,919,536

Thereafter
146,232,624

Total principal maturities
$
189,573,723

 
XML 32 R22.htm IDEA: XBRL DOCUMENT v3.4.0.3
Rentals under Operating Leases (Tables)
 3 Months Ended
Mar. 31, 2016
Leases [Abstract]  
Future Minimum Rentals to be Received under Noncancelable Tenant Operating Leases
Future minimum rentals to be received under noncancelable tenant operating leases for each of the next five years and thereafter, excluding Common Area Maintenance and percentage rent based on tenant sales volume, as of March 31, 2016 are as follows: 
 
For the Periods Ending March 31,
 
(unaudited)
2017
$
26,248,038

2018
22,967,833

2019
17,398,950

2020
13,193,054

2021
8,338,053

Thereafter
14,109,573

Total minimum rentals
$
102,255,501
XML 33 R23.htm IDEA: XBRL DOCUMENT v3.4.0.3
Equity (Tables)
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Dividends Declared
Dividends were made to holders of common units, common shares and preferred shares as follows:
 
 
Three Months Ended 
 March 31,
 
 
2016
 
2015
Common unit and common shareholders
 
$
3,734,897

 
$
992,883

Preferred shareholders
 
511,300

 
2,502,223

Total
 
$4,246,197
 
$3,495,106
XML 34 R24.htm IDEA: XBRL DOCUMENT v3.4.0.3
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Schedule Of Future Minimum Rental Payments Due
Future minimum lease payments due under the operating leases, including applicable automatic extension options, are as follows (unaudited):
 
 
For the Years Ended March 31,
2017
$
172,175

2018
175,844

2019
178,858

2020
119,754

2021
77,611

Thereafter
2,942,390

 
$
3,666,632
XML 35 R25.htm IDEA: XBRL DOCUMENT v3.4.0.3
Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2016
Related Party Transactions [Abstract]  
Summary of Related Party Activity
 
March 31,
 
2016
 
2015
Amounts paid to affiliates
$
75,649

 
$
354,521

Amounts received from affiliates
$
(302,010
)
 
$
(176,435
)
Amounts due from affiliates
$
(464,963
)
 
$
(597,617
)
XML 36 R26.htm IDEA: XBRL DOCUMENT v3.4.0.3
Subsequent Events (Tables)
 3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
Summary of AC Portfolio Properties
The AC Portfolio consists of the following properties:
Property Name
Location
Square Feet

Darien Shopping Center
Darien, GA
26,001

Devine Street
Columbia, SC
38,464

Folly Road
Charleston, SC
47,794

Georgetown
Georgetown, SC
29,572

Ladson Crossing
Ladson, SC
52,607

Lake Greenwood Crossing
Greenwood, SC
47,546

Lake Murray
Lexington, SC
39,218

Litchfield Market Village
Pawleys Island, SC
86,740

Moncks Corner
Moncks Corner, SC
26,800

Ridgeland
Ridgeland, SC
20,029

Shoppes at Myrtle Park
Bluffton, SC
56,380

South Lake
Lexington, SC
44,318

South Park
Mullins, SC
60,874

St. Matthews
St. Matthews, SC
29,015
Schedule of preliminary fair values of assets acquired and liabilities assumed
The following summarizes the consideration paid and the preliminary fair values of assets acquired and liabilities assumed in conjunction with the acquisitions described above, along with a description of the methods used to determine fair value. In determining fair values, the Company considered many factors including, but not limited to, cash flows, market cap rates, location, occupancy rates, appraisals, other acquisitions and management’s knowledge of the current acquisition market for similar properties. The valuation and purchase price allocation for this acquisition are preliminary, but are expected to be finalized by March 31, 2017.
 
 
 
 
A-C Portfolio
Preliminary fair value of assets acquired and liabilities assumed:
 
 
Investment property (a)
$
58,595,869

 
Lease intangibles and other assets (b)
12,124,143

 
Above market leases (c)
2,942,219

 
Below market leases (c)
(2,662,231
)
 
 
 
 
 
 
Preliminary fair value of net assets acquired:
$
71,000,000

 
 
 
 
 
Purchase consideration:
 
 
 
Consideration paid with cash and debt
$
69,000,000

 
Consideration paid with common units
2,000,000

 
 
 
 
 
 
Total consideration (d)
$
71,000,000

a.
Represents the preliminary fair value of the net investment properties acquired which includes land, buildings, site improvements and tenant improvements. The preliminary fair value was determined using following approaches:
i. the market approach valuation methodology for land by considering similar transactions in the markets;
ii. a combination of the cost approach and income approach valuation methodologies for buildings, including replacement cost evaluations, “go dark” analyses and residual calculations incorporating the land values; and
iii.
the cost approach valuation methodology for site and tenant improvements, including replacement costs and prevailing quoted market rates.
b.
Represents the preliminary fair value of lease intangibles and other assets. Lease intangibles include leasing commissions, in place leases and tenant relationships associated with replacing existing leases. The income approach was used to determine the fair value of these intangible assets which included estimated market rates and expenses. It was determined that carrying value approximated fair value for other asset amounts.
c.
Represents the fair value of above/below market leases. The income approach was used to determine the fair value of above/below market leases using market rental rates for similar properties.
d.
Represents the components of purchase consideration paid.
Pro forma financial Information
Unaudited pro forma financial information in the aggregate is presented below for the acquisitions of the A-C Portfolio. The unaudited pro forma information presented below includes the effects of the acquisitions as if they had been consummated as of the beginning of the prior fiscal year. The pro forma results include adjustments for depreciation and amortization associated with acquired tangible and intangible assets, straight-line rent adjustments, interest expense related to debt incurred and adjustments attributable to the increase in noncontrolling interests relating to the incremental common units used as consideration in the acquisition of the A-C Portfolio.
 
 
Three Months Ended
March 31,
 
 
2016
 
2015
Rental revenue
 
$
8,445,894

 
$
5,500,993

Net loss
 
$
(4,009,869
)
 
$
(4,759,684
)
Net loss attributable to Wheeler REIT
$
(3,554,453
)
 
$
(4,097,715
)
Net loss attributable to Wheeler REIT common shareholders
$
(4,065,753
)
 
$
(6,599,938
)
Basic loss per share
 
$
(0.06
)
 
$
(0.85
)
Diluted loss per share
 
$
(0.06
)
 
$
(0.85
)
XML 37 R27.htm IDEA: XBRL DOCUMENT v3.4.0.3
Organization and Basis of Presentation and Consolidation (Details)
Mar. 31, 2016
property
Building
Accounting Policies [Abstract]  
Number of Real Estate Properties 42
Number Of Office Buildings | Building 1
Undeveloped land parcels 10
XML 38 R28.htm IDEA: XBRL DOCUMENT v3.4.0.3
Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Property, Plant and Equipment [Line Items]      
Maturity Of Highly Liquid Investments 90 days    
Insurance Coverage Amount $ 250,000    
Cash, Uninsured Amount $ 3,920,000   $ 6,990,000
Past due rent charge term 5 days    
Allowance for uncollectible accounts $ 391,300   411,394
Bad debt expenses 87,526 $ 47,198  
Recoveries related to tenant receivables 0 0  
Finite-Lived Intangible Assets, Accumulated Amortization 19,469,800   16,595,092
Amortization of Intangible Assets 3,146,980 2,031,486  
Operating Leases, Income Statement, Percentage Revenue 70,228 26,211  
Gain (Loss) on Contract Termination $ 25,674 0  
Minimum percentage of taxable income to be distributed to stockholders (as percent) 90.00%    
Provision for federal income taxes $ 0    
Term of disqualification to be taxed as a REIT due to loss of REIT status 5 years    
Property Management Fee, Percent Fee 3.00%    
Asset Management Fee, Percent Fee 2.00%    
Marketing and Advertising Expense $ 62,086 $ 45,172  
Debt Instrument, Unamortized Discount     $ 4,710,000
Building and Improvements [Member] | Minimum [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Useful Life 5 years    
Building and Improvements [Member] | Maximum [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Useful Life 40 years    
New Lease [Member]      
Operating Leased Assets [Line Items]      
Commission Fee, Percent Fee 6.00%    
Renewed Lease [Member]      
Operating Leased Assets [Line Items]      
Commission Fee, Percent Fee 3.00%    
XML 39 R29.htm IDEA: XBRL DOCUMENT v3.4.0.3
Summary of Significant Accounting Policies - Details of Deferred Costs, Net of Amortization and Other Assets (Detail) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Deferred Costs And Other Assets [Line Items]    
Lease origination costs, net $ 1,307,099 $ 1,376,652
Deposits and escrows 3,487,568 2,012,996
Tenant relationships, net 10,718,892 12,060,172
Other 952,569 588,464
Total Deferred Costs and Other Assets, net 33,982,124 35,259,526
Leases in Place, Net [Member]    
Deferred Costs And Other Assets [Line Items]    
Total Deferred Costs and Other Assets, net 17,394,320 19,091,917
Legal and Marketing Costs, Net [Member]    
Deferred Costs And Other Assets [Line Items]    
Total Deferred Costs and Other Assets, net $ 121,676 $ 129,325
XML 40 R30.htm IDEA: XBRL DOCUMENT v3.4.0.3
Summary of Significant Accounting Policies - Schedule of Future Amortization of Lease Origination Costs, Financing Costs and in Place Leases (Detail)
Mar. 31, 2016
USD ($)
Lease Origination Costs [Member]  
Future Amortization Of Deferred Costs And Other Assets [Line Items]  
2017 $ 336,589
2018 282,219
2019 191,515
2020 133,743
2021 97,645
Thereafter 265,388
Amortization of Intangible Assets 1,307,099
Leases in Place [Member]  
Future Amortization Of Deferred Costs And Other Assets [Line Items]  
2017 5,360,218
2018 4,182,980
2019 2,789,159
2020 1,849,525
2021 1,040,871
Thereafter 2,171,567
Amortization of Intangible Assets 17,394,320
Legal and Marketing Costs [Member]  
Future Amortization Of Deferred Costs And Other Assets [Line Items]  
2017 21,340
2018 24,131
2019 18,976
2020 15,291
2021 11,541
Thereafter 30,397
Amortization of Intangible Assets 121,676
Tenant Relationships [Member]  
Future Amortization Of Deferred Costs And Other Assets [Line Items]  
2017 3,788,056
2018 2,771,963
2019 1,773,020
2020 1,095,676
2021 554,749
Thereafter 735,428
Amortization of Intangible Assets $ 10,718,892
XML 41 R31.htm IDEA: XBRL DOCUMENT v3.4.0.3
Summary of Significant Accounting Policies CG&A Schedule (Details) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CG&A Schedule [Abstract]    
Acquisition and development costs $ 413,310 $ 653,242
Professional fees 378,196 388,233
Compensation and benefits 965,929 655,817
Corporate administration 234,929 273,033
Equity, debt and refinancing costs 62,169 0
Travel 136,176 203,341
Advertising 62,086 45,172
Taxes and licenses 28,313 90,126
Total $ 2,281,108 $ 2,308,964
XML 42 R32.htm IDEA: XBRL DOCUMENT v3.4.0.3
Investment Properties (Detail) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Real Estate Properties [Line Items]      
Investment properties at cost $ 251,955,351   $ 251,469,575
Land held for development 12,359,346   12,353,963
Less accumulated depreciation and amortization (14,411,379)   (12,704,944)
Investment properties, net 237,543,972   238,764,631
Depreciation 1,733,107 $ 969,492  
Land [Member]      
Real Estate Properties [Line Items]      
Investment properties at cost 50,777,143   50,777,143
Building and Improvements [Member]      
Real Estate Properties [Line Items]      
Investment properties at cost $ 188,818,862   $ 188,338,469
XML 43 R33.htm IDEA: XBRL DOCUMENT v3.4.0.3
Assets Held for Sale and Discontinued Operations (Details) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]      
Investment properties, net $ 1,284,888   $ 1,284,888
Rents and other tenant receivables, net 28,998   38,945
Above market leases 2,616   2,616
Deferred costs and other assets, net 366,024   366,024
Total assets held for sale 1,682,526   1,692,473
Loans payable 1,961,625   1,966,806
Below market lease intangible, net 14,758   14,758
Accounts payable, accrued expenses and other liabilities 4,753   10,754
Total liabilities associated with assets held for sale 1,981,136   $ 1,992,318
Revenues 99,530 $ 598,389  
Expenses 56,897 316,277  
Operating income 42,633 282,112  
Interest expense 22,108 235,745  
Income from discontinued operations $ 20,525 $ 46,367  
XML 44 R34.htm IDEA: XBRL DOCUMENT v3.4.0.3
Loans Payable - Summary of Loans Payable (Detail) - USD ($)
 3 Months Ended
Mar. 31, 2016
Dec. 31, 2015
May. 29, 2015
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 184,970,426 $ 184,629,082  
Secured debt, gross of unamortized debt issuance cost 189,573,723 189,340,456  
Deferred Finance Costs, Net (4,603,297) (4,711,374)  
Line of Credit [Member] | Monarch Bank Line Of Credit [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 3,000,000 0  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.25%    
Mortgage Loans Payable, Maturity Period 2016-09    
Line of Credit [Member] | KeyBank [Member]      
Debt Instrument [Line Items]      
Interest rate margin above LIBOR, minimum     1.75%
Interest rate margin above LIBOR, maximum     2.50%
Mortgages and other indebtedness $ 6,873,750    
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 2.94%    
Mortgage Loans Payable, Maturity Period 2018-05    
Line of Credit Facility, Remaining Borrowing Capacity $ 37,530,000    
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage 0.30%    
Senior Convertible Notes [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 3,000,000 3,000,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 9.00%    
Mortgage Loans Payable, Maturity Period 2018-12    
Senior Non-Convertible Notes [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 0 2,160,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 9.00%    
Mortgage Loans Payable, Maturity Period 2016-01    
Debt Instrument, Face Amount $ 2,160,000    
Shoppes at Eagle Harbor [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness 3,599,870 3,634,085  
Mortgage Loans Payable, Monthly Payment $ 25,100    
Mortgage Loans Payable, Interest Rate 4.34%    
Mortgage Loans Payable, Maturity Period 2018-03    
Monarch Bank Building [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 1,362,425 1,376,452  
Mortgage Loans Payable, Monthly Payment $ 9,473    
Mortgage Loans Payable, Interest Rate 4.15%    
Mortgage Loans Payable, Maturity Period 2017-12    
Perimeter Square [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 4,133,592 4,166,406  
Mortgage Loans Payable, Monthly Payment $ 28,089    
Mortgage Loans Payable, Interest Rate 6.38%    
Mortgage Loans Payable, Maturity Period 2016-06    
Riversedge North [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 950,414 962,281  
Mortgage Loans Payable, Monthly Payment $ 8,802    
Mortgage Loans Payable, Interest Rate 6.00%    
Mortgage Loans Payable, Maturity Period 2019-01    
Walnut Hill Plaza [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 3,511,836 3,535,606  
Mortgage Loans Payable, Monthly Payment $ 24,273    
Mortgage Loans Payable, Interest Rate 5.50%    
Mortgage Loans Payable, Maturity Period 2017-07    
Twin City Commons [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 3,211,553 3,225,473  
Mortgage Loans Payable, Monthly Payment $ 17,827    
Mortgage Loans Payable, Interest Rate 4.86%    
Mortgage Loans Payable, Maturity Period 2023-01    
Shoppes at TJ Maxx [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 6,038,482 6,081,272  
Mortgage Loans Payable, Monthly Payment $ 33,880    
Mortgage Loans Payable, Interest Rate 3.88%    
Mortgage Loans Payable, Maturity Period 2020-05    
Forrest Gallery [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 8,895,572 8,926,712  
Mortgage Loans Payable, Monthly Payment $ 50,973    
Mortgage Loans Payable, Interest Rate 5.40%    
Mortgage Loans Payable, Maturity Period 2023-09    
Tampa Festival [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 8,596,023 8,627,294  
Mortgage Loans Payable, Monthly Payment $ 50,797    
Mortgage Loans Payable, Interest Rate 5.56%    
Mortgage Loans Payable, Maturity Period 2023-09    
Winslow Plaza [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 4,620,000 4,620,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.82%    
Mortgage Loans Payable, Maturity Period 2025-12    
Cypress Shopping Center [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 6,625,000 6,625,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.70%    
Mortgage Loans Payable, Maturity Period 2024-07    
Harrodsburg Marketplace [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 3,662,408 3,677,501  
Mortgage Loans Payable, Monthly Payment $ 19,112    
Mortgage Loans Payable, Interest Rate 4.55%    
Mortgage Loans Payable, Maturity Period 2024-09    
Port Crossing Shopping Center [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 6,446,357 6,471,636  
Mortgage Loans Payable, Monthly Payment $ 34,788    
Mortgage Loans Payable, Interest Rate 4.84%    
Mortgage Loans Payable, Maturity Period 2024-08    
LaGrange Marketplace [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 2,406,217 2,418,212  
Mortgage Loans Payable, Monthly Payment $ 13,813    
Mortgage Loans Payable, Interest Rate 5.00%    
Mortgage Loans Payable, Maturity Period 2020-03    
Freeway Junction [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 8,150,000 8,150,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.60%    
Mortgage Loans Payable, Maturity Period 2024-09    
DF I-Edenton [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 400,000 650,000  
Mortgage Loans Payable, Monthly Payment $ 250,000    
Mortgage Loans Payable, Interest Rate 3.75%    
Mortgage Loans Payable, Maturity Period 2016-09    
DF I-Moyock [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 391,723 418,538  
Mortgage Loans Payable, Monthly Payment $ 10,665    
Mortgage Loans Payable, Interest Rate 5.00%    
Mortgage Loans Payable, Maturity Period 2019-07    
Graystone Crossing [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 4,000,000 4,000,000  
Mortgage Loans Payable, Monthly Payment $ 20,386    
Mortgage Loans Payable, Interest Rate 4.55%    
Mortgage Loans Payable, Maturity Period 2024-10    
Bryan Station [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 4,625,000 4,625,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.52%    
Mortgage Loans Payable, Maturity Period 2024-11    
Crockett Square [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 6,337,500 6,337,500  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.47%    
Mortgage Loans Payable, Maturity Period 2024-12    
Harbor Point [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 710,339 732,685  
Mortgage Loans Payable, Monthly Payment $ 11,024    
Mortgage Loans Payable, Interest Rate 5.85%    
Mortgage Loans Payable, Maturity Period 2016-12    
Pierpont Centre [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 8,450,000 8,450,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 3.95%    
Mortgage Loans Payable, Maturity Period 2025-02    
Alex City Marketplace [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 5,750,000 5,750,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 3.90%    
Mortgage Loans Payable, Maturity Period 2025-04    
Butler Square [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 5,640,000 5,640,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.08%    
Mortgage Loans Payable, Maturity Period 2025-05    
Brook Run Shopping Center [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 10,950,000 10,950,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 3.90%    
Mortgage Loans Payable, Maturity Period 2025-06    
Beaver Village I and II [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 9,400,000 9,400,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.73%    
Mortgage Loans Payable, Maturity Period 2025-07    
Columbia Fire Station [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 459,114 450,053  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 8.00%    
Mortgage Loans Payable, Maturity Period 2025-07    
Sunshine Plaza [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 5,900,000 5,900,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.57%    
Mortgage Loans Payable, Maturity Period 2025-08    
Barnett Portfolio [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 8,770,000 8,770,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.30%    
Mortgage Loans Payable, Maturity Period 2025-09    
Grove Park Shopping Center [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 3,800,000 3,800,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.52%    
Mortgage Loans Payable, Maturity Period 2025-10    
Parkway Plaza Shopping Center [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 3,500,000 3,500,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.57%    
Mortgage Loans Payable, Maturity Period 2025-10    
Conyers Crossing [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 5,960,000 5,960,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.67%    
Mortgage Loans Payable, Maturity Period 2025-10    
Ft. Howard Square [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 7,100,000 7,100,000  
Mortgage Loans Payable, Monthly Payment Interest only    
Mortgage Loans Payable, Interest Rate 4.57%    
Mortgage Loans Payable, Maturity Period 2025-10    
South Carolina Food Lions Note [Member]      
Debt Instrument [Line Items]      
Mortgages and other indebtedness $ 12,346,548 $ 12,375,000  
Mortgage Loans Payable, Monthly Payment $ 68,320    
Mortgage Loans Payable, Interest Rate 5.25%    
Mortgage Loans Payable, Maturity Period 2024-01    
XML 45 R35.htm IDEA: XBRL DOCUMENT v3.4.0.3
Loans Payable - Summary of Company's Scheduled Principal Repayments on Indebtedness (Detail) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Debt Disclosure [Abstract]    
2017 $ 9,791,207  
2018 10,326,405  
2019 12,409,633  
2020 3,894,318  
2021 6,919,536  
Thereafter 146,232,624  
Total principal maturities $ 189,573,723 $ 189,340,456
XML 46 R36.htm IDEA: XBRL DOCUMENT v3.4.0.3
Rentals under Operating Leases - Future Minimum Rentals to be Received under Noncancelable Tenant Operating Leases (Detail)
Mar. 31, 2016
USD ($)
Leases [Abstract]  
2017 $ 26,248,038
2018 22,967,833
2019 17,398,950
2020 13,193,054
2021 8,338,053
Thereafter 14,109,573
Total $ 102,255,501
XML 47 R37.htm IDEA: XBRL DOCUMENT v3.4.0.3
Equity - Additional Information (Detail) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Mar. 18, 2014
Equity [Line Items]        
Preferred stock shares issued (in shares) 729,119      
Potential shares which are antidilutive (in shares) 5,062,674      
Dividend payable per share (in dollars per share)       $ 0.0175
Dividend accrued $ 1,245,605      
Common unit and common shareholders 3,734,897 $ 992,883    
Preferred shareholders 511,300 2,502,223    
Total dividends 4,246,197 $ 3,495,106    
Preferred Stock [Member]        
Equity [Line Items]        
Dividend accrued $ 422,774      
Dividend disbursement date Apr. 15, 2016      
2015 Share Incentive Plan [Member]        
Equity [Line Items]        
Maximum number of shares authorized under 2015 Share Incentive Plan (in shares) 1,000,000      
Issuance of common stock under Share Incentive Plan (in shares) 54,707      
Value of stock issued Share Incentive Plan $ 70,000      
Shares available for issuance under Share Incentive Plan (in shares) 702,401      
Series B Preferred Stock [Member]        
Equity [Line Items]        
Preferred stock shares issued (in shares) 729,119   729,119  
Warrant [Member]        
Equity [Line Items]        
Potential shares which are antidilutive (in shares) 2,635,025      
Operating Partnership's Common Units [Member]        
Equity [Line Items]        
Common units outstanding (in shares) 3,354,583      
Convertible Debt [Member]        
Equity [Line Items]        
Convertible Debt $ 3,000,000      
XML 48 R38.htm IDEA: XBRL DOCUMENT v3.4.0.3
Commitments and Contingencies - Additional Information (Detail) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Northeast [Member]    
Loss Contingencies [Line Items]    
Percentage Accounted By Properties Of Its Annualized Base Rent 2.00%  
Mid Atlantic [Member]    
Loss Contingencies [Line Items]    
Percentage Accounted By Properties Of Its Annualized Base Rent 23.00%  
Southeast [Member]    
Loss Contingencies [Line Items]    
Percentage Accounted By Properties Of Its Annualized Base Rent 72.00%  
Southwest [Member]    
Loss Contingencies [Line Items]    
Percentage Accounted By Properties Of Its Annualized Base Rent 3.00%  
Amscot Building [Member]    
Loss Contingencies [Line Items]    
Long Term Ground Leases Expiration Period 2045  
Ground Leases Expense $ 4,539 $ 4,432
Beaver Ruin Village [Member]    
Loss Contingencies [Line Items]    
Long Term Ground Leases Expiration Period 2054  
Ground Leases Expense $ 11,428 0
Beaver Ruin Village II [Member]    
Loss Contingencies [Line Items]    
Long Term Ground Leases Expiration Period 2056  
Ground Leases Expense $ 4,463 0
Charleston Office [Member]    
Loss Contingencies [Line Items]    
Long Term Ground Leases Expiration Period 2019  
Operating Leases, Rent Expense, Net $ 16,758 $ 16,336
XML 49 R39.htm IDEA: XBRL DOCUMENT v3.4.0.3
Commitments and Contingencies - Future Minimum Lease Payments Due Under Operating Leases (Details)
Mar. 31, 2016
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
2017 $ 172,175
2018 175,844
2019 178,858
2020 119,754
2021 77,611
Thereafter 2,942,390
Total future payments due, operating leases $ 3,666,632
XML 50 R40.htm IDEA: XBRL DOCUMENT v3.4.0.3
Related Party Transactions - Summary of Related Party Activity (Detail) - Wheeler Interests and Affiliates [Member] - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Related Party Transaction [Line Items]    
Amounts paid to affiliates $ 75,649 $ 354,521
Amounts received from affiliates (302,010) (176,435)
Amounts due from affiliates $ (464,963) $ (597,617)
XML 51 R41.htm IDEA: XBRL DOCUMENT v3.4.0.3
Related Party Transactions - Additional Information (Detail)
$ in Thousands
Mar. 31, 2016
USD ($)
Pineland Shopping Center [Member]  
Related Party Transaction [Line Items]  
Contract Receivable $ 2,770
XML 52 R42.htm IDEA: XBRL DOCUMENT v3.4.0.3
Subsequent Events - Additional Information (Detail)
 3 Months Ended
Apr. 28, 2016
USD ($)
shares
Apr. 12, 2016
USD ($)
ft²
property
shares
Apr. 08, 2016
USD ($)
$ / shares
shares
Mar. 31, 2016
USD ($)
$ / shares
Mar. 31, 2015
USD ($)
$ / shares
Dec. 31, 2015
USD ($)
$ / shares
May. 29, 2015
USD ($)
Subsequent Event [Line Items]              
Common Stock, Par or Stated Value Per Share | $ / shares       $ 0.01   $ 0.01  
Secured Debt       $ 184,970,426   $ 184,629,082  
Line of Credit [Member] | KeyBank [Member]              
Subsequent Event [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage       2.94%      
Line of Credit Facility, Maximum Borrowing Capacity             $ 45,000,000
Secured Debt       $ 6,873,750      
Convertible Senior Notes [Member]              
Subsequent Event [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage       9.00%      
Secured Debt       $ 3,000,000   $ 3,000,000  
A-C Portfolio [Member] [Member]              
Subsequent Event [Line Items]              
Rental revenue       8,445,894 $ 5,500,993    
Net loss       (4,009,869) (4,759,684)    
Net loss attributable to Wheeler REIT       (3,554,453) (4,097,715)    
Net loss attributable to Wheeler REIT common shareholders       $ (4,065,753) $ (6,599,938)    
Basic loss per share (in usd per share) | $ / shares       $ (0.06) $ (0.85)    
Diluted loss per share (in usd per share) | $ / shares       $ (0.06) $ (0.85)    
Subsequent Event [Member] | Line of Credit [Member]              
Subsequent Event [Line Items]              
Proceeds from issuance of secured debt     $ 8,000,000        
Debt Instrument, Interest Rate, Stated Percentage     8.00%        
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares     6,000,000        
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares     $ 0.0001        
Subsequent Event [Member] | Line of Credit [Member] | KeyBank [Member]              
Subsequent Event [Line Items]              
Line of Credit Facility, Maximum Borrowing Capacity   $ 67,200,000          
Acquisition Price, Cash Portion   $ 60,400,000          
Basis points above 30-day LIBOR   5.00%          
Subsequent Event [Member] | Convertible Senior Notes [Member]              
Subsequent Event [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage 9.00%            
Secured Debt $ 3,000,000            
Prepayment notice period 30 days            
Number of shares issuable upon conversion (in shares) | shares 1,417,079            
Subsequent Event [Member] | A-C Portfolio [Member] [Member]              
Subsequent Event [Line Items]              
Number of retail properties acquired | property   14          
Acquisition Contract Price   $ 71,000,000          
Number of shares issued (in shares) | shares   888,889          
Area of grocery-anchored shopping center (in sqft) | ft²   605,358          
Percentage Of Real Estate Areas Leased   92.00%          
Number Of Tenants At Property Acquisition Date | property   77          
Investment property   $ 58,595,869          
Below Market Lease, Acquired   (2,662,231)          
Preliminary fair value of net assets acquired:   71,000,000          
Consideration paid with cash and debt   69,000,000          
Consideration paid with common units   2,000,000          
Total consideration   71,000,000          
Subsequent Event [Member] | A-C Portfolio [Member] [Member] | Lease intangibles and other assets [Member]              
Subsequent Event [Line Items]              
Assets acquired   12,124,143          
Subsequent Event [Member] | A-C Portfolio [Member] [Member] | Above Market Leases [Member]              
Subsequent Event [Line Items]              
Assets acquired   $ 2,942,219          
Subsequent Event [Member] | Darien Shopping Center [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   26,001          
Subsequent Event [Member] | Devine Street [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   38,464          
Subsequent Event [Member] | Folly Road [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   47,794          
Subsequent Event [Member] | Georgetown [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   29,572          
Subsequent Event [Member] | Ladson Crossing [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   52,607          
Subsequent Event [Member] | Lake Greenwood Crossing [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   47,546          
Subsequent Event [Member] | Lake Murray [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   39,218          
Subsequent Event [Member] | Litchfield Market Village [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   86,740          
Subsequent Event [Member] | Moncks Corner [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   26,800          
Subsequent Event [Member] | Ridgeland [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   20,029          
Subsequent Event [Member] | Shoppes at Myrtle Park [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   56,380          
Subsequent Event [Member] | South Lake [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   44,318          
Subsequent Event [Member] | South Park [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   60,874          
Subsequent Event [Member] | St. Matthews [Member]              
Subsequent Event [Line Items]              
Area of grocery-anchored shopping center (in sqft) | ft²   29,015          
EXCEL 53 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 55 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 57 FilingSummary.xml IDEA: XBRL DOCUMENT 3.4.0.3 html 212 278 1 false 89 0 false 7 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://www.whlr.us/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 1001000 - Statement - Condensed Consolidated Balance Sheets Sheet http://www.whlr.us/role/CondensedConsolidatedBalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 1001501 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://www.whlr.us/role/CondensedConsolidatedBalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 1002000 - Statement - Condensed Consolidated Statements of Operations Sheet http://www.whlr.us/role/CondensedConsolidatedStatementsOfOperations Condensed Consolidated Statements of Operations Statements 4 false false R5.htm 1003000 - Statement - Condensed Consolidated Statement of Equity Sheet http://www.whlr.us/role/CondensedConsolidatedStatementOfEquity Condensed Consolidated Statement of Equity Statements 5 false false R6.htm 1004000 - Statement - Condensed Consolidated Statements of Cash Flows Sheet http://www.whlr.us/role/CondensedConsolidatedStatementsOfCashFlows Condensed Consolidated Statements of Cash Flows Statements 6 false false R7.htm 2101100 - Disclosure - Organization and Basis of Presentation and Consolidation Sheet http://www.whlr.us/role/OrganizationAndBasisOfPresentationAndConsolidation Organization and Basis of Presentation and Consolidation Notes 7 false false R8.htm 2102100 - Disclosure - Summary of Significant Accounting Policies Sheet http://www.whlr.us/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 2103100 - Disclosure - Investment Properties Sheet http://www.whlr.us/role/InvestmentProperties Investment Properties Notes 9 false false R10.htm 2105100 - Disclosure - Assets Held for Sale and Discontinued Operations Sheet http://www.whlr.us/role/AssetsHeldForSaleAndDiscontinuedOperations Assets Held for Sale and Discontinued Operations Notes 10 false false R11.htm 2106100 - Disclosure - Loans Payable Sheet http://www.whlr.us/role/LoansPayable Loans Payable Notes 11 false false R12.htm 2107100 - Disclosure - Rentals under Operating Leases Sheet http://www.whlr.us/role/RentalsUnderOperatingLeases Rentals under Operating Leases Notes 12 false false R13.htm 2108100 - Disclosure - Equity Sheet http://www.whlr.us/role/Equity Equity Notes 13 false false R14.htm 2109100 - Disclosure - Commitments and Contingencies Sheet http://www.whlr.us/role/CommitmentsAndContingencies Commitments and Contingencies Notes 14 false false R15.htm 2110100 - Disclosure - Related Party Transactions Sheet http://www.whlr.us/role/RelatedPartyTransactions Related Party Transactions Notes 15 false false R16.htm 2111100 - Disclosure - Subsequent Events Sheet http://www.whlr.us/role/SubsequentEvents Subsequent Events Notes 16 false false R17.htm 2202201 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://www.whlr.us/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://www.whlr.us/role/SummaryOfSignificantAccountingPolicies 17 false false R18.htm 2302302 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://www.whlr.us/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://www.whlr.us/role/SummaryOfSignificantAccountingPolicies 18 false false R19.htm 2303301 - Disclosure - Investment Properties (Tables) Sheet http://www.whlr.us/role/InvestmentPropertiesTables Investment Properties (Tables) Tables http://www.whlr.us/role/InvestmentProperties 19 false false R20.htm 2305301 - Disclosure - Assets Held for Sale and Discontinued Operations (Tables) Sheet http://www.whlr.us/role/AssetsHeldForSaleAndDiscontinuedOperationsTables Assets Held for Sale and Discontinued Operations (Tables) Tables http://www.whlr.us/role/AssetsHeldForSaleAndDiscontinuedOperations 20 false false R21.htm 2306301 - Disclosure - Loans Payable (Tables) Sheet http://www.whlr.us/role/LoansPayableTables Loans Payable (Tables) Tables http://www.whlr.us/role/LoansPayable 21 false false R22.htm 2307301 - Disclosure - Rentals under Operating Leases (Tables) Sheet http://www.whlr.us/role/RentalsUnderOperatingLeasesTables Rentals under Operating Leases (Tables) Tables http://www.whlr.us/role/RentalsUnderOperatingLeases 22 false false R23.htm 2308301 - Disclosure - Equity (Tables) Sheet http://www.whlr.us/role/EquityTables Equity (Tables) Tables http://www.whlr.us/role/Equity 23 false false R24.htm 2309301 - Disclosure - Commitments and Contingencies (Tables) Sheet http://www.whlr.us/role/CommitmentsAndContingenciesTables Commitments and Contingencies (Tables) Tables http://www.whlr.us/role/CommitmentsAndContingencies 24 false false R25.htm 2310301 - Disclosure - Related Party Transactions (Tables) Sheet http://www.whlr.us/role/RelatedPartyTransactionsTables Related Party Transactions (Tables) Tables http://www.whlr.us/role/RelatedPartyTransactions 25 false false R26.htm 2311301 - Disclosure - Subsequent Events (Tables) Sheet http://www.whlr.us/role/SubsequentEventsTables Subsequent Events (Tables) Tables http://www.whlr.us/role/SubsequentEvents 26 false false R27.htm 2401401 - Disclosure - Organization and Basis of Presentation and Consolidation (Details) Sheet http://www.whlr.us/role/OrganizationAndBasisOfPresentationAndConsolidationDetails Organization and Basis of Presentation and Consolidation (Details) Details http://www.whlr.us/role/OrganizationAndBasisOfPresentationAndConsolidation 27 false false R28.htm 2402403 - Disclosure - Summary of Significant Accounting Policies - Additional Information (Detail) Sheet http://www.whlr.us/role/SummaryOfSignificantAccountingPoliciesAdditionalInformationDetail Summary of Significant Accounting Policies - Additional Information (Detail) Details 28 false false R29.htm 2402404 - Disclosure - Summary of Significant Accounting Policies - Details of Deferred Costs, Net of Amortization and Other Assets (Detail) Sheet http://www.whlr.us/role/SummaryOfSignificantAccountingPoliciesDetailsOfDeferredCostsNetOfAmortizationAndOtherAssetsDetail Summary of Significant Accounting Policies - Details of Deferred Costs, Net of Amortization and Other Assets (Detail) Details 29 false false R30.htm 2402405 - Disclosure - Summary of Significant Accounting Policies - Schedule of Future Amortization of Lease Origination Costs, Financing Costs and in Place Leases (Detail) Sheet http://www.whlr.us/role/SummaryOfSignificantAccountingPoliciesScheduleOfFutureAmortizationOfLeaseOriginationCostsFinancingCostsAndInPlaceLeasesDetail Summary of Significant Accounting Policies - Schedule of Future Amortization of Lease Origination Costs, Financing Costs and in Place Leases (Detail) Details 30 false false R31.htm 2402406 - Disclosure - Summary of Significant Accounting Policies CG&A Schedule (Details) Sheet http://www.whlr.us/role/SummaryOfSignificantAccountingPoliciesCgaScheduleDetails Summary of Significant Accounting Policies CG&A Schedule (Details) Details 31 false false R32.htm 2403402 - Disclosure - Investment Properties (Detail) Sheet http://www.whlr.us/role/InvestmentPropertiesDetail Investment Properties (Detail) Details http://www.whlr.us/role/InvestmentPropertiesTables 32 false false R33.htm 2405402 - Disclosure - Assets Held for Sale and Discontinued Operations (Details) Sheet http://www.whlr.us/role/AssetsHeldForSaleAndDiscontinuedOperationsDetails Assets Held for Sale and Discontinued Operations (Details) Details http://www.whlr.us/role/AssetsHeldForSaleAndDiscontinuedOperationsTables 33 false false R34.htm 2406402 - Disclosure - Loans Payable - Summary of Loans Payable (Detail) Sheet http://www.whlr.us/role/LoansPayableSummaryOfLoansPayableDetail Loans Payable - Summary of Loans Payable (Detail) Details 34 false false R35.htm 2406403 - Disclosure - Loans Payable - Summary of Company's Scheduled Principal Repayments on Indebtedness (Detail) Sheet http://www.whlr.us/role/LoansPayableSummaryOfCompanysScheduledPrincipalRepaymentsOnIndebtednessDetail Loans Payable - Summary of Company's Scheduled Principal Repayments on Indebtedness (Detail) Details 35 false false R36.htm 2407402 - Disclosure - Rentals under Operating Leases - Future Minimum Rentals to be Received under Noncancelable Tenant Operating Leases (Detail) Sheet http://www.whlr.us/role/RentalsUnderOperatingLeasesFutureMinimumRentalsToBeReceivedUnderNoncancelableTenantOperatingLeasesDetail Rentals under Operating Leases - Future Minimum Rentals to be Received under Noncancelable Tenant Operating Leases (Detail) Details 36 false false R37.htm 2408402 - Disclosure - Equity - Additional Information (Detail) Sheet http://www.whlr.us/role/EquityAdditionalInformationDetail Equity - Additional Information (Detail) Details 37 false false R38.htm 2409402 - Disclosure - Commitments and Contingencies - Additional Information (Detail) Sheet http://www.whlr.us/role/CommitmentsAndContingenciesAdditionalInformationDetail Commitments and Contingencies - Additional Information (Detail) Details 38 false false R39.htm 2409403 - Disclosure - Commitments and Contingencies - Future Minimum Lease Payments Due Under Operating Leases (Details) Sheet http://www.whlr.us/role/CommitmentsAndContingenciesFutureMinimumLeasePaymentsDueUnderOperatingLeasesDetails Commitments and Contingencies - Future Minimum Lease Payments Due Under Operating Leases (Details) Details 39 false false R40.htm 2410402 - Disclosure - Related Party Transactions - Summary of Related Party Activity (Detail) Sheet http://www.whlr.us/role/RelatedPartyTransactionsSummaryOfRelatedPartyActivityDetail Related Party Transactions - Summary of Related Party Activity (Detail) Details 40 false false R41.htm 2410403 - Disclosure - Related Party Transactions - Additional Information (Detail) Sheet http://www.whlr.us/role/RelatedPartyTransactionsAdditionalInformationDetail Related Party Transactions - Additional Information (Detail) Details 41 false false R42.htm 2411402 - Disclosure - Subsequent Events - Additional Information (Detail) Sheet http://www.whlr.us/role/SubsequentEventsAdditionalInformationDetail Subsequent Events - Additional Information (Detail) Details 42 false false All Reports Book All Reports whlr-20160331.xml whlr-20160331.xsd whlr-20160331_cal.xml whlr-20160331_def.xml whlr-20160331_lab.xml whlr-20160331_pre.xml true true ZIP 59 0001527541-16-000268-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001527541-16-000268-xbrl.zip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

'_I@PRCG2J!>ET".X3'EKQ62H7 MX<,D0"&#N$PMM>H[M;E)4V^97=WH+F+(O:"@O8%U3O[[3[^D\<68L=G'AW08 M\W^G(&BJH<;?P9E<^2"@O_SW?_TIN^E[Q%P^"-RO6.P<. Z1K7ZCBBF*\!ZR M(N<998BNZ!L?_?G=W0U&@_]G_O/[S3O-<^$"^.XOO6"5.&@<\/WC(NX:'G&=8<57N*>@ZD@IRSVID.83;@DDX,^EI^ M.";UO-3*0O4=](0D+!0D?"SX$:6SQ'F&26?BH3/'G8%PW15$?9A;^['8W9/% M??"9()QZCI; G^Z<=+(%!"R(EWH%R52BN<@!BZ*"Q'_(D4 6EPQ!SN0<*!9= MF/^)';;RB4J837,&BUS)C8VLB'--P-("N*UQJ0UL!)^HQ\&.(%&JQ[=BI( [ M/O)6EJ0':CL>8X>R5)46IG O"]; 8AE5P#"->)44G)0S(W*,N*1W%&L3<2YP M(>,=O?I6#KOLX?\6\Z^C6TG<'6_ARGOMKF$-[*M!V^RVVVVCW[6N[JQKLW/3 MMF[[5V_3E?]-5 QS.;ZXPO-J[*YE+X%[T::@/SF1N_2'$#")%<%8[#]@5 G* MHC5P?]S-B-C)RPER>"H">FR(%4D/S<#U8MS4F$8D*]0TZ"FEK$L?P#5B_$2V M)8YHJW/>6:HO26)384;$8U)EFR^O8>$C.*8'$%&_)Q?1!7 M ?.%X;@DI%UMM&IR:(Q/$S_Z.,#:+K2>=DL)QFUR 073:SPC\Q5&G,=K6]BL M":'7M75]=W75ZMU=#WJ&9=NMFT'7,GN#Z\YM[^ V>VS[)-F2:ES17K0O@M#\ M,TU/GPH!ZUK ]X^YFE\\..(0U#(?KXCXBKT$8F_ /(]]B2U9KF,(4F7T#2QC MKX?\6AML^Q*LS4G69G I&.").=L;Y;Y*QG=8,*?G8WQ_F>@97>6VW_-B&1>+ MC2&L8"/'UT05+J>M'=*+W$[NMZ[2F*+?0<'2?"\E^O#O% 1U%X8)&_/O&(#L MXK6N#/NFWVIW3.-J<-OI7[>NK$[;ML"1V5?V57=P<*]5]SP[**\E4CP<%^SD M_I&^0C&IH)C@N;% >YB$LQE&4-<4\M2E8> MT[6'ZT:*KC%^R>[IK8YB"E9!T-8BO M]_UG[%C)7!3Y+?<^$13[NC KJ]#XG M[61:7;U;'QUY4P9:!3^'D^UO/(S&/ F?ZJN,O#7!J=AG8T[6U]O=Q<-I*O91 ML<\*$7YF;AP&VG44Q@B:I0*@U4)2P8]\KFWI':.K@A\5_&QO0#^X]EO$>? 4 MAF[MWN:-2#$7H J$MLC/VJW#LXXT13-4(%2/B_J21A%[5D'04@'QG] P500J M59K[NF76QE#7E'%6<= !;[[/QN=(1'=(.=ZS)Y\_Q]JG MV&>!"HEHI I#I06RCF[W5 RD8J#MW4V8)A,-:]"-G,B;*[B# M5*7/,PAJM72[OG*U"H+.?V(77DD%/BLK0*GO>T&LXA[Y7,?0>UVU*UK%/=M[ MF.12^\*29,*?UD-_JA4\+/%SFC#K(U<^BT%/ZMYI==@(^T';90C(UV' MT0SI?/AO/$ RL$'@#MRI%TCNK4=^*W#J=D9&LJ^-*]NTC)9U-6CW36/0[[4[ M5_W6S>W O!F\ 3RW7+*:%"UA:%6%JTGIKE66)G>RX$K:\*^F=9">&R! &_,* M!KQW3CYH8SEHU ?\K\8J0_=.T"!Y"9\65'S7(;8T%LC@.P[2:91I=. M&B>?O+G==QOB\PW05B].9=:'\QN (_>)>A8Y$"81Y]H7^&T2:[?$N[$JZ,^9 MX\ZL]-DX_53RV=)^[2/8[P99'M^B,5]5RJ:4[;64;>MJF)H.U'1PU'#N#,*U M]VG 4M=+N/OAH&;W1A8_2G5E*F"ZR.L4SB3SD@\"D<\1H)BYA.3 MI$K=ZD_=K..F;@< ]>CV=+-?6R&N*<9PZ-A%V<0YVT2OIUNVK6Q"%6BVE2UR M3?(@9GF%9L@#/O)48:91GNAP>WU?VT7U.VV]KXYXJUJ$,J_#I-]MO6?6AOE[ M]N:ETN_23O/R%N7ZB"&5(SKCC,.R6W5.YTVQ"96%*YO8WR:ZMFZH+%QEX=O+ M]O;?J9<\ZYK+APEEX1'DX $+\ "+VB?1.)=T1OF"I9L=E8TKZU+6=0#K$G+J M6:9U> T[%Q-3&?FOWR/VR'V5:ZA<8Z,X3+NCFUVU"JYL0ME$GG\;MFZW3&43 M*O_>5K8#E[I_IEQWI^M[SB<5@$3;Z"FB.V5=RKH.<<*E#5&PVG2N0[.@W=M%0%2F7;+\#("A-6 M6[V[04)LG!=:+[@*OHX]^ZFY88KHFB\!V%DY&O)KA.BY .73 $VEY^H[V[M) MMB\Y_'L(41X@=-*MGJF;1GW,)GO+]"1T3Y50E)\\%5U5?K)./VD;/;W?J8V? M1?G);2/UO2@4]N- R"D4;OB(1Q%WKW&7)SS[-8&N#N*8)_$]R-MY%O^["WF" M<=.Y:]_<]+N];KM]U^WW.UV[W;.O.P/CZN;*- Y.GC!G>P68_!&Y!C(Y:R1H MJOR1J#4A:UT+>+)699K289$Q$5W %"SN.=]DUOTUUMRLET[>RY!ZR:B7J#PQ M**8VB[PIB^ K2"D EA.+C<;3J4= '" .A\U(GO^!E_E\+ DHX*$?/,EW)=.U MA <,>A!Q7_ 23+R9Y@4)"\8>:'R,GPX=CZ@,GKQDHK$"$RZ^U%;U!!O%M1#\ MJQ>(T\GBBTM[@.P)8(1T&_PYDQ0FE4]IS ?[H68DX>+K15]*(M!F#+R=A]\- M N[0NZG]BX]>GH[BW!!E12R%!OVH:@R9 ?[(IBC._U#_]$4]8A&'?VJC$&3Z M%"_23I3Z7(F&&LOW(.'WVY=ML]/N]"W#Z';[7;L^:H=>+=0.W1=2.[R4V>&X MS!!'?OQU/W\BBW2-R]W."$^ZMY\ >RL+K<0P4$C5-G5-H9DK[7LE[;OA#I\. M(8B0>G=NP.:KL]P7B/(55/$,56T/&._FZ=/I.K=7UZBCV]MN+@K$T*3Z^R'+ M9LW[VVZ';W35EO* M#Q?_G&&8$^-RPS,-X-F?L-'@6T]5:OJ[<[]6TS/??0326*KS!!G8^! M6;IA6GJ_/NJ5LSI/ 6[$) ME1^MVA.]N _Y<#/,^<1SIJ%WS9[>ZZMBM\J8&C1?G9&%0%'VI;>KA'"?H-\FJ(@*K-JT$QU;C;5[O7TUJ$.()^O3:G, M;"? '^W%1W(;"]K0 ,'7O*OKD+@,C=GV9=MZOV?IIM4 [(6FJ)#*E1NZ#55Y M-.71-GNTMFZU^WJ[/H!&Y=&V HQYM88U"EUB4$*-R)!%EA[^\:O;9040\TJ4 MD8C/(AY#BR%(1(B.&8@F()@*%W]!60_/,0?GLRL>3P[D M\WL8(#1/%/HP#N-/>,*1Q_N#^ S,&^O*N+[I=N[,EG%MWPX&MZW;ZUNS9_3- MUF#P)D%\JC+6LX40 BO: /WR=<82.@F?N690$ M/"),G2!,-)8DD3=,!0I*$M+=WZ,T3@203OB4W5Q\#!^;<-_5AL_BJRQ"XT$$ M%\+2 6\.*5BPHJV7VL!QP.7#1?]97WF;-F&/7!MR'J"Q0K\X0>?(;H6B6_"D MB_;HTH>Q!$!H/$/FLP!\0#SA""T#O=-B#JU$2O)1%$[IV6400>+ME]K7M:^/ M$_B_*3D/$'0H1$L01_A0G Y!!!Z+/"Y0;?+FLR1[:_$N\"YID.C0-<=/428: M6,>$[A,_+1T@V7;R3ZOE?+VZT%D MW9=RQP+?PN/[;,PS"ZG8KX;ZF[F:I0VKF#"B34E(J?="E>1?/H]CJ5R^QX:> M[R5@H1^$FUO5RE+;JCUER*K\# X7;B4G"_,C-A)&U7/SOJ<$3@%"19D)QXG] MSCUG9L?R3]&Z^:?"- 'C)3-;W]BE(GWR?%^:.^)KX12,S@J^(]Z.'LJ+XQ0: M%2(85^DR_RF> MT[#2"AF_TV&-SK)*V2U\&W M/3(_E0Y9.A1P;YEKP]6W^JUKZZK=N>[TS)M._^[JUC1[ M5M?NMLXJ(J/G/@6/('" M7:..;F]J*]"JLX L<(]I@HU?G51 3)6=B(;>[79UR,$/+I:F*,!>J\!JPXW" M?5/N1KF;4]CT?'X!C5A?QV47;SJ+P*MAR7R?0/H,SW#K=KNOVRT%;:#R2P5M M4#$+6^]W%)6\2IRW$^Q5ZOG8-+'MIC3/' 8/;D-=^HP.9_=Z>@_Q#SKUG<[> M5WA-T365@I[ I/>V3-2V\4CJJQWS/GL3?>MIV_*M32RA$P-EMYOO1H"T1LW8)4,+DD& MFP\_U!3QO1XFQRGM);#LKMYNV7J_1MC/3?)IBD:H!/NX6Y64NWF#[J:G=SLM MO6/75JY[,^YF*T2?-0>5]SQSG)]9?G FW$U]_G5TER9IQ+]X@3=-I]_P4+A_ MSYXQ,KD+H]\H0B6FR9T/+W?;[>O6E777[K;:-X-.NW]W>]>Z[7>LGMT?M&[O MSN_PLA"E-A6RE%!$,R',6'-3KH$PN3@I'^9 !0*8J(SPP68S'VP#]9ZET'2X MS]&@X3R(";QE)M%$\ P\B^5QZ%@K'3E9/!B]+;)$J5_6GO*PMIAE3O6<=O^R M9[2-3L^R.B"N7KN^<]JM6LYI]UK'/:K\NI]7Q_+44=%ZC^W=22"3?\*\'FNW MX(1WJOK>C#U72TO4U9AIJ.T'3,OMYMJ^E(34<[F,XNRQ5O<#KJ=O6.6=^2 MCIJ-SGLKRW?XB;-1HM@CM_,_>K]EZ79_E_G[11)JBIZ\KIVIC:!U:I7B>JI; M?&D M*!KXNF8]Q:=]:5<67?=GOVU76K?=/K''Q/R+'I MA*14-12K5LB5^$BU0K)KM67+[1O'4>5C"#\+0Y?23^"TRWQ?FTT\/XS#V>19 MB_B8$;\0';W56"YV32PP([L%FH>@LHGXU(LY_%N2CQ#YD<9_>DA(@]03SK]3 M+^*284RRB05(K5$ZYIL19 QYP$<>,1D@BX9'V\##:)[TB,$K_A5&Q&0T6LFL M43 +::'CI%%&CR*_^PPM>N3^I7;+G$EQ<8K-=U@$6D?L(4^!)M0464;8, ZC MH2?Y2007&HOC$+>4<5?P=8RA#W+ODD=4:8\\2#EVP<1N(*3YS+#WII+$A1Z!@ /NW 17B!QES<0Q8GV,%' MV?E+33F%G5O[P*-'S^$::*@+5J8-D>P&AW+>O"HJ49!V50<>#5GB91M*@EQR/0%@<^R%\#MVC^^W:[2G5^(G"?F M2?GZB'/JS<+@[!7L_;&6UY D:GF355.#D.XL]'T85O !F3=#LXYG'(G-^+IA M87X*+:* M!OSIEPBN/W$WFV/&$1;3F1\^2\=3GNQS2E6ZZB-U%P8B96[5;):'6":2 MO%Y9<"6\6CG(RB9):26%CQ;&FE.G<=\#&XM% ?_@K@G:Z,V"V-/\K9FX1SW MD'ZU\/,(L1F4O3Y\!?2(."*A):,T<"@$HZ]&''[B>I6#48271&.U2GAR,GED MD1>F1GFSH1!D^/$FR+U'=PS@<"*9I>\9^"[($3!A[V(R.>J4BD:)?V0 M#(8DEZ00_K*I1MR7\8!^>Z#&X)T:N"V&#?3*/H_\7?Z>W-D5;DXRVRUQK1L: M7/C:W1NTS$]OUZ1KU,P@P?@V^YX;SW(AGJZ_#F,_,LP&O]B&8;]"_[\"][X3MZ?/,_@?CJ\X'+W';[ZEX5W_^6___0+ MOL?[B/_[E_\/4$L#!!0 ( *U\I4C!7$OH_!$ -:^ 1 =VALO7EW;OI3\8M/[V^8=?_J7=_OOM\Z-S1]PP@)@[ M?0H!AYZS0GSN_.9!]NI,*0FA&RRZM.]T/G^KK;74646%!F$ M19AQ@-U4V+=2YZRN%73WX\>/EZHV!66>#E"0[5[^_>GQ1:FX]?D'QU$J1\&" M4.[@DJJF@$T49LC:,P 64MSW[4ZW+06.!LHC<0%7PS(KLA;Q$OJ<)27M#:D+ MP4/+N6S&#B4^9 ?B1]':ER$Y; [%D**U"T.F453!3AE%_M=.\-JRJ-V]VH^+ MS<1MQD6"=P@N/EX"ZDI5"[6YO W?%C[ @!.Z?A#_U^/,IS1'Y7Y#1++X4;+8 M_; 'BXHRAC-IL^NSE,4Z*!\-NB7!V+M]O>&NPT86\UN$>$!N=N-D=S;TOJ/F M_$D09,/OFS7)H'LQ(\M+EX28T[6T3-=U3)H.+_FGO2&R(S,AI2+D453?->(F MBYC^U]Z0V8T?#Z+&K"0X\L?>#, W=U[;VY20U*]='$R.',)+R'CC 9)!BW_O M/3PP0*YROMTFC&RPHI_M#8'=V&#(;!!X QX8J0 M+$H*%PN$IR0J$67297]*_/8SG#HJ,OT4>TUS_'JYH&0!*4TDZ/Z'"_P+$?$F(*4&\A&%\E "Q0U])<3CALF$@K39-RTF.MN'L>1_ MNE >G#852J @C"R6R0>3IC()%.A;*LZ"PJ;B"!0F%LL[#3Q)8"P '"26=3W& M(&=?H>^)A?<+\&$/>W>(N01SA$/H#84@JA76=SL=I^U(7)^PD$+Q3T3F4FUA.HEA)-V&;K^E%C73/4E)IR],XZD;W0\SS5"O '(D*E@>(T,DC[ MJIY_JI\>0BYZ\TFT%83!(Q31U0BL%>1= M"'_%'J2QZ<(S5=O L?X1K6X=)==-1TG$BA/SXJCFG(0;1[#C*'Z,1H$*\.>1(,'P0K>4I M;E'A>S7;&JO0^3'7RLG/O;0#A]/[[R'BZUTU629D5N!U[3FX 2%3)Z)]UEK< M)6PX[0,V?_#):F?+J2=FUMZ[YMIC4GV2OJ,:.*MPT^N-+6C$D\R MQ9>KVV)#,AF$W2M,4%:39RB MX='U:FTS9$ V&Z5KC5&J4,GIV:A' C ;@;44O(820Y?"_TH3>B"+MH ?QGN(@S]D,\$"NKB5A,8V>!\TNQ0Y/=N/YJ^SD-DMF_?=#XMT+7GYY?&](9P.AWQ44/>[> (3:< MCC(R1;MU<;*J7C9F!Z)F']G5^,AL(RI3HYJ1\RG;4+(ON&GJK%R#'NIO\^]. MVVP[N^_*LW1759_D9OTS]&52>00H7X^I,&_ K9O[KD0USLYN1S,[8U*.HN5D MB9U5L>=)JUVH&N=,X1UE!Q&CQF 7JB;HGX>F]5UZ&^5>6E$-6H M\DR\FH=+FCUK?]-?M8/8+02, 6VWHPEH#3H\P>CV6;+N,]W1PEK*J<8VQZL_ M:3VBHN:$VG.%9Z7(7L@=$(WAQN06/D,7HB7T%,XW@EUYY,A7*S^( >;:8Z/[ M:?BPK)ACWI^TQM@T7,HG6!-X3IP)=!(N8_0-&[9^@*7\))PQ^#X4 ]TN9]ZRAF!**>1FC2S)L2#@1C1/N\?U6+4VH MF4/7KL9:EO1T7J08-%G;M%4@FL/2KL:>E?5SDB8L7K6]H!E&4R1<,N^YZLT/ M8=M'Q$CW=Q!TSG-[! M*:14GB)GG'V#?#CM!83RS8;)D,\AC6Z1']A*[,/#UH'T;B\K$K,F@1/F',7= M?SB"/UFD^OV9W-3H?.#!P^U@HBKCOC3Q'JU1\2/R:^S1HL*2(SM MK(38SA5>8 A13.$58F:1 _B'^P*&NH_,;\'>.0#%S9,BAV7OZT6Z/U> M%BCU80(ZSJ#E3(X\CJ/N@F>83TQ4RG]4H,P3PHZ2X81S:/7&2X,U9P-RYLR: M_-O'.OV_7J+^"0#" U$AQ6LY$> "4D2\L0+T0AH?7KIL(%9_)"S# M5 P'$G%9$*BR^FBB;%B?D"44]FD"?;(2X_T5L XGB.MDBIZ/YG5%4JS*N[YR *JN*$FE ?D#!7-%(+^'9-X_ MP^B2 1N33:)A!)"($/I@@3CP-S /1&V[2:T17]BUV0!S*(PN'^!TGT3N?F-( MV1PMTK[Y@QLYQK#9S:KY\*V/^/I)S>J%#%X*=LT 8*&1#IA+^&V(?/E]AX(D M^CH+S+-8"%-9 M:]^ NH5@">ESB/#_2.9F<# HR&( ^ N(LT48ZT5).EU$)WK-Z $L%(<2\OH< MXI?* +?H(AU7!+ 1R( XL\;*2E(],23 MH0L:$3E*6'K@[ED"I(3@1#Y)1[!:YLZ)[XGPL'D_;:%F?X<)MB=IX@\SY,4/ MVJCCJ/&>A%B:R%=YX:0TD!IC_V5"[]M0K*)I9!@*QE%78Y]U[W_I)0G47@R3 M2*"OVETU@H1<=AU< N*'8GB!!T2AUDV9 ([OK=2+ETQ^V$Z[9JBNMFVY(&;V M4KXF(._90HSDHA2056L MQ'5.J*+.PGFVEKLLS+1P,H/8)]+=P^#>$Q!%=Z0IMY+Y)[(6@Z?$>Z'80M8! M1="X!#="'-]XRQ@X N!U2N&3^!-7A!1BP@V8"R,GK")A=L5 M>X_ +B)U"+FS;/*0RIPUP5RN#/X7 IJ5<2OD[O+,) 5%[< RC6CRR(N(>Y K MXSE!3B]5)>SN+R#2S'H7CB%D!>":W MN*"O"6O="C]Z1[-D2FR_Y(HNGQ@/Q_?4S 5Y^7I2+[9L4#X3*G?TO MP/,MP$>%6RF$#L%.DI MI"+L*LM1*+>0>=WUP8(<1A ;19JIO>-H5I>'5V6UA:(@[LZG"/HQM]J#Q=N MCA_!/!(\&T,:%&)\%*'F=UMJPNZYB[2W2,GFUG#Z%;KN+X(RQ^FR\^B"5&_W!Z)X^-R%.P*E\Q!F^2 MQ>CLYYB\<.*^%HZ-[DG#MG-?3P0#ZLYEC*:_LV,"L,\49KB5B;;AM*].T%:* MI 6R4BSWE?4)Q<5D@;;&/@&^P94RTGGF2Z46,IZ>PC >C=P.=GSKI[] :=X/ M;XACY5[X-T+Y7 PS7E19L=@"%862E>%T.)TB%R;V-O4]U=6[QP9(Z'0&C:%. MG>1&PEKTEBWK)1\[6V>N5]P!#HNBU("W1#8RI>HID47ZW34@616N(R^3$>[H MLHBADWD^X $L" 7/:-+,,!8*)2+-)$-M%&P[ MG 6V.H[34M>I$KVI"%6UUNXR9HP4]H11#H-0?;'E#BXH=%%TTU5=)=+>1MH= MW8H;YQ7?NXDVAYE\C&=,LC ;L1OCV7M-VBQ,\NF.!TJ"YEUAP+9M2E3:+Q&" MP!7T- D<;8U]!O@9>3/E,@K!8*"496O* J@KSR^ERB^1IK[;L\H MNAGS0&AF^T9O7@] QPH[^P)=P;TG/PL]DQZ>3$,AH#HJ&94B>95+S%U7^,M4 M^(9(MCTH5SFH57 #68_?@YD/HT-B^9%MA+!OEJ;LCO_Y!-[>*F0I5%HK!N!/ M:\I]=091*XH6P$)Q2,CG?4")CS!X(,1[%!283,L7I-H.9ZEPZO!(6995B2UE?02WKN6(+6><73X"+'EX5\K>Z"@O9#S&;(PQ5$K8@ M@+;*/A'&(%B !S%*T!+X>1'T5<-S&,_W@['\VA7RD AP9#JBYXN0+CHG MI-_TW G3BC SVDU3ZTSIPN9HD69F]%5_E5T=#?>%46@ L& L0AJHF_+#H$OID ;U'@&4ZQX5^JJ;*VF-M_59V_V]?'Y_[MI&)9='U/@*E8T?U0"T4 M48Q7GZRV[E[7@/OSA(N^Q\'<.0S YQ_^#U!+ P04 " "M?*5(3D_>74\? M 62P$ %0 '=H;'(M,C Q-C S,S%?8V%L+GAM;.U]67-;.9+N>_\*7\\S MRMB7CJJ>D+>^BG"5'+9K>N;I!):$Q"F*='&1[?OK;X*D=HFDSL9C5TLY_H\V/7L]CO9J!7T!Z]F6T.'OVKP3S/Y[EV?3\ MV;^FLS]&%YZ0=:%GJ_^,1Y,_@I_#LZ_ST=_G\0S._;MI](O59\\6B\]_?_'B MRY'%5ZM$WRD_D\C52'A'&B6 _?9VGY\^P<9/Y'O(W M;_[]:WEPZ_TO8O4V<\Z]6/WVZM7YZ*$742Q[\=^_OONX:B(93>8+/XGP_!]_ M>_;LY]ET#!\@/RO__O[A^';YL_'LI^7\1?G=BZ/Y'!;S_POC]'8Z^^C'<#1) MKT?S.)TL1I,EI)//,%MA-\?JE%K]_6P&^9?G10B"P#05:PC^X^F2%M\^PR_/ MYZ/SSV/$Y457%7\-"S\:MUC_.P)[:L8G'\;08BMNRVO4B%?3\_/1H@S5.7[N MU>I;ISBX1[OKNT?1KJIVE-*H(.''QY,\G9VO8%GW;8-:[R&UJP:]72Z6,_AU M-!F=+\_? 6J;]_[;ZLW72_A]DF"VZ?W)Z>JW^XZ,#C_9%13[#9:]!32L)N(P MF4/YP'PZ'J4RE[WTXZ*M/YX!#M?=]=Q70L<5?>]G"-89+$;1[S%(:HEKOPD? M%_AWZ>63_.;/Y6CQK5;-'Y72887G)_F5GY^]'4^_U"/)5DG=5GQ_RZ&&J$95 MO[0K</=S)Q]IO_LV'#1KVN)C6JKP??Q\OT:@B)[-3/QG]OY4JQ0GGI9^/ M<#9\/X,Y=MGET^M)!&S?H XV*JH!F+L\T,*>#C7@;/ MKG*=5*K!#-] 9"=-N5( -U\XPM]=X+3?K$E/$-U)T_;3-_N5;EA!'$#C^4-K M^-VUVUFTJZK=\D=LWOLT?8ER(XPN(*W*_#:=Q+((':_4-4P\KND>\E(T:&@*M'TYMZ> 1M7\N QS^'.)WWIS4>R27;5Z[/U6*]% ==80U6K5]^O;[:4: M5FBC4#^.3B>C/$+&+XYBG"Y7SK;W."_OXR9^FI0>*MR($BU]H(=FOCKUEZN& M/2VRIG)[:-3FBR?Y-628S8K?:;Z8_P:+DWQT/L7%YY4]>;(X@]EZ2Z7-OFVA M CW U.[8/, 8O63825Y/QS>QQ<5CF;I.9J/3T63U9-4';_$'7!I/3E<_80<< M3]Z/?82GF 6#J%P/\.X[M3Q=UD.5CWX OHS6=700;9S\,J)& Y)Z?>?WZ!':!>P'@QOWQ2 MND01RC;A"O^Q>5RM*XEZ:#3_/)W[\3]GT^7GXTD<+TM8QH/5?;67_RW,L]05&IV>+U7_7 OPLWAL-M^-?-F^\F!=U4"22 MT0+.+\N7:)[#D&@ZI!Y D 9$Y(V6GO\V74"9;59.SO4"MFAK-%?:H?+N[U21 MI>"%4$1$2HF)R2&4+A#+:*+9BZP=K45F_F\R=]<' Z/SJA.*SZ5-/7Q7:I63 M X*5./(AR\(#:SK V5CFE;BX[RWW1L >P>F/ANY,-H/"I;ZD_"<2]-V5QX M94!F%AT0[KPC*D8*EPF5AM'-9=2U#:*V?B@&WZOLG2<% W0W[ ([N#\5QQ:143(9.8$"4(#+&Q ME!.>M17&VYCHD"WT U.S1]B'9?M $)"\HY++P=LO'\_"K:CWNB'W/>;@XV=GL.[Z7S^%COEP5=> M+V?%WWU6_/K+Q7N8C:;I)>3I#-:%/_FOVXG>U5>K$' QKP(G.@I-$%M+DE"* M))S8#'4Y N#-\ N Q*N,6G)!KLON$J0.>I;3PRUCGC-<%$1<>FIA3,VR PL MJ0&;88/A4@/[K)5>&=94^ $N !^T0]N-L(IKFSP5D@B3$O$*35;+F"?>B20# MYT&H>LO_WJC:&R7JL[$^V,-BX!6$;[Y^+N=Q6M:@&ZE5LM(G:Q-A-CB2E4DD M\YP(:*Z#I%(J5H^3-Y8*Y"]/RA9@'Q8[CR<+F,%\T2HY[PBM%$W@C9)ESPZA M :])I"D3_,ER2)EE5\][WQ\WO_>YO7F77//VYQ=W0C=Z".=X*)2EC8"2O4_* M=_RQO0,3.ZY'.T?/^XFSV18=?J/66W3:GA(JS7%0R$AQP1X2<=%*$K(4Q"KC M(^7!V;S+17Q0"'8'R3Q-4&4]U8X'26)0E#" 0%CYD2GJJ'-6LF &; %WTN_3 MGA'MP9#8LPW'DT]?IO\#?K;-/?!D696,ECF*0&1$!HW^S(E0(:*IQ3-CB7$I MZ_D-^_%^#XADC4 =%,_PJ] >TZZD5<$#".X]"0$X 9\$8=E8XBW-2G+OC-\5 M(WE('_6PN-8$UB&Q[>UT.6N-;%?"*H56/H^,$6E$()(92I(VG#BA?(HY!:GK M+8?ZB1X9%->:H#HHJHTNVM-K5\*J*&W6P@,!21U1+@)1QJ&1$8T'S82+O%Z\ MLOH+4JT!JL.AVJ.@>%IJMG[\#3=VT1&(CXMI_.-L.D:6SF\GCMH> M ?1@T4IZP62FB42=/5$1S7(:@!&?DI%&:N7S+IN@FT;?K^N5H_%].5N'@W6Q MF(W"S&\D8?@ KHEF(1VN4)@%0;3@J,Q1[Q*M5;;& MB$AU/2=#/[PY1-?N9%<-4'M@"DZUT]D*H)TZZ>ZK50#%0SD-D9)7A#.@A"L: M23 L6LA>V>8[6#\V2UJ M-_@W_UF\TJ"H5+S2$!E38 G1VC,BIC,A. IA4CK MA2WU'J+;_KS3#*<^)@^(:(.GUQ"V6BC7;U6,^^ALV:1-SA)!!0Z!9 1Q-C@3 M@6H;ZRF"WLV,I_7(79W?")(!1_%_1^=S!J(V&O'H($CVX8S)^5<_^P,6J[7^ M[Y/L+Z:SF\E/'W*Z/%:FDM0ZQ40F)EB.N(9 RI$XPK/1VDME/ QY.P("+C>BPG)F7@AFH&WX?N:-\^;1>W M'NBQ\SS[YL@TY!R93!EK:SBNUJ(ED, 1+8%2PX)CX3#Q2A_ C]_,RR4$]Y*3 M?]N>^F1'R0JBY$)K(#982J0$U!S>)**X$;AL!&L$WU[EJYB$3! #42)@JRD:BMPFK(]W M1K(H \V-@^.'38ZN<.I#Z6UF\UN)<_9(F+:E6"43+R?,,T'B!T)-\(0J:DE6 MF2DAT%R40YX56R!$R_#TP(-_3J?IRV@\WM+GEZ]4@5&;-)6$E8!Z5'6*",L, M&G1LA(]H% [:&6^C?!E#T9LC\4"D2#QDGTX8^Z!.\K0R[G^VT/"FK__/5 MZG]<5O]OMSA4MKU>4<%>"\H%U^K-&_E&Z2,KV4N+#]_RMXS7\]7W$Z32H)=; MA*2/\VLW$SC?SM>\9?AO*55ID7BVV1#MF"2X7L3%OD43Q^8L@HDY<%9O=6"& MWO/=H-,#"3[@$F8VB@M(#]NN6]>*VXM6,8)*("/1:,J@GN*)4%P:$:TBI2DR M'G0]\\]^+W3H *)N8L\:W';9623:CDLKN__NX_=.]A,)]S!GU@=XOI'), X. %CS+OOC(*?'%44D#59"T$,;4VSKL MQ]/57:=/>X2TAPD0*YY'BQU)=ZY?JE2VS@J()&6/JSV:**[712*1:J,%I9[I M/&!>=-5=TQ8!Z\7V_3R#./([4@K>?*T"ZY+E61'F%?X5F2?!*H=#)6N=09A( MA^S>[*GG&T+6AU]R[;=_.YW=O+IDF]/CL3)5LDPRHSUA0 -) /B_[ 0) M4:C(([.!#SEJH"=6M(E?'Q2Y=:'-O;MK5GZ:Y?;5T;XB*AL#Y)!$R0R"L-J8 MB$Q4$ =))E//7=*/$[4O G4'9^]\.@K3BQ(N\1)P97$CUF9_.CTJH0I6 MQ,RY)D(K@:M594AP"2%/D"W8X'BJ=T"C'Q?K0=C4)II]A-.>X6+\I5^M6L]+ MGJ%=D]?#!:HDHW,!9^,HI<>_?"2"N@)@2CD%AT^'[*?MB2JM@=?/6N9B-,?J MX23[>KH,B[P<7^Y ;E_=/%JLHH)F%24BE@T0[BDE'"=L_+JB#BP-!NJM@_OQ MZ?:WWFD3PAZX)#1&'B\&%@)/ MF-7X)]>SC6T_&>EZ(D]'6!Z$1+]/PF@\AE2710^4KZRP"JQU1 DTZ912EF0M M)=$"EY4EV"K8>F$&[@>G43M@'H1'JXVS:X1V[4KN)Z#2AFOO'%IQUDCB==8D M&9RU@7H9$DCG:AXC8_0'IU)+T.WIS#;/?#:?HWO(SMXM>7B(C9X!5H36S+>.FT%<<); M IS)(&1B2M4\3/E#.:[[!OD@JO!V0 (N5IZV?UI/8)6<2-@7G*22-CP'38FF M9;M1<,%+ZCHF:C)0_.#3;D?P]L"]1R!;'YIHN%__@)!*E9Q-B>L"N20);"8: M%T8D&R:,$$S:,.3=N4/OU[<#:1\^KDT.KT_3HXA S: <+X-9'/GQ]=&<;B M/X5,CPJIA-7<\8P@*!4)%>4R=:4\X26 4#@5<#G>5#_]B(QJ$]$#+0$>P*B5 M)<#>G[ M;U<*!R/:#ERG+DY M%[@^D<"2U-ZZ(=_ZW1>-N@:U9X9]@,]7 ^,#C,MYG_<>EQ<[DA/N*Z**F?M@ M(];!@R,QBT@ CE6>TWJ_=*?/E*B MTL%SJ97&965V)( 1A#,T&[WG3 D#)M'&=XO\ .9.>_ =R$GT ""M.(GVEELQ MH2.E-A#P3A(3=296!.R(D%A@V@NGW/<7#]PVT?K&N-US%7LMS&X7J8*. M"E))4.*C0RL0H:64.P)"!RJ3D"+7._-O?BAUU2)^O24$N'DN_KXZZO-@_!L_ MFR!BQ;]R&9X_BJM30./EHF0$>)2W.TI65B4[#72327V)+KCL FW6G-JH7;/;SU9%:!>B:*!\L*'PBW@(- MR$2,3-2:9&G=1"_]A+:URH+[[M[>0.WCH'3-2]E1CY[D3_[KTUG9T1RKP??T^7G!T.Y/WL;%PW[>C"C\;KVUA* MZ,)T? MUB/?6:J3W0;)2\C3&:S?0VT.\[NW2*%>ORUEG8_K5UBW-RS38.R*'^ZI% ME2EXG&MPLG'9D"QY)-I:3F2,7F4/&7\]8&K6)=23#=%#(MX#\:]"I?>:VQYX MNRJM4HH!85H*HH S;)$&@C^QG*SQ7C>. NV02(-EP&-7]C:"OA>O_@6@ ;P] M*>;ZE2IXY;BFGD!)")U,MD0)HTA.@(:PS\;%(2NAQGURSS]?&Y<^5<4Z[\>Z MS5?^KM7#30/VT2 [A53):!!\MIB8HV:<#DJ->9VR_J M;A>N?@SF56#RKW[B3U=U?@M[L&1;LJ!"5B_]C>4D",E^=EMY"@D=*5"PK*K+ U8>KUB5'I3SNM9 MZCG)$%WQ $M"0PY@9 (;Z^V[]A, TLYDT XP?9H*;[Z6;%#;[Q6\^VZ%4D<_7]QS:\ MM[Q= 4,.,A%0OJ&$1A:1Z]AZ8Z(W4;%L_) OM6^(_;0+@'H8P*O<)=?&Q:Y( MAX=>KW(0D@>JL"6!$6:PB=(8AO8IS<;*X(P8\G7D[?1\RPCUL9EY(S=Q22NR M7^[?+:4J\#$QX(HDY>CR6B^*'!

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

U$S"44FFA(8NT\< (%P5B M-,#$Q:4([G/MGA"*.OKIL(:"=,;2N/:BN*VB*NZKI)8^W2G Q !AV E4RVVT M'::C^=TR?K0=/=,28XAF,QLPK:,CZ" *+2(I] M'O>6SM*B8?X\Z^NN\[$7*P3/,/*1< M3:#<@5O@P^"_RVEUT<*,![.9^G.TRZWZ

N@S M8UM[2)]C!5NV .=)>&++F\%H5Y34MBJ!0L,89U0[ 3RA@@O*J(O#Q%#1[#CH M'G+E6.'NY4H6H#O9\CSY1?HEJ)NX)9KK11QN)/Z'XN9;,7U!]%O+!LH4D!IH M1*&,?<,*:5^-62EX/G=XCQ=2V2R6.>+6Q>![,?V\&$W^#ZZ*W1+?4CPX MY2'SQ#HC!7?,*N"KQ5-J"#-/)'IXL:Q9H3<#9R-R?_?N0,E7%8(R"$O,-#12 M^^5.*5VR2/?3F1= \K.YDM6R[#,!S9'^?_WM_6=S/9B.B]D\)7"Z'%WLF?C; M:P3JH:0(1LN9*4,@X1[R577G9J5OZ-(=J!3;CQA?Y6E%?3P>UU M>@)CS_9A:YW([\CM.":+G408$B,\V5C0T88^F\6BX1U$4XAV09CBZFE']^XB MMM8)3E*+$)$26&Y4Q,[X")CG'&!)E#T?CT4#$G[*F89 S5EE?B^G\^MB,)OO M7EJ>%(M&+Y/*:LN=X,@:#[!1E?%#.#J?36,#LBD;PS%'P!]&0S5/*3M&%[M% M_*Q@L,Y:I6FZ-J8M]FE_K*O.<8$R=XD]7 ,:%O*Q2.:(^4NYJ#./GQ0+@',A M+%$<$"6\4-([NN$?T9G+? _W!0V+^#@!L'+NXM?74;GT_FA3OHF6RR][?7BEH&+=%@#*LH46, M02$D6@]0>:DR(ZQ[J D:-O@;@S1'*;PO)U=?B^E-"IF9#%=9F]V?MZ-UQJYE MZ-\V35&G;A ,84T1<7%3ZQ!"DN/*I%5QXYM[7>05L")#C&6[Z.80Y,GGMX2[ M;RL:A(_;&$ L-H1IS[01$%8=9%9E;NIZ: $V+?[CP>Q@"7GRYDIZCF7=U]WY M[G;6"]YJ+W74FLHK1)+7S5=X:0[)&2\D^9QI ]D<=1'UTD4"_ZI87V4OAOKN M_@'%CY?O4IC&9#$8C_Z97MZ=%9]?OOY]1&MQLZ0HX (KHS306 E>72W"BHK< MFS,]-%F;5CJ=X-UYL%LS#X*?*C-D" MZ!4?XU>+YABY:2W =#W'>IO)^F>-_S"*_'Y.\9)W,ET"M*CKXWIR9[HQ#L^Z^^8HF2F!_E#RZW4Q+0:7\QON'<@[)U[YDZ7EN-$-TZ]AD0B[1WATGICB:@.<"R6 M>_-%UPWT>/*,[YH7R54[&*_9X3AAMJ88XTR>S]-CX9%:.1\/TMNK#3!PGT0V;^-R([>IY MZXAH.5M>F*^A$NI4#P80K2V1&G >=TOI(C*/BEGX:" XO3?)=LL#WW?G_''! MX#"C@'"@I$!*O!2(/Y&<7R-BK:;8'_.:!V>3UD>2GFX^67>50C=:^' M/*T3H,?:6"JXU5)S*XA#F^$Q0<^0,P>*=1L[CD2R Z(\[.'>^R#/"P>%8'IO MS'G)%:."*D_(>D#.8'*&%T'R9?HT2\VQ:'9R:VB:,M!\JH2Q[.S6F.0:M0(T M0FG,+?,6:D4L0D!70Z1J[]NXKX'9IK;RO$=7^O' 0V$GE(%4ILX>CT!%9 M@>2=%N=#D*;MDUP(.^#$*E]LC2WC MR=5_#L8[3U-JU0_<64 LY!$[R:&&TFA=#1M1G'F6+%(HK"%M]V MAG+=EPH41P@8,1!"*CE&@K!J4P\]I6?JR3U*F,_.#W/1[%9Q9#YI7T_/9#8> MTLL"DL;555%MM<;6R\HC"0FUF4ZZ'IY'-LFXSG'OXL[&Y>6'I16_#.K]^^1R MQ]YI;YU *&-Q#L:YB CS1 B'_<;KH',WU4?Y?E^95FL*VRZHLS3;UZ['3X.[ MU,OTUN'%Q32R_P$HNZA4MXT@E2(.&QNM0\FCF4BH)M7PN71 [,?AM,OPDX^+^6P^F*0A[B#J[HHA M;JLUXQ";N,LF%@@*]&8%T,Z>XH)-)\0[#5O*%F73T>I<3NX[NV=)?E@T0&DD MB*.Q1.EHN43$7'58B# [R:MP;X=H1TJCB^.8S5/3GP:CX;N)&=R.HHF]ZWSF MY1J!:RB(QE))JQGC!%%:G32AE-?V7 V^7A"M&:%T$BDY'T2C8^@&TTD$8!9W MRXN;Q3C=++?%Y>ABM#N<>U_E(*/.EM!CP1A")/[!&E4-. XY\]BP_P9=+UC8 MN'Q.LG,Y:/<1D 14$ F,=Q"E/.]25P/B1IPDC]C;(=S1\NB 8!]&DZ4TJD'O MH-?3HD$I[ R7U&H)N.1(1WNT&@PS+G-[>E10W=LAUY'2>#5>E]:]+0$*X:@G M4AH5S1&2DFY4[BH.@<\,1C\JO=C;H?%)9-AQ+-%D>- ROJ]J0)3P%/S TEL) M3%F'-Q&VW""<&674]]..EJ*,&D#X5/FM/BUQNR[FZ;FYQUTZGV17*AU">>BB M18XQ4)XJ#3AVEACAF*-R#]E;'OB!R:XX=11!+;1FUB-@G.6V&@Q@9M]@7D^R MD69%NSO9U6&@OKID5PS$Y3..3$((-*5Q.3.B&IZ%N6]H]IDS!XJU=K*KPY!\ M!&J.LU( ([90GOAJ0D>9\7IMI0*;[DUT=AN:K3';%$:,<(TDE .F/ M $%:#5%+?=;)KFJ+]X!D5X?A^3J375G.*5<.(..=-9@P+C<3S.GSB1UNG#)- MX/D*DET1+!5E4*CTYKA2 #JJ@%AKS)C!7I(D*;MDUP(.X\K^;V,.\U]1_O; MJ@1E'+,XO:1!.+96 OX9G!49QY!]#^6)%_*.^-!LI'MG#9?KB-2,[687T>P M_UF\]!1XO8J!6LZ,]@X0+](;59AB50W4,W6V42(M4>A(?$]$I'>SV>)@$JTJ M!>NA1TH+B(U&/ET8VPS0&Y*[1AT<_='Y%>Z6*92%[HGHDQ,7^:QFP 9X$O>8 M5$6UJZV36)!JJ)SI,TU(54/6Q&;F(3GX..Z660>82CMJ!1JWE)1IBJF4 M4$? @+";R4-%YJVY_@=DM,&C(\$]!7_V6DA;:@0?A^* 5 @92R47C@)TOX#G MAOL?E0GIE?,F"]A3<*:>6;2K6D HS@F=[#X"M4UIX7'E!/7,LTP/X<'YD5&J=,$WAV::VLK+.X/;HM)\M, M(S4MEI?J!8#3>3W3"EHEB.""4%T-4W-VIB^?-&W"- !M!PQZTLN]ELR+Y0.) M,\H:3:!*K]W!% 6TF6QQ>W_N3W<=)^JR>80[/SGB06> MQ<&8S: E/W4N59V2 ! Q&!KU<(5B-%>#Q&Q9'36JC\:_%9@FW*C,@L^\Q+,U2IQ%HN[!GEMCL MMV,>% L> & <\ 8 ABCB$"VV6,ZE!EMV?><(0W;+_F =L"*ER_1[V7)KFJ! M4:F4X@PQ20VGS#"[&:2!N59OWV-/FF5-@P"_@HLC5*:\PA0AB*C1@'MM>34@ M2V'F9>B^FS!-.V1R\>R (.\F%].4U]X6JW^_FSP_>OT[+Z8_!=%?@TH$M M!2XAUX9*;FAAYGXP4V..&# MTBF=D91P>@^;SW0/'TR9VR*JH!1;,YVW2IS6I/U43QT)]+_R5-WG.$)<^+A* M8(DD9" 9 &X-'#>1 AWYBYXSM(-5LS.ZGD)4G?NUTR,@11K,Q\O/Q;"XN4U_ M7CYFM-CY%-4!K2Q3*$&H);*2, \4E+CRPW%'4&9NBAX^#-\5-=L#ORL=NPJ* MMHMIFDTK+;)<'9;_U(-E?.G-;3&9+:7^V[2<[=Y1Y#49'+><$D(@E PK))CT M?@,.,J>XP_6ZF=F1)+HR(9]U5DVG@\G5TLS6=_=%/@WNTD\J8?9G4]\)WGIE.#>,$PX4MXYM@D*X5+E9I8]RV+UR0I]0/*=6QNHBPKA*U):M M?1^V$8S0PK%D[#/"I8BPPTH(7%F6J6[[[ACLA>X]0@ZGH^'RUN9Q+'S61&!& MP@AKBG&SVEJ'M=[,01]7G3P2]OV&VXE)>*P8=G(P75!*S&( KWF5?@EJ^-^+ MV>I=LJ_EE@/>^S)QX"_OX-Y-UN^YQK'$C>XDPG4]NGV!B>U_-#CM ?# HKAN MQ'VE8 9LC'GA;.:^O_[].KGB[J2X2M>^SH>]O1-=!SK7CKZ/AL5DN$NI;LI$ M1*5S+-HK$C+-.+# DJK[4.S-O;N%>?+-,^]8I#L@RM/G!2HH? 3+CF8K'UC2 MZ=M\8'];@;6#9TU](M"XEE#.$156(X$(@'XSRQ 2N1ERP7$\?=W4/)%P.G&% MEI>C^?O=SJ7[0@%1@#0CQB$CB+$V[N+,QF;A+#,Y-Y]D_ M-OTX+.G'LVH!>P@T0!("JCE7P@F;GGY1CA(83?1]V=A:"M@LYJFG<=E,&X:A MOOO[+#F8-WM.=3&/6XGE>S;[AW]X8T%"(P3B6")(&,=,6JDWH/#<).!]O]+4 M#$^>QGBVC7X/36@2NZ^HT4*E9%@<(V]<-0#,V"FR0G1 GS8EO=V>/@SK3NX_ M/?"P?2[B2GY<>&2'1$O "8Z,VH')C M,D]8^WY5KT,"]T!J77A?BRCOB]&2![L=I^7#4S=MOCPZU:]QWZ)NT@;CG_L8MK5.4(919:V%%!)AF9."V_7P M$,8B\W)@WS5=K^C6E'"ZX-Z#WFU>^IMMP-7@+429:W#?KPOUBYGMR*ISHJIOY?F4NYA]&E/69F4](Y6<3IP:&CP2.' M ::6&XT:$48W#IOOHUGL6K0H;+GX-K]Y$+S!I JU MVN_@J=](T%)I+%0T0Y3FC HMEN_#+P'PUF3Z'?MN,G;HMFE-%B%[LI=[1^)^$ M='^??!N-Q\4PEW4OU \.*>Z!EO$?4@M&O-F<3:5)GAF$4M^)\Z9H=[P 3L*[ MST4*XKN(\EF>;9;3%]:'@XA8I\$0\9#*VFB, "^11,+9S83T('>;4G]%?LS, MKR>XL=8!(UN0Q&F,P_EU\:#OLUFQ<[=2KX' L&:6 8T))\99QPCE'!N0P$FH5^VA/@WNDD97DV&Z<+^(\AH-HKH_7#O6:3 C+E3"&L MO1!71 U)K[NJ4C?A)_B^-9__7N>Y1'M1LX M-48QF5RI7G"K+;=NX^VWN8G<>NCR[G!GW:5$NL@X61NY1@(7 S?.,VPT%,!1 M2:#V;&/="))[C'VX)BVC]CI+ST]KLC@=&=]-OD?#N:%HVAV-!<*;S'B6[+EY 9R" M=Q&KJ+[G=Y_&@\D\6L3I[LIM*G((^;8V$A30A'#N .4R6B$<6 '7 &#(4HF-B6-'K@HCW!&!@ZA1 XYS0#"*1NN1^GI(@BBD8QX;@J-_KH=.Z1< MP]B?:!/] C*-;*)KMQNTU4!*#IP71"*EXV1$U7SDT&7>RWP]F^@VN-FE1'JU M;VEDOQ*(UPX32!UD3@,F@4/W2P27^$UMHMO@9VNR.!T9-T'!36RB=S06N/5( M 15-%XFHM''?J,T&$)>;K[WOL3U=;J*;0[_#SG50*6R&@DI3>2 M)+6,6I6U6_&<*\%15 MK#F60F<>-+_:_6Z[=,J%O9O@ZXNB&,Y2ZJR4)#.B4*RRMASQ<6+WW>'8 M!S04K!5 M?"DN%K&;>_39EAHA.2K3PQ0 *&.90@;"#5B,Y,8)UK_?] ;,MV:@/Y'+^ 5 M&G$9UVXW8$*=L\Y QJ13&..4:'4-$P$^N$>]<0$!R M Z040 H9%P4%[S=?&N>>\=;/5=\KEW$;_&Q-%AUI4359G@JF<^CO@W%2_:NW M(IX>(^Y1FG6;"1QYK;@7R AD/552X6:0)3K\SMX*W*2-SH[)-UQ ML)\-VP"GS@L#O"#($NLX$[X:-D(\\W[[P2D83I#*^81<.PST+E+(+&YOQTLP M!N,*#+?ZH58VY!K5@Y4$$.B9-#;%03B2WAA?#]I0GWDDUO?WLUIA60MX=Z30 M4D]3KO+XQ_L0A(XNN9K4;+:X*89P!ST/:"6D M.X(>":;K_;4T:'1!R>1OZR^AJ,KH<70PF M5?^_3@>3600E]G]I8L35IIS,XO9^Y5;Z;?2]F.QBZ#'-!N6E@)Y8D7(U>AIE MX:H[K@1 G)G:_ZC+2&=&V0[%TP&'TPR+'?T>Y95R+4Y'5Q&\\7+>W:0;U;N( MNK=NT((CSJ)-11S%EB&-)-ILY.)\/IN8A9.QL6D9='):_#"H(MW3+U9Y/E/< MQ& B"P 4IO(. @5RD>[#7LXLFWDQ&Q/7F< M:,_];G)93F]60L_;=K_00F! ,0@DU!0[0[7F6%?;S&C%&'."];F+G7>;.YUV MH._DBMSJ:;#T.O$.:CTL%H#DG&%O11R-27?Z/1;5()A%K=_[[0]_CA+QLUMO MV1#?\Z33A]J>QR-T^5+;*C?NIC_UTKR^5",X@87R5,1-'> &,.FHY-$H)D9( MH<2^I;FMJ*-HK"]J775Y6C1@9JD"EE(6[?P4\R*$J@;DI+]UDH MT5&P=K'YKU*CK%+1/P%@^>-Z$+NV^K4;B3M'IA'D2"?7M"?10&.P D *< I? M5 >\RN?!TUU[6TAW$UZ[O/7_83 97"W[ZXL:Y-I5+4#)+7" >,I57.R@U!QL M)B;"F5?H>^@G:HQ!#<+9 6=BW](;+BEUR6B67 .SI=]J!UVVU C<<)F>()06 MQD$AQ W#U= T5YGAV#WTX33&E&:0[,R!/1@7L_78?R]VV3HO%0\@:D=)+<=" M:Z89H@IMF(\TS[1W^GXMI+EUZ7A,.PG#7PVWAB&\3)9M.(>6.JFQU8"XS?*) M*,XD1-_3##1&B$P=]&1U>*AX$P,0QIR0QV$BHK;%ZHQ:9 M.I^-2W,<:1#/3DZD[Y_G37F\ZSV!NZ-6 !80Y;W"B@K/D4<(THW=36RFZZ3O MN66:YT]S&'?C-&G\C3RN!7(NQ: SSQA'1/B-32>,SM0]1YXCOTHJ-0AS!USZ MK9A$ ,:)\\.;T624!C\??2_6<.R@TYZ:*5^WAU!J1N R*(A(N1DJD2#S/E/? M[[HWSZ=F<3[%9NJ0351V2*/?OD=:ARGWI8)T"&D)++<5*62T(V P).]I9:KUNR=+:3CL;V0XC2O8O M3$]*!N -I11R))0RE$6R^VH&*:1\ZX^^G/ 9K49I\#2G1Q64Z+5;FO@S^+V8?19"F&:FQQE7W<2KI>-[_[4,ROT]7A%'&XC%+9 M&P[222\"I!1CSAW3Q"'@L*?,5"*(YD!F*N:C'-*OAL:7Z?1@#=^#XN1_,] MIN)]H0"5) Y$.X9*H)C!D(G-Y,.29VXG#K\._+HMQ&Q >['JJ_E\.OJVF*>T MEU_+='T@%HIHCM/N*!:?WQVUG.]O/BBL'8J:GP!' 01> $4JT+1BF9?2#T\V M]+I/!$\@BFX27]7:_SXJ%YQ2CNBX,Z.<.(?3;JTZVTBQ?9F;&OG&]-HQF'9^ MG6R3./H)"N]N;G='*AS23+#:(KU\I99A: @T@FST.P ZTZ4"P9O;+K>(>M=: M27T?C,8KG9HB_\K)V'6?BNFR[W$G;D?C1;I&=!VQ/LJ8V])F0!A#B[V% MD#)O?3* -QLAQUWF^2A\:T%=70F@QUZ4.#$_7L:]]>'L;>F+@3F--9520HB$ MB::.9INI[YS-O=?5PSCXOKA9FI5(!V1W@^DD3M,T.Y<]?-+K':3=4S-(9Q2/ M@TOW606UF@M61?*I^(_<)XR.RGOZ.LC7++*G)]'ROL!]VH8Z,=B9+08E">2> M<6@%\D):9ZGC!#J)"/?.9)Z;P*."4\Z"= TAW@$9_ZL875W''JOO42=?%;\O M;KX5TX^7RT%]7,QG\\%D& =:7]'E-1@LEIA1"1&AFD#MO5*;61I_;/T)M]/8 ME:W3J#R!<#I@[8/=V\:C4&%HBXMQ_-=G)PV/)BL1SQ9+ARBS_(./+X^_N2;FRY0+/K SO6]=IU X=* M<&T9\3I= 1'2,*ZX(]Y(2RS=1])=LW-67/SEJOS^Z[ 8I8E)TA_2$,F#^1A_ MVO3S:_S$"V-Y6B3 J*B4\\H+AB@6/.HL2"-L1%IIU-XNOS)-WX(HRT: K:VE MZ_) Q8X,EY?FQX.K+41X5"9@JJW1Z;$@'3NJXT(&E%0>0DN\13HS&WI??4GM M,N$89!NG0C7*3U6>>1N7ECVZX5'90"0VZ=") Z@IXTQAK9F1%&JBXS R?3%] MO=#3C9(X!N'6*.*C=3L8_[]B,/7QEY<.?G>4#MX( Y%26%)#)>92HDAY8:TB MS#":N6OH:VJ";FAR',8M$V7%X?I4>5 ^(* ,C$8FM8)0"YR,H_"$*<.8\(QV M]=3+&9(E'^7&Z;(:YN?B:GE!:#+_?7"S;>5YJ6C05%B$H4?.4XHXEQ!K(0A$ M@,5UU&4>NQZUZ7NU)&D X);X8>)PIX/QN[BE^_,_BI?BWK:6#2S=6F0>8"8U M-4@K0*B4G.)H8T-N,R-#^OJR2A<,.0[AQBEB%M/IHW5PMP&[K7@0@!OD&-0& M$>IXM,>!UBHJ0FJYU#8SYK:OT8[M$J4AD%M2)WXT+J8F=N>JG.Y6)H]*!J,M M=)"S:%&YJ NQY$IZA@G3G%/@,AER>/3B.3#D>'S;6FONO:%+#^CL@:-]]\*S MHV(0$@$)O<8*(4IU&A@2T;P"D#J;?UY2/S[Q_+C3(-[MN*M7-ZL.%VYG, ^#_E;]_;V<%_?' M;%\CICI^^H\=XZS=1E 42>4EAU@I2C22/NH?EP(2"&8.92;7[*N[^U@>/$W\ MWQ+,;$\Y1M*^,C-NW M?<[YF@=DJX]^33&YV\[!'A0)4&#+G4K.;8.-XQIZM^Z4CBK^S,Z.CI5,V0B* M'1SGJ[C^#E.LP>A[\:6X6$R73]>X/R_&BS@_5B&R-[>+E> ^7CZ+FKA[N0'U MYVAG\KGVOAHHYMA A 4A$# -&>-L#;$!AN5&[_>4J/D,>YJ_KC#T:Y<>/NJ!JU!5 4*JN1>,SRNC;H2@/%$GAG_>D6?6I3.%M5.7FY99#>) M;=(3G),HDNO1[6JS\_?):#[[4*0HL&W+;ZW*04L%F=!0,JL!MT9"M$&' IMY M#_-U\BU'MF7+B'<2DY?>*)R/HOY/CQ-N9=7.\D%!Q!4D$$LLG.)Q3$1LAH70 MOAWCZTG^VCAWFL2U [ILP@W->#";?;Q96='K<"T4UY9(2U6C$K,K.>;(7)["E]= M.X0Y1KQ/]4EC>'9QVV4P38$(>TGRJ%P@PGJCJ2; :80HY(R :AC&^R^3%\@$0)@661BO"J$AS@N-J6%R!,WT6I2%1/[V- MV0#"G>_]-X,-GM<=M9*2ZE CO!F 9808@1@]96G;:"9$8Q M]] 8:88 C2.:0X/54-Z/)L6[J/VV/J#UI%B@GFFLG$7<0.^9<]&)>!JE!/'H=/LQ.ODM]=Q5+CN\3H].NJW [B'-ERD,0P@IF7R@#+F%24T0HJ MBDSF<=%1EE6/B=8MVAT0\SXKR> N]7.UYE8K\ [>[:X8&+5*..,Q D)CRFD< MZWJ@A"IB\VC5ZQNF37&L461/0*'U!24U&:9TZZO_.(!(+U4/'DB O(#"6D,D MH "::MX0F1W$U>N[J&W1J0%\.R35NM/I@MO74A>?!J.A'=Q]B!KV.HX@77^K M0:W]C003K00%D"06>!C]=U]D3C Y9VK'X/I\%&^N)E:S*^CK/ZY"%)8@9;#2 M1G+*C<-*5'!Z:C(]X$==J^TQ3T^-?R=GN7%+O-H,V\4TQ4TNTU&L.O[R^'^; M[GYD)+?) 73$J6WC;V)L& 0 :G P9!EYBTZZD9OG\G9#K5$QF^G/Z6(G@Z M6-N??C)082"C6B"--<$R/;T'*G YRWTG+./MDU?"X7[(H2U;92/Q[5+ZM0A2@"&,ND8EYPAH%C_W.RX"E$9Q2IZ3TE'CDG62<8P:L M)O%O]NFBEN=-E=Y]B6N=1"I[:@:+!462&^!4>@Q0"!$7E_5PG0>YJW1_%NEC MQ;QMDC6"9SM3[_Y5^$_3\C8=89]F"GXN!F,W2Q')-:;A\\+!$,T5%)1:J:@U M2OIH!EF.,(0.$;@OA+OM01V6T6AGO>"53:]^<$ EIC*I?\JX89:D8SB;_1A& M3PV@)F1>M@=O=[/R=&F+CIV;PNAH0R(&/?!:8\XAIIQX3#"T2NI]$1XM^6@N MKHOA8EQ\O+SO\3W8V[(@'5 [I%S+'HN4'8AYKN(&3-IJV)"14UP/.,T\K2W_ MI[Z4QD'N)#9SV<&[%-2^S(X8;8G;E>,GO0RRYTY;C=K!$>L9QA)(0W6*NO=> M5T-FCI["#.OBME*39'@6T=DTZJ >/I9MYB MJ<[T6ERC9*A+M&S4.R#:^\%DN/>"W'VA$ TE2SF6S".!(.7 8+P>@$MQT&^, M-CFB+1L"MP-VZ$6$932YBD.N_OCNYG9:?E^>=FQ/:'50_< \X9YB"@!BT=1W MQAN^&;;)S=_>U^>INN!4&[AW0+>7%O_W.R[SU:H7I(];1F8M0@IPP['"2E;# M5(AFJJR^TZM-DZI)O#NEU;.M]YV:FW)6;\N[K7(0WEE!XQ0BU"J73 ?B[P<, M,_57W]?$ADBPE5H-P=V1#?7P3-\6WXMQN=3E>XRJ+;6"1R": DQ)(YB'4@&! M835$PU1FO'"/3LS;)5%ST)Y:.UU<+&X6X_AW0UM$V5V,'CV9>ZBZ>KFUX(ET MA"B/J+%88 .@8A4DA)C,K6#]0W>Y8MNDN$I=.VL-UH@$3DS*WXO<]3+6#((# M193%"!)%@+-**E$-U2O<6:Z%!T?Y9TFUP['N(NRCGA)[-#?B6H\U4L8:J1S7 ME'.W6>X1,9G!'T?=]7M-'#D"R^Z.OTX7'7+TT33WS#-#&'007D16<4?[ L'.::Y@"R2& ..-:<4 R:=%M5@O>+T MW#AG,ZO!E=%>G*I OFPF)*:+03J'*5*1KU/-158*L8L M\QH !#G0-'-?V?<)?"P7RB[ ;G_>?EG1N5KD(AY^FH\G% MZ'8P_ES%M*HC9OGKJ@.A1!%R[.0X:3+N-__5$V M1=!U@T$# MZ:5'QEB(N#;1@E"D H:X<\M#WAM*9F#?1U+ZJ)5-[ 7''+3?$>*:=Y@K':5O! GUN M2&M?D[7UAI&'0]\O1JK+*+%F2?FHR:"A$B1YTSAR6$(#(00;<,S>6T6O+.O; MZ7EY#/H[J;G%:;[,"5T,DQ?C*J42*2\7D\%-.9VG[$KIUU'*GCFY*"Y>C@ Z MO)' 41J6H1H:1:4V#"&T')107 &=&6IV>)ZW;@\W&Z)4ZWAWZ&)[^./K=YY1 M*ZV0*3Q&(D:%4MY1+K!RQ'+@Z+ZW0ML;W+M)[.%B&32[YT[7"Z4#]PQ)E=(+ M$:B-<8XA5@W+47:FQUG'ROC9^?*QP'9@=IB4X[:81H#F=^GEUST7M5XJ'A2@ M5$&'F>)&D;AV,2FJ02D+S_3&WU'B?99'_6A8.PE]NEU,+ZX'LT)=38O5:Y]/ M.K[W E;M-H**^T(EXM*HI7'<4 G,9O@@SL7S9-5Q3'@6!=4.V%DVYW5Y>YLR MMKO!U;CXVV#ZK9SN?H1J>XV@":<62)H."VVT;91UONJN-.!L=U):_<>+!P0$TS:N"5FE#J'C3*B4F@"0)CY MS';?SP):YD,34.?PX;\&X\EB_K?1>/QI//CG8#2:D$$0S M$L=>=5)RD\F'OGO 6^9#$U ?M?7X^M\?!G_^67/7\;!PL(AC1.*:)JB.6S!# MD*U\0()%"Z@K]_59\:$)J+LXF1M-BH^7)LIH--^?$.19X;AY0L)3! 0WTL== M/,81E(K@3F4>??3HM9#VZ=(8NCGJPY<1X]G\M\%X7$SOEJ2-NQ]3I('MUB7[ M:P:.)+!2"ANI#@!RBJ+*6H[*,)<<1[W6\?H52^.X9UDA@YO;@8_=&'T?C/?8 M(,^+!FJ H03A:#VS%-FJ!2!5!Y'!N4[UHQ[1>/W,.![IK W*:#(;ES^65O A M^F-?O6"0HL)J0Z@2(&4NQV2SMQ(\=QM[W"L5KY\D#<.>PQASEV0S.X0L.ZH$ MB[F+O>28*F4DMPS>VU3*YT9?].FAB8ZHT1S(.:SXVV Z+8>S;XOIU8?!](]B M?CL>7.SQA^ZJ$X@1E')*@;&>JVAJ&UUA( 5%N:_<].BYZXYXT2#*61[R+= Y)W@]^ M6S['5%MU;*T0D$86&<*X-BRN>!Y96_GPI&<@USCM9>J)5FG1%,19^]HXGA^# MN_^SF%PD0>S9RKY4.##&(*<>(.$T=DQXO E,D)&_N3F9C_*3ODH>- %O#@>L M?^>&<2S[Q/^T7-"6*X\@@XIP*16FR8V_H6=N'C9XE$?T54K^2&0SA?ZAO"LO M_M@K\X?%@L .0C3KWK:DWYU/Z;&- C]X6[H@!S0"_2P;T?R/QK;+)_2-*J<8CZO M$T7U4MG@G4/::@<4(!(Y89Q2FY5)LWV7';:)OXW4SWT;=R^JD< M3;:?8[Y<,%CJM/6,2(:D,TIK)C:**>Y6,QU%Z.TY$(^%-LL[-(J=+^,XXECV MAD^^4#;$-8DP3;V47! DB"&B&JDRR&1N\]#;.P^JSF*%'L.P:8@SC("%_-QO6CJYR4#E,X[;DV* MS''$6:HWU^&4\3;3)8S>GN_O:&SS[/^R_./S8G+(*<&N.D%8Y$'*N@DM0EYH M+7CEIU3,YU[%06_/!=@@REG$* ;?B^E_CL;CP57Q;C 9OGNWAQ7;*@2O&-<$ M$HJQED#'C2R!56>=RO4*H[?G&VP*XJS=8CE>W'P;#?QH6M3R%VRM$!#BDE!/ M%8>"04J!4)6%JX"BN9N'M^3K%OBS'HW+/TO!BZ6#CSE8 K Q M%!H=^P;UIIM49JX+^ VZ#YO -^\?(H[ED/,QYV5@F-0"&:QMU(!:;6@ M>K/;809E;BCQVW,J-@ESEI+!P,<%@#$DV=V#V."'6X.BS3EN=:D_CM>2&; M@#=K-U$NYM=F$($830:^+(?OHRAFZ=V(/5N+/?4"=8Q J8T2 #EIG1.F.D73 MC+G,(!7\QF]R-PQ[%YXD;:>R0HDQ0IKQ5GKH)* M8YE]WMUS*C69UZP!6$_ E;U)S%ZN$$PTJY7U4J4W:!^\X M&>\A3!:RCRC3!JK= 'GHV/MP5SK:E-_3PX4IXVLQB=Q;/@6UU\S?6B=033V@ M3,15!7I,-#/N?O2*YIXW'RK]V,%OY2EG5289F@8XAQ._EY,<6NRI%BAGF *I MM>: D[A9E;R*FM4:YZ[.?4_IU20OFD6XBX7Z@4KS@XO1.&*]S[#;4B5HP(RR MC&-/J+(00JDV@R,69J8X[J$7H5%[KADT3T25]RFQ^'2_=;>G:I >8 .1X1)K MA;17Z6Y6M3W6/E/S]-$B.5K<-?AS!+0YJ]);/+:1M:]'.2@'XJ";C3((L M=I((!8BI@C,T%+D>R5?"ASSQ;4DM>C2X.8SXC^(N?7LW QX5"E ACC0V3F"7 M$M@Q83;\9U1EYMWHX8E$.Q(_!LP.UH['*^;[ZJ'Y'4O&EAHAFM00&XN\!)8! MIC!CE3,]6FPLTQO9]S2C35H)>]ID=Z B!\<3*]&D\&W\GOQ_IW^ M^/EF-!G=+&ZV*8L:58-2T!!$K25 &QW'H;7<#(#!\UDTCI9@V2JRC5-C\&TFJ"*<M&A'(XN M/JW>J*R]XWE2+S L(=4RKJ[*8ZDI\YM ,L,4Z2I]>N>G-LW3J#F4NR?3JIMQ M\AZP=WY8*5!%B7+8*9)>C9 45%%E9@(X9EF76^91/D =\Z@RJ3_'!>!=-^E M&,8I<)%$>E7_1F5YFX6]OV;@A +M>03((.2=X Y4O@4+%];W M=.V-VMB-HWRBT\3/17* CR97NIQ.RQ\IEGYP&_]N?G?@V>+VAH*SEGEN',4I M(120.-WF6@/!/SAC:FF55*K0)^(<7^?+&;%L.IS>D5G-$]H^:*HM2YF MMQF,AUQ+C8#UU$D,J""5B\0":4^29_[U\K -S#NWS>)@"G638LQK6V+W54(< MEX86.4%=W+(@KM'F.,@B[G+S2I^QC[MA2._Y\N^_/D0S=O"/Y:]/?US7?H9- M6M/_LIBMX'Q?#B:SN,-(1W[+<[_9XZ\6?\[3X?'PY]:)^OP=]STT?>'A=X:5 M8D!P *)!XKE6E'M .#&<*.;VWB5IZ<3@XKH8+L91J2Q# )=(1UAU_-H?NXX0 M=E0+7MG(.N2()((RG9S>@$L4J:,AIKG9W?H>N'ZLU)\>*32'KBWP M43'[>)FB2[]6T:6'4ZM>4U'U08:@C-L_9*CU6$ N')8HKG+<>I.;1O2MTJT5 MU-M9'SY.KP:3T3]7HIL,]6 VBIW^]%"@DZ$I)[-R/!HN__L4ZX>ZN$@K:MP? M?(K]N(C UEA#ME<*'L>]!&( :LHIAEBA929O:.+W#=G[('D[@WPHBD>(1PD\ M%,C'R]49QF@P7CISDM4QN^=Q'071]*="G"Y*:(# *OB72Z=X<4D9 M%%#'_12GSE+BJFXJ(W+S 9V_W!O!LYTU^W,Q7AX4IF057Z>#R6RP? ?I)$OR MMK[46)CW50W0$2(4!4PS1I&"&J>[$XA1AKT4>\/RNAWP85;^ :T$2KT 2GCC MM*9$$2RG-X\,,[/31'8 MN%M3'C./L><.$AY5,'7"088<1W3?R6[;3L%M_==WC_XF>9AJ>08/:"^0=&\, M$V6U0A ;HZT!:V@\$B#S9O:K5PZU&;/54=B>$#IP6-?K_)YL /4;"1X"' ?- M(>.&QC]A@%$% ,3GND2U3)::Z];1XNB8CWM3"CPO' SEQGKMW1(ASA1!&\RX M3VT/WUC'B*MM!\W2KV?L:=\WW50W< @2MY%A:S1"U$3U?#=8ZDOO<0L\U M2R]6KEPA=,"XM3-I]KFX*$;?T^#U:#PNAKZ<5H?&IIPL3SD M85Z#06(%"0%2@SB_(SR4,%4!HP$\'[]]E<9X. $RAXEQ3H[QB,J7:%BMGN_* 11Z\80= Q,,3%1=^3850C#LE606- M9+D'.Z_5-#Z<,8TX X3PADZ +#G4 %G%% *LCAL;G4%@!+H7PZ '++D.P . M$\)>L[O]J0^'X'P&%8YS@ _NNZ*,;% MM+K[.%.3H;J\'(U'@[V);FM4#4 @Z1QAWKG8?2V09W S .DR4P*])K(<*LFR M581?N8L 4&2! ) (E2* -;&85H,E$F3FI3M/%T'#:UNN$'*4TI8NK"X,S3X- M1L.OY<,RVS34H>T$Q@D 2@J#,+ 62=@=^\[Q:^26*H8\ M'<^N;:T%RH5ASC&JI*," 9;N3*R'B01KW,"$^B;GQ39DX&3PYV5!Z%?ULJ(-88SU)L]?3C;3$=I'CM]\5@=IKYO_IR MC=G^N&"PT53$%@M DLRB[&0ZD:+'(>^L& MR;W5+J6@,I@R[*017*606\4MI?!,'7"Y#N?G'XQC]W]L,H9OB[W MM=1%9?(NZ_Q>3BY2_L[Q2N],!I/YDV9.=SB9.],5IH9*RJSQ FDMI3&6(0&\ MC'L:[$^SBN\2SCICX8/S;K.8)JKO&'-6>P';]/JUILQ)JHR"Z2;-!AKS1C1" M;7X\O4O< >0=;"0/&\:[R=8:WP,ELU'M'R<:(& CG'B+EG462 M>$N]5VX-!,1*9MYM.OQ9AVZ?L#H)_0[$NG,OW.D.RG+=9U0QPBU6T"L8_RPT M(@P:[A'3D%&\+W-QVX=@+[@U*U;X\D7T#SL9.Z+]8*#0V#%#H!'4I-=J/ 8@ MXFF$4_!]BP;3Y-3EA)-"0!$>@>)AM:D'(>"82\P,9KL M*!ZX\18XI834%,CD?^%P/3#*E-EWC']N$[6VG'=/U!QL.]B_ M/>UE_.Z>ZV];:@0'.7-"&62M$Y1"AQA:#RUJ)?LV:'.@E/=0)@_:T[!F[_6U MK74",)P2'S>P2L?1&:*9U]7PXJC/- 3N:&'O)T\6OMW39^O5MIWE0S2>% & M,,*$8PYQ!WPU+.U.DN.M,Z8<*MG=7,D"M .>Z,5L-"EF,W7QC\5HMC0D]RQ. M6VH$3IA%#AN."8 F;I()$1N@!,GD2@_S/#>Z'C6#YHF(DOXX+?:O2WOK!F"! MI (1JP7"5AJ6,CZMAVN@/<7.M1WR'"WO&OPY!MJ<>V;*?"JG\\MR/"I7:F[W M1>HMQ8,7Q*0(5".X1@03*:A:=Y1;2,^; YDR*QO'-8< =C =%9-#DNIMKQ'2 M@0<61&(?%TJ9_J!YU5T"[>;F5M*!@0% MB".,AA"TSEK -=7WP_6O_W&(%H1]+(HY0O;E>'SWN1P,=TOX2;&@,,%"<<"E MCMLJ&XU=YJJ.,4U>_QL0S8OW. AS9/M;$0==S,L?D]W"?5HN *!T[ >%DE&. M-,5*VZIK1IC,N.>C(OGZ+MTC,(7RH;F#!>>2:T MU4XCAC#D:+.$>)#I=3PJ-*[O8FX QSQ1_U'\%M>%R8^R'-:5^-8J@4,(XXH2 M.VT 4E@IJ*L]K2!69;[^?%3\6?\%WQ2F[.3S4ZY5)^@@,L\0[FE]<7XZ*\?##8/I',?_/T7@\N"KV MR'I7I2"E 41JYY"&(-H76FW<#@)RF3G%Q5D+OD% +?/D[Y;PDV*!"N$1 M]9 (SP6RV,G[)49*EOL< 3AG^1Z'88YPEXZ:8C:8?[B;SL?%IZA&=HMY:X7 ME!;2>L$M,M&P9#A^;&-3L-RKI_"LO65-H9DE^G(QOUZ:#KL%_KA8D$!*S2V- M)H9 D)K8LRI 1BC)5LU^F M5293N&?M)3L.PRSASO_R83"?7Q<_]N0)?E8P8."H LA S+6DV*2LC^O.Q:[A MW"B*LW:4'8MB!R?B?C09S8OW*0O-NRB>R=7HV[A0LUDQG^F[#X/_+J=F/)C- M]H13'-!*2'$H7'+B551?CBEA4(6DDE!D:HH>*8I60BS:0_BT)+OO^N^#F_U! M& >V%#!3&"H#!% <,PO2U*N@( *<(I=Y.V1KA1_U.=@ ^%U<0HVJ>/JLZ_NB M"G?4"NG^)#$*(JE28EI.+=CHK!QH MJQMP>[FTI4;0W""AO&?04&.%I&H3X: AAN+5AQ!TS:-F@.Z 0^D9M0C[C2V^ MU;E5\5+Q0!PWP!J,J1>(*,(!JA3?AP+98X7QY23[\5TGE;.+\5D5$Y_ M+_<^_+2K3B 2BL@MM9Z1[!4,FX/UETVTF?JAAY:'PU)OVE$.U80?G Q&H_V MOE^XK4I0B@E"H^5DE!>4 L@W@=V&&9)IK/8HEJH=HO-QP#4GGK(A,+N_H/N^QGN!VZH$19"%1%FB M'8XCTDS RD2W *I,S=#W1(%MY@7(Q39'-?R^2 PM+Z?+G"VWT_(VV4;%;+"Z M$S;L0,U\(%@L3#3A'#20*D.L M0LYM)A#(O?77_W/L?"*>5 !=' =-BT%Z3VPP=K,HV.+32NON>@-R6Y7 !,>" M"P^C*M;8$R#49G!*Y^J\@UWZG;_WV#C9&D(X9P'\5$PODA"NBH<=2!V:+<^D MMAI%>RL&(8531!EOC*".0JIEM8FTUN3Z:_OO@CER%6P:V'Q+^>/EZHFOF9I7 MC'R@#FWLU6Z+>7_]$+6BIP#'32-(^3A(_#_8#,7RS&L2/;KYUJ;EW#B^'5I. MIKSY-IHL!?>YN"BO)J-_%L-WPPC-Z'(TV)RWK]-U#-5D^#[^G#P6<8,0_VYQ M4PRK07\:1Q!BB;1 WZ:\OS4,JU:_GYSU'%O#J'<6(T&MHI7>=H#IS)N\/;KF MU[K=U2?YO+)IL2K2T1Q8%0E6$"^ 95Q0PB$$&HL-H(;JS..6'EUO?!6$SQ)& M%^PNQN6/!X%.:KO#;5^5@*'QU,AT[]-Z&PT?BTTU.,%AIJ^M_L5*N6+:I+A* M+S)_?86$:P;95Z84?R^ZL@KBEP)W+$J:.69AG(F $D0JAY4CAN6>(/;H>NBK MT(>'BR)GL_1"CTTYF8V&RXVLY/J!.[3Z,IMXWC1CQD'5CDR#].3N5\)P HJ ME'+ &H(T8 9O;G@X1W)-QCY=M>U21W8DAGXQ&39#51B@C\/VWEJD (-8PK@P M5"!XE_L"6Y]N!O>!BX?B?)J#O/^_O&O=;9O'MO_/8YP'.,/[!1@<@->9 FU3 MI/UF<'X1:J*TGL^Q.[ZD[3S](17+2=K:DFE)EET4;9)&I,G%)7+OSL"<]=C4698>")V;TS[^@P^][,$=">^) M&17MT5>SF_E]^7J^/%#Y_==U!(V02K>Z358>TAF@G$XMAN&:U3 M$MUVLM59]MZ+7/(=O('R,K7@LNC7X0"<9EFMN^6*Q6PR^[1\5RZJ/NAB.;DY M;'7=6U7@VGH(,/4 2FV48 S6\71/?+90_N^TN]$3UN,BGIU,UZM#T_H:*@L0 M:6H4(BRBKJ!G %E2 V*8SB7?B)0DQT"^/+0'H%]L\$U9WBY]A*N*V;:'5.TK"8K''F-)O>! $,.1M5MC%H!<%P(= MO"=Q5E9<[S@/0+2-0;F:W_P9_9JKQ6.+_U%,UV4]X>YA6(O200CF,'/.:T*A M$8(HL@W[(,IRK[/Y'38/NH=W"$8ER9VKNW\6BT4Q6UTMKB>?/J^V&?=ITJWV M?4TQG9:W^OOFN>7FP7VQMB-K#M1&)TE1@UBU%8B\%EN+02B4J6N#?H>M@V&A M/Q5+W;0)W$<$'66:JV29B<36]^=VMQE]W?8 M<1@"\!.)([PIODWNU_=ZOEC,OZ;+ZXHO\3=[#_X<4DT 6AG/E!'QE006.$2V MMW)X'#WZ3-;]#CL1/>)\Y)G8BO(I[R4)#L>?=X5]]Q0)FL>W@CL+XE2=5(<@ M-'QK2SB6*]QS\1L)W6$ZN&N90GG+]W%XBMNKV3^*196OEUR7?8M=VRJJB_J M!\120Y2!S,I:7YX YRS))-3O<+JB)XR'4/%H%?%Z'G[A L/D97"(Q7]8@<< MJ;L M,_,B$0'1^W/,OJ0#V3.BO.2EN\6Y9?B>_KN[7P5)[[HE4[F.\^AMBD; M>+KW3S"$(+$(6.ZX,5QP8)6);#:Y:] E!]'[ C>7'X]2=LO']+(D:I?$>>N6 M;:REIZ/W._)8CZ@MQ"66$,28L\(@[H'#G->O@48Z5TOADF/EP\']Q*J__N4Y MTK'M?U;_^^-_;DK_A%MJ\O^LEX]0_P#$LE(^6K[\Y/+;*BEHW?[WD")62_5Q M6>FC[%L+=Q0)T$5/56% J-,:,*>9$IQC30!C").FR3 _SZ0^C_G^W^LXU'X^ M3]'K"M,/$44=*_[S@+R2%K4%32$&VF*OJ8 XZ9$Q7G<5@NP;?T;_RF8,=D,2 M2?=H#V$TWGPN;]?32DCAQR-$]6G)O0>(&LG9TR<%0SV#&LBXC&)J!-68XAI* M(DQF0OK!VQLGL%WSJ3N.L3AM2LJKV5WZ4B7>MZ#M@34%J#7CU!BIG-#IABC( MGT&1>WWQ^/+[U=W[R?Q+;J;W"09A9N;^3J^2K-/[^;3 MR;C*R^;=:K+]41NMFG M1]FO1\/E0\,)W3;% T71AY8,<*^T9Q$%@E'=<:1 INK6"-VB+@9_IW79&'E4X&"^ YX2X'@TE!I )>Z;A;PX!2VY7!C?>C0S+O",6=XK\M9 M^37"V3S$/S\9(/;$2J6\=IP1 B13O&X>0;E:'B/,QNUZF(_&+WW93 M:,\:L+]@T,1(0A5C&'H%D(Y_R::CG$.>FS$V/M+T:D=T"G+.Q)'RR2?+M+?G MRW)S*B%^MVOVV/%X4%(3[3R/S,>&(\Z,J_O/K6"78Q5T-6#SSD$==$=FISAK M>P]W?Q5!&1YGTMAEJ(GE3C/[U'F,'+J8^:57+[=3D(%J6# M45Q*[B%5B &BA?.VQI0#[2['INV>!#^?H>P8[5,2K)5?W*)T0%HB1C1RD@N/ MJ7%>@[K+0KO+N0:YT_%ORZULH ?9V8UXQ7D\MK?^]M7]E\7\H7(V=E^?>U#Y M@(66QE/)2033 \=I_%-;!51G'ED[)W[E<."G#=WNH1Z 8=?)VV^533R[ETN?>E+A?3H2C1.+4\>RIX8 27Z38VH%)NIO1: MU%W0"E_.3>P9H_:K<<^";8"1?S.9IR.>X<-)!KI#<0F'8 MY=B_66,W[PZZ(1CPF'O=S(#GSP6+G0#&2TJ]H! (">EVS<3,7DZXMQ,&' '= M*=V9-A'>YL*!>0(8XA 0Y*R,C*=.;V&3/M.$&&/*X,F\Y5RP3\FN/Y;EW7KZ M>G*W+]37HG1@L53[5K2Z&Q8" BHD(=4%IR:H6/MASIC[O8L./Q8*B-,R\@@%?I MU! ;OUUYG&C:;VU40DC<(K$4$2,=3@ C*IWUV!C.=G*,42*:^<%EICZGFTYR/&&R $ MTC[SK/P()5)ZGK8ZAWH SOG);+(J7T\>DB['JIA]FCR[8/-F?;^>)HW8:-0M M5I/_%#N4X/(K"U@(JP3W) )"%,#"\#HN+HAUN3O2(]16Z8%\O>,]Q*3WK'57 M=S]V8]\DM[=@T QY@ZB6T>] E&.V " 4;C_B=T;6H?4(OKCF#O-M;-54]Z'XEMS,Q\NR/LPKK?R&B\^.J3- %OMEM:.8 M,$"-1=!N[4&"^4GN"#TO5V_H,1@BFKU>+*IC'.DFW6ELNOOVI9PM2UW.RKO) MWLCV_I+!:$>DUX8S!I!3ED @G]P/GGO4YJ@P]WG1K1^D<^:R-'-6-/_WNIA6 M0AZ5CM!7B($T@N85 MB5^%$W6BG#4>G.3>T/,BU]!C,& :R)MB5CP>G&TZ*]BR9)#1D?41797.S%'I MK-)URH,5W.1>@#Q",?!^ J,=@ILS?56N9'M6-)8).*[@@$DGM2>0/Y"W29)XT>';Q=CP:JI8I6HJ;"4VPUPTX:XC2@T#ILC&F@9T_[ $_R MJ&:^W!_Y_^'10(Q"@F'.A*&(8TFP])L.>6;-^:O:'3^4/P;XCX-P&,?AKJR$ M+8IIM$,:/!KB4@,@@))!Q"U$@C./Z\Y8:H?2T#XC/AP)X1#Z(<6T6,0I M]9_12EU&*^/J+DZZ$6 SOT\V1E-0OTWQ$.T3*ADG2%2[6XX0*>M.2T,S78@1 MA?8[YTT/L.8I$2V^S!?%JE2W]Y-9BOQ6G[S;)VA1*F## 4;.&R+3/KE3(NUS M/C9;<9-IQ8TH;;PS-G2/Y@ 3RM7J<[EX.Y_-:U6F9@]R5Y%@(51*1E=922,% M\1ZBS6SI@(*YLKHCRA[O?.+H",H!>/)A43R4TW0V*MW$'HWX6?)+FLFRMUP MQAEA@'8(QYF,6^Z9J[LIHF-S@C3TD3.F2SR'R&LZ)#3UBY ),SJ:7D9;3:B$ M6C&J3-TACW)/SXXHNMV]3W,LB$-,)L6WRDYZ':VDV,!]7LV/CX8(BF,>&FRA M,LH[Q*&L.P.TR=3>&%%\N_LIXS@(A\A1*F=I_[B*FCY930]E\Y314#)(*+"' M%L.X>C+$& %BVU5(1.;VV.'1[/FJF)X'6[I%])1AQTVL\>K.;H:JBO&\+5=7 M=\\S.Y._ELRPQZS.R[G= Q'K&'$"1L="0ZPHDYH+K!R%R*K&\[XM?0::MR 2 "H-7084X1KS[7U,T7,#LE_GS3*%J/Y[P_F$][%$-_?U/\:[XP MTV*Y;)!P.Z"6("G"&FG@D+44.V\)0EM@MRM"=D!R,Q "FKLK.G'D.H+[4&RR9ZU M.DV#D=S1V]Z;0_;+$L$8((S7(KU%3EIL&=Z^"YJH"UNA>ACRGY+)NL!Y$ I] MF2\GJV7CL>>7#P;'.)-"$L:P H1REBZ/VG0$8)JYCS2V5)>>.7($HGDG=V;% M;'5=3BO8EY\G7_8$QW8##D*ZU-N*]5?+V&/2!L' MO$-"(NN(C+.ZQOP1=02%)TUV4S^=?%+7K=K[_4/$5L>/^G-/'W>6B0Y8=+U@ M9*@"#@#E+'>J[J)3\A31_<&WCEH/\[P?5(=0"RB6G^.4DKXD]>Z'8IK4F=L3 MJ%7Y8(!$CGD&-; :,V&@VRQZ"''O3Q$7.QLR]8'PR8AU729=C9M5>;NO6P?S MK5VU06BI'>+$*((%-\Q*%/UVBH!S4 N<*6 QH@S]P6G8"_##I.7>EEM3ZB>A MV$8:MBH?)&:24054LO>1IH(K4;^4UH"FHW)GYD?U2+X^X,Z2'?@X?RB+V6V$ M)_IW2&D.K2> A&+(EA>VL,Y)8YL(E8(>* R#Q_)[FBN3!OJC2EG+]>WPF@*5'"M,#,)*&>L4 M4K+VCJF@N5KF9\=+S4NW)G9?Z@'@ 9OVQC UVR]7DOECM M/8WW\L'@%231\L.,>*/4Y<]S03L*V&'/\59^07MCJ*%D M0-)YKAE$RGDBL.!2U]X#2Q?J97+H]XBI=PON(*Y9,8TTCR3_>SF]3?<118]@ M.J\N6XV^YONB1F4I_OJ_4##?[9*@(2G_WT*DD?E,L#PTF'U!&$P]89Q2&T,/J?EG ZBY)Z'/O-_B- M0MY]8S[ 9/6V_/H,D,5\%K^]*9]9 ;]]IZS, MO1+ALB/C Z$] /7>I7?]71G_O;TN;]*YDZT&NKK]U_HQ*<.6RYO%Y$N#YMNA M5045[06)#9+&."88@4+6TSG'%.9*BH](E:='ZO6,]BD3WVJ)B>C;KE?K1?GR M>JSJW-O58O)ICM<"XITSX.($@H)V30 )# MG-*<60J(;TK(:&D%_0KV7/V%G+J"E88C35Q\ QB74BM)Y*:;3 F:>3WX&;O[ MK<=]/BSTEZG3X*'QW$$LTD$E(KG&6P@<1KDFT4C9-P!5CM%N.&@L+EJ[05F! M.566&4:MAD0C3VHH &>9ATS&2LM>R7*D=L-A(Y%WO/X71D[3$?N=18*AVMK8 M3@HU42AZN2[^M&DPTME.WOE2Y[AAG?<"^UEJ?!B.M<3(",B10UY236S=1:M9 M9H;PP4'UAW+Q<7Y)W.H>^Q.J?& GN&0LO@-$8T<'J_?S862! P6@ZWX.5@Y##G0K M7C>IP^36%S2#2A@GM,,44X.XH]NNNOAWH&7JXERZ(4?EM,[=\^YM)&K?EM]6 M'[Z6TX?RS7RV^IP9?FA1<:"<".LEL2D[E:9AH6#[XCMVBAN71D;?#%*U=P*[ M'Z+1?T_\IB\>'KO#,FOZPV$,D0-$XB(K#A)(Z.JL.8<>G1IY#/^?.:K>0)%/EWM2I!W7T>B#P-6CPYT%F1IX8W6]SHS)&2,T:B+'(KT0 M.18)$#+F"<,$0JRC0^N1$#5,E*C,_9%1JRB=$9$/'Z&Q$EG=Q2'NB\TO*@_4 M8@^-$@H"X+1UC%)? X:=S*3T6 \:GQ&ECQFFT_)ZOU#N_H*!8H6HC*X!P]@B M+UAUH=/F!?:Y>3F''TE^=LO1[\3'PX?@E&E\543Q(M3K#(1>0B2U]1(QY3!2 MDCKA(),6:=Q$^WXZ^8*$IO@RB>_$Y#_E[;M%^:68W/YPV]1D>3.=+R.3VR21 M'UMU\((;R9A%F!,< 8)"J1HPS'CFAM]8XY5=,FB?DF7_(S' TE0G]\[O]DQT M/T^ZF^6WFE/:4+C+CPD:$8H%CZL\A9(YK36R-8@ FU-<<'^>=#[AJ.1L7V[O MV&ZXJ["1E4?4%B!ET$4WR0-)J4".J;C,;[H)/3N%_OCH^3874\? 62P$ %0 @ $A;P$ M=VAL&UL4$L! A0#% @ K7RE2.&UL4$L% 3!@ & 8 B@$ /CN @ $! end