fsp_Current folio

0001558370-16-004850.txt : 20160426 0001558370-16-004850.hdr.sgml : 20160426 20160426164538 ACCESSION NUMBER: 0001558370-16-004850 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 51 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160426 DATE AS OF CHANGE: 20160426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN STREET PROPERTIES CORP /MA/ CENTRAL INDEX KEY: 0001031316 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 042724223 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-32470 FILM NUMBER: 161592484 BUSINESS ADDRESS: STREET 1: 401 EDGEWATER PLACE STREET 2: STE 200 CITY: WAKEFIELD STATE: MA ZIP: 01880 BUSINESS PHONE: 7815571300 MAIL ADDRESS: STREET 1: 401 EDGEWATER PLACE STREET 2: STE 200 CITY: WAKEFIELD STATE: MA ZIP: 01880 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLIN STREET PARTNERS LP DATE OF NAME CHANGE: 20010301 10-Q 1 fsp-20160331x10q.htm 10-Q fsp_Current folio_10Q

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10 - Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2016.

☐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: 001-32470

Franklin Street Properties Corp.

(Exact name of registrant as specified in its charter)


Maryland		04-3578653
(State or other jurisdiction of incorporation		(I.R.S. Employer Identification No.)
or organization)

401 Edgewater Place, Suite 200

Wakefield, MA 01880

(Address of principal executive offices)(Zip Code)

(781) 557-1300

(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 ☒ 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 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YES ☒ 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.


Large accelerated filer ☒		Accelerated filer ☐

Non-accelerated filer ☐		Smaller reporting company ☐
(Do not check if a 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 ☒

The number of shares of common stock outstanding as of April 22, 2016 was 100,187,405.

Franklin Street Properties Corp.
Form 10-Q

Quarterly Report
March 31, 2016

Table of Contents


			Page

Part I.	Financial Information

	Item 1.	Financial Statements

		Condensed Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015	3

		Condensed Consolidated Statements of Income for the three months ended March 31, 2016 and 2015	4

		Condensed Consolidated Statements of Other Comprehensive Income for the three months ended March 31, 2016 and 2015	5

		Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2016 and 2015	6

		Notes to Condensed Consolidated Financial Statements	7-16

	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	17-29

	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	30

	Item 4.	Controls and Procedures	31

Part II.	Other Information

	Item 1.	Legal Proceedings	32

	Item 1A.	Risk Factors	32

	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	32

	Item 3.	Defaults Upon Senior Securities	32

	Item 4.	Mine Safety Disclosures	32

	Item 5.	Other Information	32

	Item 6.	Exhibits	32

Signatures			33

Table of Contents

PART I — FINANCIAL INFORMATION

Item 1.Financial Statements

Franklin Street Properties Corp.

Condensed Consolidated Balance Sheets

(Unaudited)


	March 31,		December 31,
(in thousands, except share and par value amounts)	2016		2015
Assets:
Real estate assets:
Land	$	168,120	$	170,021
Buildings and improvements		1,625,819		1,637,066
Fixtures and equipment		2,649		2,528
		1,796,588		1,809,615
Less accumulated depreciation		309,307		299,991
Real estate assets, net		1,487,281		1,509,624
Acquired real estate leases, less accumulated amortization of $117,134 and $112,844, respectively		99,102		108,046
Investment in non-consolidated REITs		76,707		77,019
Asset held for sale		15,921		—
Cash and cash equivalents		14,316		18,163
Restricted cash		10		23
Tenant rent receivables, less allowance for doubtful accounts of $130 and $130, respectively		3,691		2,898
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively		49,696		48,502
Prepaid expenses and other assets		5,943		5,484
Related party mortgage loan receivables		79,575		118,641
Other assets: derivative asset		—		1,132
Office computers and furniture, net of accumulated depreciation of $1,372 and $1,333, respectively		438		484
Deferred leasing commissions, net of accumulated amortization of $21,035 and $20,002, respectively		28,705		28,999
Total assets	$	1,861,385	$	1,919,015

Liabilities and Stockholders’ Equity:
Liabilities:
Bank note payable	$	265,000	$	290,000
Term loans payable, less unamortized financing costs of $2,120 and $2,353, respectively		617,880		617,647
Accounts payable and accrued expenses		37,791		49,489
Accrued compensation		1,274		3,726
Tenant security deposits		4,433		4,829
Other liabilities: derivative liability		13,226		8,243
Acquired unfavorable real estate leases, less accumulated amortization of $9,822 and $9,368, respectively		8,697		9,425
Total liabilities		948,301		983,359

Commitments and contingencies

Stockholders’ Equity:
Preferred stock, $.0001 par value, 20,000,000 shares authorized, none issued or outstanding		—		—
Common stock, $.0001 par value, 180,000,000 shares authorized, 100,187,405 and 100,187,405 shares issued and outstanding, respectively		10		10
Additional paid-in capital		1,273,556		1,273,556
Accumulated other comprehensive loss		(13,226)		(7,111)
Accumulated distributions in excess of accumulated earnings		(347,256)		(330,799)
Total stockholders’ equity		913,084		935,656
Total liabilities and stockholders’ equity	$	1,861,385	$	1,919,015

The accompanying notes are an integral part of these condensed consolidated financial statements.

Table of Contents

Franklin Street Properties Corp.

Condensed Consolidated Statements of Income

(Unaudited)



	For the Three Months Ended March 31,
(in thousands, except per share amounts)	2016		2015

Revenues:
Rental	$	58,360	$	59,013
Related party revenue:
Management fees and interest income from loans		1,433		1,473
Other		20		21
Total revenues		59,813		60,507
Expenses:
Real estate operating expenses		15,292		15,356
Real estate taxes and insurance		9,150		10,048
Depreciation and amortization		22,445		22,672
Selling, general and administrative		3,530		3,691
Interest		6,433		6,187
Total expenses		56,850		57,954

Income before interest income, equity in losses of non-consolidated REITs, gain on sale of properties and taxes on income		2,963		2,553
Interest income		—		1
Equity in losses of non-consolidated REITs		(286)		(322)
Gain on sale of properties, less applicable income tax		—		10,462

Income before taxes on income		2,677		12,694
Taxes on income		98		161

Net income	$	2,579	$	12,533

Weighted average number of shares outstanding, basic and diluted		100,187		100,187

Net income per share, basic and diluted	$	0.03	$	0.13

The accompanying notes are an integral part of these condensed consolidated financial statements.

Table of Contents

Franklin Street Properties Corp.

Condensed Consolidated Statements of Other Comprehensive Income (Loss)

(Unaudited)


	For the
	Three Months Ended
	March 31,
(in thousands)	2016		2015

Net income	$	2,579	$	12,533

Other comprehensive loss:
Unrealized loss on derivative financial instruments		(6,115)		(4,814)

Total other comprehensive loss		(6,115)		(4,814)

Comprehensive income (loss)	$	(3,536)	$	7,719

The accompanying notes are an integral part of these condensed consolidated financial statements.

Table of Contents

Franklin Street Properties Corp.

Condensed Consolidated Statements of Cash Flows

(Unaudited)


	For the Three Months Ended March 31,
(in thousands)	2016		2015
Cash flows from operating activities:
Net income	$	2,579	$	12,533
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense		22,962		23,189
Amortization of above market lease		81		6
Gain on sale of properties, less applicable income tax		—		(10,462)
Equity in losses of non-consolidated REITs		286		322
Changes in operating assets and liabilities:
Restricted cash		13		686
Tenant rent receivables		(793)		146
Straight-line rents		(1,275)		(69)
Lease acquisition costs		(199)		(3)
Prepaid expenses and other assets		(791)		283
Accounts payable, accrued expenses and other items		(10,374)		(7,706)
Accrued compensation		(2,452)		(2,517)
Tenant security deposits		(396)		(230)
Payment of deferred leasing commissions		(1,825)		(1,116)
Net cash provided by operating activities		7,816		15,062
Cash flows from investing activities:
Property improvements, fixtures and equipment		(6,699)		(4,298)
Office computers and furniture		(21)		—
Distributions in excess of earnings from non-consolidated REITs		27		27
Repayment of related party mortgage receivable		39,066		—
Proceeds received on sales of real estate assets		—		47,671
Changes in deposits on real estate assets		—		(4,000)
Net cash provided by investing activities		32,373		39,400
Cash flows from financing activities:
Distributions to stockholders		(19,036)		(19,036)
Borrowings under bank note payable		15,000		20,000
Repayments of bank note payable		(40,000)		(48,000)
Net cash used in financing activities		(44,036)		(47,036)
Net increase (decrease) in cash and cash equivalents		(3,847)		7,426

Cash and cash equivalents, beginning of year		18,163		7,519
Cash and cash equivalents, end of period	$	14,316	$	14,945

Non-cash investing and financing activities:
Accrued costs for purchases of real estate assets	$	1,887	$	2,998

The accompanying notes are an integral part of these condensed consolidated financial statements.

Table of Contents

Franklin Street Properties Corp.
Notes to Condensed Consolidated Financial Statements
(Unaudited)

1. Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards

Organization

Franklin Street Properties Corp. (“FSP Corp.” or the “Company”), holds, directly and indirectly, 100% of the interest in FSP Investments LLC, FSP Property Management LLC, FSP Holdings LLC and FSP Protective TRS Corp. FSP Property Management LLC provides asset management and property management services. The Company also has a non-controlling common stock interest in eight corporations organized to operate as real estate investment trusts (“REIT”) and a non-controlling preferred stock interest in two of those REITs. Collectively, the eight REITs are referred to as the “Sponsored REITs”.

As of March 31, 2016, the Company owned and operated a portfolio of real estate consisting of 35 operating properties, one property that is in redevelopment, eight managed Sponsored REITs and held five promissory notes secured by mortgages on real estate owned by Sponsored REITs, including two mortgage loans and three revolving lines of credit. From time-to-time, the Company may acquire, develop or redevelop real estate, make additional secured loans or acquire a Sponsored REIT. The Company may also pursue, on a selective basis, the sale of its properties in order to take advantage of the value creation and demand for its properties, or for geographic or property specific reasons.

Properties

The following table summarizes the Company’s number of operating properties and rentable square feet of real estate. In January 2016, the Company classified one property as a redeveopment, which is excluded as of March 31, 2016.


	As of March 31,
	2016	2015
Commercial real estate:
Number of properties	35	36
Rentable square feet	9,325,249	9,310,131

Basis of Presentation

The unaudited condensed consolidated financial statements of the Company include all the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated. These financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for its fiscal year ended December 31, 2015, as filed with the Securities and Exchange Commission.

The accompanying interim financial statements are unaudited; however, the financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and in conjunction with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the disclosures required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting solely of normal recurring matters) necessary for a fair presentation of the financial statements for these interim periods have been included. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ended December 31, 2016 or for any other period.

Financial Instruments

Table of Contents

fair values based on their short-term maturity and the bank note and term loans payable approximate their fair values as they bear interest at variable interest rates.

Recent Accounting Standards

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which provides guidance for revenue recognition. The standard’s core principle is that a company will recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which a company expects to be entitled in exchange for those goods or services. This update is effective for interim and annual reporting periods beginning after December 15, 2017. The Company is currently in the process of evaluating the impact the adoption of this ASU will have on the condensed consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This update requires an entity to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the financial statements are available to be issued when applicable) and to provide related footnote disclosures in certain circumstances. This update is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter with early adoption permitted. The implementation of this update is not expected to cause any significant changes to the condensed consolidated financial statements.

In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 was effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments in ASU 2015-02 using: (a) a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption; or (b) by applying the amendments retrospectively. ASU 2015-02 was adopted on January 1, 2016. The implementation of this update did not cause any material changes to the consolidated financial statements for any period.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), (“ASU 2016-02). ASU 2016-02 requires lessees to put most leases on their balance sheets but recognize expenses on their income statements in a manner similar to today’s accounting. The guidance also eliminates today’s real estate-specific provisions for all entities. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. This new standard is effective for annual periods beginning after 15 December 2018, and interim periods thereafter with early adoption is permitted The Company is currently in the process of evaluating the impact the adoption of this ASU will have on the condensed consolidated financial statements.

Reclassifications

Certain amounts from the 2015 financial statements have been reclassified to conform to the 2016 presentation. The reclassifications were related primarily to conform to ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. This new standard was effective for interim and annual reporting periods beginning after December 15, 2015 and requires retrospective application. Approximately $2.4 million of debt issuance costs were reclassified from other assets to contra term loans on the balance sheet at December 31, 2015. There was no change to net income for any period presented as a result of these reclassifications.

Table of Contents

2. Related Party Transactions and Investments in Non-Consolidated Entities

Investment in Sponsored REITs:

At March 31, 2016 and December 31, 2015, the Company held a common stock interest in eight and nine Sponsored REITs, respectively. The Company holds a non-controlling preferred stock investment in two of these Sponsored REITs, FSP 303 East Wacker Drive Corp. (“East Wacker”) and FSP Grand Boulevard Corp. (“Grand Boulevard”), from which it continues to derive economic benefits and risks.

During the year ended December 31, 2015, a property owned by a Sponsored REIT was sold and, thereafter, liquidating distributions to its preferred shareholders were declared and issued.

During the three months ended March 31, 2016, a property owned by a Sponsored REIT, FSP 385 Interlocken Development Corp. (“385 Interlocken”), was sold and, thereafter, liquidating distributions to its preferred shareholders were declared and issued. The Company had previously made a secured construction loan to 385 Interlocken, which loan in the outstanding principal amount of $37,541,000 was repaid in its entirety from the proceeds of the sale.

Equity in losses of investment in non-consolidated REITs:

The following table includes equity in losses of investments in non-consolidated REITs


	Three Months Ended March 31,
(in thousands)	2016		2015

Equity in losses of East Wacker		257		285
Equity in losses of Grand Boulevard		29		37
	$	286	$	322

Equity in losses of investments in non-consolidated REITs is derived from the Company’s share of income or loss in the operations of those entities. The Company exercises influence over, but does not control these entities, and investments are accounted for using the equity method.

Equity in losses of East Wacker is derived from the Company’s preferred stock investment in the entity. In December 2007, the Company purchased 965.75 preferred shares or 43.7% of the outstanding preferred shares of East Wacker for $82,813,000 (which represented $96,575,000 at the offering price net of commissions of $7,726,000, loan fees of $5,553,000 and acquisition fees of $483,000 that were excluded).

Equity in losses of Grand Boulevard is derived from the Company’s preferred stock investment in the entity. In May 2009, the Company purchased 175.5 preferred shares or 27.0% of the outstanding preferred shares of Grand Boulevard for $15,049,000 (which represented $17,550,000 at the offering price net of commissions of $1,404,000, loan fees of $1,009,000 and acquisition fees of $88,000 that were excluded).

The Company recorded distributions of $27,000 from non-consolidated REITs during the three months ended March 31, 2016 and 2015.

Management fees and interest income from loans:

Asset management fees range from 1% to 5% of collected rents and the applicable contracts are cancelable with 30 days notice. Asset management fee income from non-consolidated entities amounted to approximately $154,000 and $211,000 for the three months ended March 31, 2016 and 2015, respectively.

Table of Contents

based on current information and events, it is probable that the Company will be unable to collect all amounts recorded on the balance sheet. The Company applies normal loan review and underwriting procedures (as may be implemented or modified from time to time) in making that judgment. None of the Sponsored REIT loans have been impaired.

The Company anticipates that each Sponsored REIT Loan will be repaid at maturity or earlier from long term financings of the underlying properties, cash flows from the underlying properties or some other capital event. Each Sponsored REIT Loan is secured by a mortgage on the underlying property and has a term of approximately one to three years. Except for two mortgage loans which bear interest at a fixed rate, advances under each Sponsored REIT Loan bear interest at a rate equal to the 30-day LIBOR rate plus an agreed upon amount of basis points and advances also require a 50 basis point draw fee.

The following is a summary of the Sponsored REIT Loans outstanding as of March 31, 2016:


			Maximum		Amount							Interest
(dollars in thousands)		Maturity	Amount		Drawn at		Interest			Draw		Rate at
Sponsored REIT	Location	Date	of Loan		31-Mar-16		Rate (1)			Fee (2)		31-Mar-16

Secured revolving lines of credit
FSP Satellite Place Corp.	Duluth, GA	31-Mar-17	$	5,500	$	3,975	L+	4.4	%	0.5	%	4.84	%
FSP 1441 Main Street Corp. (3)	Columbia, SC	31-Mar-17		10,800		9,000	L+	4.4	%	0.5	%	4.84	%
FSP Energy Tower I Corp.	Houston, TX	30-Jun-17		20,000		12,600	L+	5.0	%	0.5	%	5.44	%

Mortgage loan secured by property
FSP Monument Circle LLC (4)	Indianapolis, IN	7-Dec-18		21,000		21,000		4.90	%	n/a		4.90	%
FSP Energy Tower I Corp. (5)	Houston, TX	30-Jun-17		33,000		33,000		6.41	%	n/a		6.41	%

			$	90,300	$	79,575

(1)

The interest rate is 30-day LIBOR rate plus the additional rate indicated, otherwise a fixed rate.

(2)

The draw fee is a percentage of each new advance, and is paid at the time of each new draw.

(3)

This revolving line of credit was extended on March 25, 2016.

(4)

This mortgage loan includes an origination fee of $164,000 and an exit fee of $38,000 when repaid by the borrower.

(5)

This mortgage loan includes an annual extension fee of $108,900 paid by the borrower.

The Company recognized interest income and fees from the Sponsored REIT Loans of approximately $1,279,000 and $1,262,000 for the three months ended March 31, 2016 and 2015, respectively.

Non-consolidated REITs:

The balance sheet data below for 2016 and 2015 includes the 8 and 9 Sponsored REITs the Company held an interest in as of March 31, 2016 and December 31, 2015, respectively. The operating data below for 2016 and 2015 include the operations of the 9 and 10 Sponsored REITs in which the Company held an interest in during the three months ended March 31, 2016 and 2015, respectively.

Table of Contents

Summarized financial information for these Sponsored REITs is as follows:


	March 31,		December 31,
(in thousands)	2016		2015

Balance Sheet Data (unaudited):
Real estate, net	$	359,005	$	418,959
Other assets		87,374		101,734
Total liabilities		(159,832)		(203,628)
Shareholders’ equity	$	286,547	$	317,065


	For the Three Months Ended
	March 31,
(in thousands)	2016		2015

Operating Data (unaudited):
Rental revenues	$	13,415	$	13,900
Other revenues		10		2
Operating and maintenance expenses		(7,576)		(8,235)
Depreciation and amortization		(4,510)		(4,975)
Interest expense		(2,197)		(2,457)
Gain on sale, less applicable income tax		19,748		—
Net income (loss)	$	18,890	$	(1,765)

3. Bank Note Payable and Term Note Payable

BMO Term Loan

On October 29, 2014, the Company entered into an Amended and Restated Credit Agreement (the “BMO Credit Agreement”) with the lending institutions referenced in the BMO Credit Agreement and Bank of Montreal, as administrative agent, that amended and restated the Credit Agreement dated as of August 26, 2013 (the “Original BMO Credit Agreement”) between the Company and the lending institutions referenced in the Original BMO Credit Agreement and Bank of Montreal, as administrative agent, and provides for a single, unsecured term loan borrowing in the amount of $220,000,000 (the “BMO Term Loan”). On August 26, 2013, the Company drew down the entire $220,000,000 under the BMO Term Loan, which remains fully advanced and outstanding under the BMO Credit Agreement. The BMO Term Loan matures on August 26, 2020. The BMO Credit Agreement also includes an accordion feature that allows up to $50,000,000 of additional loans, subject to receipt of lender commitments and satisfaction of certain customary conditions.

The BMO Term Loan bears interest at either (i) a number of basis points over LIBOR depending on the Company’s credit rating (165 basis points over LIBOR at March 31, 2016) or (ii) a number of basis points over the base rate depending on the Company’s credit rating (65 basis points over the base rate at March 31, 2016).

Although the interest rate on the BMO Term Loan is variable, the Company is permitted to hedge the base LIBOR interest rate by entering into an interest rate swap agreement. On August 26, 2013, the Company entered into an ISDA Master Agreement with Bank of Montreal that fixed the base LIBOR interest rate on the BMO Term Loan at 2.32% per annum for seven years, until the August 26, 2020 maturity date. Accordingly, based upon the Company’s credit rating, as of March 31, 2016, the effective interest rate on the BMO Term Loan was 3.97% per annum.

The BMO Credit Agreement contains customary affirmative and negative covenants for credit facilities of this type. The BMO Credit Agreement also contains financial covenants that require the Company to maintain a minimum tangible net worth, a maximum leverage ratio, a maximum secured leverage ratio, a minimum fixed charge coverage ratio, a maximum unencumbered leverage ratio, minimum unsecured interest coverage and a maximum ratio of certain investments to total assets. The Company was in compliance with the BMO Term Loan financial covenants as of March 31, 2016.

Table of Contents

The Company may use the proceeds of the loans under the BMO Credit Agreement to finance the acquisition of real properties and for other permitted investments; to finance investments associated with Sponsored REITs, to refinance or retire indebtedness and for working capital and other general business purposes, in each case to the extent permitted under the BMO Credit Agreement.

BAML Credit Facility

On October 29, 2014, the Company entered into a Second Amended and Restated Credit Agreement (the “BAML Credit Agreement”) with the lending institutions referenced in the BAML Credit Agreement and those lenders from time to time party thereto and Bank of America, N.A., as administrative agent, L/C Issuer and Swing Line Lender (the “BAML Credit Facility”) that continued an existing unsecured credit facility comprised of both a revolving line of credit (the “BAML Revolver) and a term loan (the “BAML Term Loan”).

BAML Revolver Highlights

The BAML Revolver is for borrowings, at the Company’s election, of up to $500,000,000. Borrowings made pursuant to the BAML Revolver may be revolving loans, swing line loans or letters of credit, the combined sum of which may not exceed $500,000,000 outstanding at any time.

Borrowings made pursuant to the BAML Revolver may be borrowed, repaid and reborrowed from time to time until the initial maturity date of October 29, 2018. The Company has the right to extend the initial maturity date of the BAML Revolver by an additional 12 months, or until October 29, 2019, upon payment of a fee and satisfaction of certain customary conditions.

The BAML Revolver includes an accordion feature that allows for up to $250,000,000 of additional borrowing capacity subject to receipt of lender commitments and satisfaction of certain customary conditions.

As of March 31, 2016, there were borrowings of $265,000,000 outstanding under the BAML Revolver. The BAML Revolver bears interest at either (i) a margin over LIBOR depending on the Company’s credit rating (1.25% over LIBOR at March 31, 2016) or (ii) a margin over the base rate depending on the Company’s credit rating (0.25% over the base rate at March 31, 2016). The BAML Credit Facility also obligates the Company to pay an annual facility fee in an amount that is also based on the Company’s credit rating (0.25% at March 31, 2016). The facility fee is assessed against the total amount of the BAML Revolver, or $500,000,000.

Based upon the Company’s credit rating, as of March 31, 2016, the weighted average interest rate on the BAML Revolver was 1.69% per annum and there were borrowings of $265,000,000 outstanding. As of December 31, 2015, the weighted average interest rate on the BAML Revolver was 1.54% per annum and there were borrowings of $290,000,000 outstanding. The weighted average interest rate on all amounts outstanding on the BAML Revolver during the three months ended March 31, 2016 was approximately 1.67% per annum. The weighted average interest rate on all amounts outstanding on the BAML Revolver during the year ended December 31, 2015 was approximately 1.44% per annum.

BAML Term Loan Highlights

The BAML Term Loan is for $400,000,000.

The BAML Term Loan matures on September 27, 2017.

On September 27, 2012, the Company drew down the entire $400,000,000 and such amount remains fully advanced and outstanding under the BAML Credit Agreement.

The BAML Term Loan bears interest at either (i) a margin over LIBOR depending on the Company’s credit rating (1.45% over LIBOR at March 31, 2016) or (ii) a margin over the base rate depending on the Company’s credit rating (0.45% over the base rate at March 31, 2016). The actual margin over LIBOR rate or base rate is determined based on the Company’s credit rating.

Table of Contents

Although the interest rate on the BAML Credit Facility is variable, the Company fixed the base LIBOR interest rate on the BAML Term Loan by entering into an interest rate swap agreement. On September 27, 2012, the Company entered into an ISDA Master Agreement with Bank of America, N.A. that fixed the base LIBOR interest rate on the BAML Term Loan at 0.75% per annum for five years, until the September 27, 2017 maturity date. Accordingly, based upon the Company’s credit rating, as of March 31, 2016, the effective interest rate on the BAML Term Loan was 2.20% per annum.

BAML Credit Facility General Information

The BAML Credit Agreement contains customary affirmative and negative covenants for credit facilities of this type. The BAML Credit Agreement also contains financial covenants that require the Company to maintain a minimum tangible net worth, a maximum leverage ratio, a maximum secured leverage ratio, a minimum fixed charge coverage ratio, a maximum unencumbered leverage ratio, minimum unsecured interest coverage and a maximum ratio of certain investments to total assets. The Company was in compliance with the BAML Credit Facility financial covenants as of March 31, 2016.

The Company may use the proceeds of the loans under the BAML Credit Agreement to finance the acquisition of real properties and for other permitted investments; to finance investments associated with Sponsored REITs, to refinance or retire indebtedness and for working capital and other general business purposes, in each case to the extent permitted under the BAML Credit Agreement.

4. Financial Instruments: Derivatives and Hedging

On August 26, 2013, the Company fixed the interest rate for seven years on the BMO Credit Agreement with an interest rate swap agreement (the “BMO Interest Rate Swap”) and on September 27, 2012, the Company fixed the interest rate for five years on the BAML Term Loan with an interest rate swap agreement (the “BAML Interest Rate Swap”). The variable rates that were fixed under the BMO Interest Rate Swap and the BAML Interest Rate Swap are described in Note 3.

The BMO Interest Rate Swap and the BAML Interest Rate Swap qualify as cash flow hedges and have been recognized on the consolidated balance sheet at fair value. If a derivative qualifies as a hedge, depending on the nature of the hedge, changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset, liability, or firm commitment through earnings, or recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of a derivative’s change in fair value will be immediately recognized in earnings, which may increase or decrease reported net income and stockholders’ equity prospectively, depending on future levels of interest rates and other variables affecting the fair values of derivative instruments and hedged items, but will have no effect on cash flows.

The following table summarizes the notional and fair value of our derivative financial instruments at March 31, 2016. The notional value is an indication of the extent of our involvement in these instruments at that time, but does not represent exposure to credit, interest rate or market risks.


	Notional		Strike		Effective	Expiration	Fair
(in thousands)	Value		Rate		Date	Date	Value

BMO Interest Rate Swap	$	220,000	2.32	%	Aug-13	Aug-20	$	(12,498)
BAML Interest Rate Swap	$	400,000	0.75	%	Sep-12	Sep-17	$	(728)

On March 31, 2016, the BMO Interest Rate Swap was reported as a liability at its fair value of approximately $12.5 million and the BAML Interest Rate Swap was reported as a liability at its fair value of approximately $0.7 million. These are included in other liabilities: derivative liability on the condensed consolidated balance sheet at March 31, 2016. Offsetting adjustments are reported as unrealized gains or losses on derivative financial instruments in accumulated other comprehensive income of $6.1 million. During the three months ended March 31, 2016, $1.4 million was reclassified out of other comprehensive income and into interest expense.

Table of Contents

The Company estimates that approximately $3.3 million of the current balance held in accumulated other comprehensive income will be reclassified into earnings within the next 12 months.

The Company is hedging the exposure to variability in anticipated future interest payments on existing debt.

The fair value of the Company’s derivative instruments are determined using the net discounted cash flows of the expected cash flows of the derivative based on the market based interest rate curve and are adjusted to reflect credit or nonperformance risk. The risk is estimated by the Company using credit spreads and risk premiums that are observable in the market. These financial instruments were classified within Level 2 of the fair value hierarchy and were classified as an asset or liability on the condensed consolidated balance sheets.

5. Net Income Per Share

Basic net income per share is computed by dividing net income by the weighted average number of Company shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue shares were exercised or converted into shares. There were no potential dilutive shares outstanding at March 31, 2016 and 2015, respectively.

6. Stockholders’ Equity

As of March 31, 2016, the Company had 100,187,405 shares of common stock outstanding. The Company declared and paid dividends as follows (in thousands, except per share amounts):


	Dividends Per		Total
Quarter Paid	Share		Dividends

First quarter of 2016	$	0.19	$	19,036

First quarter of 2015	$	0.19	$	19,036

7. Income Taxes

General

The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”). As a REIT, the Company generally is entitled to a tax deduction for distributions paid to its shareholders, thereby effectively subjecting the distributed net income of the Company to taxation at the shareholder level only. The Company must comply with a variety of restrictions to maintain its status as a REIT. These restrictions include the type of income it can earn, the type of assets it can hold, the number of shareholders it can have and the concentration of their ownership, and the amount of the Company’s taxable income that must be distributed annually.

One such restriction is that the Company generally cannot own more than 10% of the voting power or value of the securities of any one issuer unless the issuer is itself a REIT or a taxable REIT subsidiary (“TRS”). In the case of TRSs, the Company’s ownership of securities in all TRSs generally cannot exceed 25% of the value of all of the Company’s assets and, when considered together with other non-real estate assets, cannot exceed 25% of the value of all of the Company’s assets. FSP Investments and FSP Protective TRS Corp. are the Company’s taxable REIT subsidiaries operating as taxable corporations under the Code.

Income taxes are recorded based on the future tax effects of the difference between the tax and financial reporting bases of the Company’s assets and liabilities. In estimating future tax consequences, potential future events are considered except for potential changes in income tax law or in rates.

Table of Contents

The Company adopted an accounting pronouncement related to uncertainty in income taxes effective January 1, 2007, which did not result in recording a liability, nor was any accrued interest and penalties recognized with the adoption. Accrued interest and penalties will be recorded as income tax expense, if the Company records a liability in the future. The Company’s effective tax rate was not affected by the adoption. The Company and one or more of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. The statute of limitations for the Company’s income tax returns is generally three years and as such, the Company’s returns that remain subject to examination would be primarily from 2012 and thereafter.

The Company is subject to a business tax known as the Revised Texas Franchise Tax. Some of the Company’s leases allow reimbursement by tenants for these amounts because the Revised Texas Franchise Tax replaces a portion of the property tax for school districts. Because the tax base on the Revised Texas Franchise Tax is derived from an income based measure, it is considered an income tax. The Company recorded a provision for the Revised Texas Franchise Tax of $87,000 and $159,000 for the three months ended March 31, 2016 and 2015, respectively.

Net operating losses

Section 382 of the Code restricts a corporation’s ability to use net operating losses (“NOLs”) to offset future taxable income following certain “ownership changes.” Such ownership changes occurred with past mergers and accordingly a portion of the NOLs incurred by the Sponsored REITs available for use by the Company in any particular future taxable year will be limited. To the extent that the Company does not utilize the full amount of the annual NOLs limit, the unused amount may be carried forward to offset taxable income in future years. NOLs expire 20 years after the year in which they arise, and the last of the Company’s NOLs will expire in 2027. A valuation allowance is provided for the full amount of the NOLs as the realization of any tax benefits from such NOLs is not assured. The gross amount of NOLs available to the Company was $13,041,000 as of each of March 31, 2016 and December 31, 2015.

Income Tax Expense

The income tax expense reflected in the condensed consolidated statements of income relates primarily to a franchise tax on our Texas properties. FSP Protective TRS Corp. provides taxable services to tenants at some of the Company’s properties and the tax expenses associated with these activities are reported as Other Taxes in the table below:


	For the Three Months Ended March 31,
(Dollars in thousands)	2016		2015

Revised Texas franchise tax	$	87	$	159
Other Taxes		11		2
Taxes on income	$	98	$	161

Taxes on income are a current tax expense. No deferred income taxes were provided as there were no material temporary differences between the financial reporting basis and the tax basis of the TRSs.

8. Dispositions of properties

The Company sold an office property located in Plano, Texas on February 23, 2015 at a $1.5 million gain, an office property located in Eden Prairie, Minnesota on March 31, 2015 at a $9.0 million gain, an office property located in Charlotte, North Carolina on May 13, 2015 at a $0.9 million gain and an office property located in San Jose, California on December 9, 2015 at a $12.3 million gain. During the three months ended March 31, 2016, the Company reached an agreement to sell an office property located in Maryland Heights, Missouri. The property was classified as an asset held for sale at March 31, 2016 and was sold on April 5, 2016 at approximately a $4.1 million gain. The disposal of the properties does not represent a strategic shift that has a major effect on the Company's operations and financial results. Accordingly, the properties remain classified within continuing operations for all periods presented.

Table of Contents

9. Subsequent Events

On April 8, 2016, the Board of Directors of the Company declared a cash distribution of $0.19 per share of common stock payable on May 12, 2016 to stockholders of record on April 22, 2016.

Table of Contents

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion should be read in conjunction with the financial statements and notes thereto appearing elsewhere in this report and in our Annual Report on Form 10-K for the year ended December 31, 2015. Historical results and percentage relationships set forth in the condensed consolidated financial statements, including trends which might appear, should not be taken as necessarily indicative of future operations. The following discussion and other parts of this Quarterly Report on Form 10-Q may also contain forward-looking statements based on current judgments and current knowledge of management, which are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. Investors are cautioned that our forward-looking statements involve risks and uncertainty, including without limitation, economic conditions in the United States, disruptions in the debt markets, economic conditions in the markets in which we own properties, risks of a lessening of demand for the types of real estate owned by us, uncertainties relating to fiscal policy, changes in government regulations and regulatory uncertainty, geopolitical events, and expenditures that cannot be anticipated such as utility rate and usage increases, unanticipated repairs, additional staffing, insurance increases and real estate tax valuation reassessments. See Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2015 and Part II, Item 1A. “Risk Factors” below. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. We may not update any of the forward-looking statements after the date this Quarterly Report on Form 10-Q is filed to conform them to actual results or to changes in our expectations that occur after such date, other than as required by law.

Overview

FSP Corp., or we or the Company, operates in the real estate operations segment. The real estate operations segment involves real estate rental operations, leasing, secured financing of real estate and services provided for asset management, property management, property acquisitions, dispositions and development. Our current strategy is to invest in select urban infill and central business district properties, with primary emphasis on our top five markets of Atlanta, Dallas, Denver, Houston and Minneapolis. We believe that our top five markets have macro-economic drivers that have the potential to increase occupancies and rents. We will also monitor San Diego, Silicon Valley, Greater Boston and Greater Washington, DC, as well as other markets, for opportunistic investments. FSP Corp. seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.

Approximately 6.6 million square feet, or approximately 70% of our total owned portfolio, is located in our top five markets. We are continuing our initiative to dispose of our smaller, suburban office assets and to replace them with larger urban infill and central business district office assets located primarily in our top five markets. As we execute this strategy, short term operating results could be adversely impacted. However, once complete, we believe that the transformed portfolio has the potential to provide higher profit and asset value growth over a longer period of time.

The main factor that affects our real estate operations is the broad economic market conditions in the United States. These market conditions affect the occupancy levels and the rent levels on both a national and local level. We have no influence on broader economic/market conditions. We look to acquire and/or develop quality properties in good locations in order to lessen the impact of downturns in the market and to take advantage of upturns when they occur.

Critical Accounting Policies

We have certain critical accounting policies that are subject to judgments and estimates by our management and uncertainties of outcome that affect the application of these policies. We base our estimates on historical experience and on various other assumptions we believe to be reasonable under the circumstances. On an on-going basis, we evaluate our estimates. In the event estimates or assumptions prove to be different from actual results, adjustments are made in subsequent periods to reflect more current information. The accounting policies that we believe are most critical to the understanding of our financial position and results of operations, and that require significant management estimates and judgments, are discussed in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2015.

Table of Contents

Critical accounting policies are those that have the most impact on the reporting of our financial condition and results of operations and those requiring significant judgments and estimates. We believe that our judgments and assessments are consistently applied and produce financial information that fairly presents our results of operations. No changes to our critical accounting policies have occurred since the filing of our Annual Report on Form 10-K for the year ended December 31, 2015.

Recent Accounting Standards

In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements — Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This update requires an entity to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the financial statements are available to be issued when applicable) and to provide related footnote disclosures in certain circumstances. This update is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter with early adoption permitted. The implementation of this update is not expected to cause any significant changes to the condensed consolidated financial statements.

In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments in ASU 2015-02 using: (a) a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption; or (b) by applying the amendments retrospectively. ASU 2015-02 was adopted on January 1, 2016. The implementation of this update did not cause any material changes to the consolidated financial statements for any period.

Trends and Uncertainties

Economic Conditions

The economy in the United States is continuing to experience a period of slow economic growth, with continued declining unemployment rates, which directly affects the demand for office space, our primary income producing asset. The broad economic market conditions in the United States are affected by numerous factors, including but not limited to, inflation and employment levels, energy prices, the pace of economic growth and/or recessionary concerns, uncertainty about government fiscal and tax policy, changes in currency exchange rates, geopolitical events, the regulatory environment, the availability of credit and interest rates. In addition, the Federal Reserve Bank has indicated that it anticipates raising interest rates further in 2016. Any increase in interest rates could result in increased borrowing costs to us. However, we could also benefit from

Table of Contents

any further improved economic fundamentals and increasing levels of employment. We believe that the economy is in a cyclically-slower but prolonged broad-based upswing. However, future economic factors may negatively affect real estate values, occupancy levels and property income.

Real Estate Operations

Leasing

Our real estate portfolio was approximately 90.2% leased as of March 31, 2016, a decrease from 91.6% as of December 31, 2015. The 1.4% decrease in leased space was a result of lease expirations and terminations during 2016 that were not leased at March 31, 2016. As of March 31, 2016, we had 917,000 square feet of vacancy in our portfolio compared to 800,000 square feet of vacancy at December 31, 2015. During the three months ended March 31, 2016, we leased approximately 178,000 square feet of office space, of which approximately 133,000 square feet were with existing tenants, at a weighted average term of 6.6 years. On average, tenant improvements for such leases were $13.47 per square foot, lease commissions were $10.75 per square foot and rent concessions were approximately three months of free rent. Average GAAP base rents under such leases were $28.69 per square foot, or 3.3% higher than average rents in the respective properties as applicable compared to the year ended December 31, 2015.

In January 2016, our property at 801 Marquette Avenue in Minneapolis, Minnesota, with approximately 170,000 square feet of space, became vacant and we are redeveloping the property. After extensive costing analysis with our potential development partners and outside professionals, we have decided to redevelop the existing building ourselves, rather than raze it and build a new, mixed use tower with outside development partners.

As of March 31, 2016, leases for approximately 6.3% and 10.9% of the square footage in our portfolio are scheduled to expire during 2016 and 2017, respectively. As the second quarter of 2016 begins, we believe that our property portfolio is well stabilized, with a balanced lease expiration schedule, and that existing vacancy is being actively marketed to numerous potential tenants. We believe that most of our largest property markets are now experiencing generally steady or improving rental conditions. We anticipate continued positive leasing activity within the portfolio during 2016.

While we cannot generally predict when an existing vacancy in our real estate portfolio will be leased or if existing tenants with expiring leases will renew their leases or what the terms and conditions of the lease renewals will be, we expect to renew or sign new leases at then-current market rates for locations in which the buildings are located, which could be above or below the expiring rates. Also, even as the economy recovers, we believe the potential for any of our tenants to default on its lease or to seek the protection of bankruptcy still exists. If any of our tenants defaults on its lease, we may experience delays in enforcing our rights as a landlord and may incur substantial costs in protecting our investment. In addition, at any time, a tenant of one of our properties may seek the protection of bankruptcy laws, which could result in the rejection and termination of such tenant’s lease and thereby cause a reduction in cash available for distribution to our stockholders.

Real Estate Acquisition and Investment Activity

During 2016:

on January 19, we received approximately $37.5 million from FSP 385 Interlocken Development Corp. as repayment in full of a Sponsored REIT Loan;

on March 31, we received approximately $1.5 million from FSP Satellite Place Corp., as partial prepayment of a Sponsored REIT Loan; and

additional potential real estate investment opportunities are actively being explored and we would anticipate further real estate investments in the future.

During 2015:

we funded advances on Sponsored REIT Loans for revolving lines of credit in the aggregate amount of approximately $4.0 million;

on April 8, we acquired an office property with approximately 442,130 rentable square feet of space for $78.0 million located in the Central Perimeter Submarket of Atlanta, Georgia: and

Table of Contents

on December 7, we funded a Sponsored REIT Loan consisting of a mortgage loan secured by a property of approximately $21.0 million.

Dispositions of Properties

On April 5, 2016, we sold an office property located in Maryland Heights, Missouri at approximately a $4.1 million gain. The property is classified as an asset held for sale as of March 31, 2016. During 2015, we sold an office property located in Plano, Texas on February 23, 2015 at a $1.5 million gain, an office property located in Eden Prairie, Minnesota on March 31, 2015 at a $9.0 million gain, an office property located in Charlotte, North Carolina on May 13, 2015 at a $0.9 million gain and an office property located in San Jose, California on December 9, 2015 at a $12.3 million gain.

We will continue to evaluate our portfolio, and in the future may decide to dispose of additional properties from time-to-time in the ordinary course of business. We believe that the current property sales environment continues to improve in many markets relative to both liquidity and pricing. We believe that both improving office property fundamentals as well as attractive financing availability will likely be required to continue improvement in the marketplace for potential property dispositions. As an important part of our total return strategy, we intend to be active in property dispositions when we believe that market conditions warrant such activity and, as a consequence, we continuously review and evaluate our portfolio of properties for potentially advantageous dispositions.

Results of Operations

The following table shows results for the three months ended March 31, 2016 and 2015:


	Three months ended March 31,
(in thousands)	2016		2015		Change
Revenues:
Rental	$	58,360	$	59,013	$	(653)
Related party revenue:
Management fees and interest income from loans		1,433		1,473		(40)
Other		20		21		(1)
Total revenues		59,813		60,507		(694)
Expenses:
Real estate operating expenses		15,292		15,356		(64)
Real estate taxes and insurance		9,150		10,048		(898)
Depreciation and amortization		22,445		22,672		(227)
Selling, general and administrative		3,530		3,691		(161)
Interest		6,433		6,187		246
Total expenses		56,850		57,954		(1,104)

Income before interest income, equity in losses, gain on sale of properties and taxes on income		2,963		2,553		410
Interest income		—		1		(1)
Equity in losses of non-consolidated REITs		(286)		(322)		36
Gain on sale of properties, less applicable income tax		—		10,462		(10,462)

Income before taxes on income		2,677		12,694		(10,017)
Taxes on income		98		161		(63)

Net income	$	2,579	$	12,533	$	(9,954)

Table of Contents

Comparison of the three months ended March 31, 2016 to the three months ended March 31, 2015:

Revenues

Total revenues decreased by $0.7 million to $59.8 million for the quarter ended March 31, 2016, as compared to the quarter ended March 31, 2015. The increase was primarily a result of:

A decrease in rental revenue of approximately $0.7 million arising primarily from the loss of revenue from the disposition of four properties and lower recoverable income in the first quarter of 2016 compared to the first quarter of 2015. We sold a property on each of February 23, 2015, March 31, 2015, May 13, 2015 and December 9, 2015. These decreases were partially offset by rental revenue for a property we acquired on April 8, 2015. In addition, our leased space decreased slightly to 90.2% at March 31, 2016 compared to 90.4% at March 31, 2015.

Expenses

Total expenses decreased by $1.1 million to $56.8 million for the quarter ended March 31, 2016, as compared to the quarter ended March 31, 2015. The increase was primarily a result of:

A decrease in real estate operating expenses and real estate taxes and insurance of approximately $0.9 million, which was attributable to the disposition of four properties in the last twelve months and was partially offset by the acquisition of a property we acquired on April 8, 2015.

An decrease in depreciation and amortization of $0.2 million, which was attributable to the disposition of four properties in the last twelve months and was partially offset by the acquisition of a property we acquired on April 8, 2015.

A decrease to selling, general and administrative expenses of approximately $0.2 million as a result of lower professional fees during the three months ended March 31, 2016 compared to the three months ended March 31, 2015.

These decreases were partially offset by:

An increase to interest expense of approximately $0.2 million to $6.4 million for the three months ended March 31, 2016 compared to the same period in 2015. The increase was primarily attributable to higher interest rates during the three months ended March 31, 2016 compared to the same period in 2015.

Equity in losses of non-consolidated REITs

Equity in losses from non-consolidated REITs decreased approximately $36,000 to a loss of $0.3 million during the three months ended March 31, 2016 compared to the same period in 2015. The decrease was primarily because equity in loss from our preferred stock investment in a Sponsored REIT, FSP 303 East Wacker Drive Corp., which we refer to as East Wacker, decreased $28,000 during the three months ended March 31, 2016 compared to the same period in 2015.

Taxes on income

Included in income taxes is the Revised Texas Franchise Tax, which is a tax on revenues from Texas properties that decreased $72,000 and federal and other income taxes that increased $9,000 for the three months ended March 31, 2016, compared to the three months ended March 31, 2015.

Net Income

Net Income for the three months ended March 31, 2016 was $2.6 million compared to $12.5 million for the three months ended March 31, 2015, for the reasons described above.

Table of Contents

Non-GAAP Financial Measures

Funds From Operations

The Company evaluates performance based on Funds From Operations, which we refer to as FFO, as management believes that FFO represents the most accurate measure of activity and is the basis for distributions paid to equity holders. The Company defines FFO as net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property and acquisition costs of newly acquired properties that are not capitalized, plus depreciation and amortization, including amortization of acquired above and below market lease intangibles and impairment charges on properties or investments in non-consolidated REITs, and after adjustments to exclude equity in income or losses from, and, to include the proportionate share of FFO from, non-consolidated REITs.

FFO should not be considered as an alternative to net income (determined in accordance with GAAP), nor as an indicator of the Company’s financial performance, nor as an alternative to cash flows from operating activities (determined in accordance with GAAP), nor as a measure of the Company’s liquidity, nor is it necessarily indicative of sufficient cash flow to fund all of the Company’s needs.

Other real estate companies and the National Association of Real Estate Investment Trusts, or NAREIT may define this term in a different manner. We have included the NAREIT FFO definition in our table and note that other REITs may not define FFO in accordance with the current NAREIT definition or may interpret the current NAREIT definition differently than we do.

We believe that in order to facilitate a clear understanding of the results of the Company, FFO should be examined in connection with net income and cash flows from operating, investing and financing activities in the consolidated financial statements.

The calculations of FFO are shown in the following table:


	For the
	Three Months Ended
	March 31,
(in thousands):	2016			2015
Net income (loss)	$	2,579	$		12,533
(Gain) loss on sale, less applicable income tax		—			(10,462)
Equity in (earnings) losses of non-consolidated REITs		286			322
FFO from non-consolidated REITs		645			601
Depreciation and amortization		22,527			22,678
NAREIT FFO		26,037			25,672
Acquisition costs of new properties		—			—

Funds From Operations	$	26,037		$	25,672

Net Operating Income (NOI)

The Company provides property performance based on Net Operating Income, which we refer to as NOI. Management believes that investors are interested in this information. NOI is a non-GAAP financial measure that the Company defines as net income (the most directly comparable GAAP financial measure) plus selling, general and administrative expenses, depreciation and amortization, including amortization of acquired above and below market lease intangibles and impairment charges, interest expense, less equity in earnings of nonconsolidated REITs, interest income, management fee income, gains or losses on the sale of assets and excludes non-property specific income and expenses. The information presented includes footnotes and the data is shown by region with properties owned in both periods, which we call Same Store. The Comparative Same Store results include properties held for the periods presented and exclude properties that are non-operating, being developed or redeveloped, dispositions and significant nonrecurring income such as bankruptcy settlements and lease termination fees. NOI, as defined by the Company, may not be comparable to NOI reported

Table of Contents

by other REITs that define NOI differently. NOI should not be considered an alternative to net income as an indication of our performance or to cash flows as a measure of the Company’s liquidity or its ability to make distributions. The calculations of NOI are shown in the following table:

Net Operating Income (NOI)*


	Rentable
	Square Feet	Three Months Ended		Three Months Ended		Inc		%
(in thousands)	or RSF	31-Mar-16		31-Mar-15		(Dec)		Change
Region
East	1,333	$	4,671	$	4,736	$	(65)	(1.4)	%
MidWest	1,361		3,411		3,370		41	1.2	%
South	4,026		16,020		15,781		239	1.5	%
West	2,163		8,439		7,859		580	7.4	%
Same Store	8,883		32,541		31,746		795	2.5	%

Acquisitions	442		1,180		0		1,180	3.7	%
Property NOI from the continuing portfolio	9,325		33,721		31,746		1,975	6.2	%
Dispositions, Non-Operating, Development or Redevelopment			(254)		1,278		(1,532)	(4.9)	%
Property NOI		$	33,467	$	33,024	$	443	1.3	%

Same Store		$	32,541	$	31,746	$	795	2.5	%

Less Nonrecurring
Items in NOI (a)			413		75		338	(1.1)	%

Comparative
Same Store		$	32,128	$	31,671	$	457	1.4	%


		Three months ended		Three Months Ended
Reconciliation to Net income			31-Mar-16		31-Mar-15
Net Income		$	2,579	$	12,533
Add (deduct):
Gain on sale of properties, less applicable income taxes			—		(10,462)
Management fee income			(660)		(643)
Depreciation and amortization			22,445		22,672
Amortization of above/below market leases			81		6
Selling, general and administrative			3,530		3,691
Interest expense			6,433		6,187
Interest income			(1,279)		(1,262)
Equity in losses of non-consolidated REITs			286		322
Non-property specific items, net			52		(20)


Property NOI		$	33,467	$	33,024

(a)

Nonrecurring Items in NOI include proceeds from bankruptcies, lease termination fees or other significant nonrecurring income or expenses, which may affect comparability.

*Excludes NOI from investments in and interest income from secured loans to non-consolidated REITs.

Table of Contents

The information presented below provides the weighted average GAAP rent per square foot for the three months ending March 31, 2016 for our properties and weighted occupancy square feet and percentages. GAAP rent includes the impact of tenant concessions and reimbursements. This table does not include information about properties held by our investments in nonconsolidated REITs or those to which we have provided Sponsored REIT Loans.


						Weighted
						Occupied		Weighted
			Year Built		Weighted	Percentage as of		Average
			or	Net Rentable	Occupied	March 31,		Rent per Occupied
Property Name	City	State	Renovated	Square Feet	Sq. Ft.	2016 (a)		Square Feet (b)

Forest Park	Charlotte	NC	1999	62,212	62,212	100.0	%	$	14.16
Meadow Point	Chantilly	VA	1999	138,537	138,537	100.0	%		27.83
Innsbrook	Glen Allen	VA	1999	298,456	298,456	100.0	%		19.14
East Baltimore	Baltimore	MD	1989	325,445	276,108	84.8	%		23.27
Loudoun Tech Center	Dulles	VA	1999	136,658	125,766	92.0	%		20.39
Stonecroft	Chantilly	VA	2008	111,469	111,469	100.0	%		38.48
Emperor Boulevard	Durham	NC	2009	259,531	259,531	100.0	%		34.41
East total				1,332,308	1,272,079	95.5	%		25.67
Northwest Point	Elk Grove Village	IL	1999	176,848	176,848	100.0	%		22.80
909 Davis Street	Evanston	IL	2002	195,245	173,358	88.8	%		31.03
River Crossing	Indianapolis	IN	1998	205,059	186,419	90.9	%		20.52
Timberlake	Chesterfield	MO	1999	234,023	223,375	95.5	%		22.91
Timberlake East	Chesterfield	MO	2000	116,197	49,732	42.8	%		23.63
Lakeside Crossing	Maryland Heights	MO	2008	127,778	127,778	100.0	%		24.26
121 South 8th Street	Minneapolis	MN	1974	305,990	171,997	56.2	%		19.25
Midwest total				1,361,140	1,109,507	81.5	%		23.38
Blue Lagoon Drive	Miami	FL	2002	212,619	212,619	100.0	%		22.37
One Overton Place	Atlanta	GA	2002	387,267	328,480	84.8	%		24.65
Park Ten	Houston	TX	1999	157,460	99,357	63.1	%		31.10
Addison Circle	Addison	TX	1999	290,041	271,043	93.5	%		27.06
Collins Crossing	Richardson	TX	1999	300,887	300,887	100.0	%		24.76
Eldridge Green	Houston	TX	1999	248,399	248,399	100.0	%		28.38

Table of Contents


						Weighted
						Occupied		Weighted
			Year Built		Weighted	Percentage as of		Average
			or	Net Rentable	Occupied	March 31,		Rent per Occupied
Property Name	City	State	Renovated	Square Feet	Sq. Ft.	2016 (a)		Square Feet (b)

Park Ten Phase II	Houston	TX	2006	156,746	156,746	100.0	%	$	30.90
Liberty Plaza	Addison	TX	1985	218,934	170,681	78.0	%		21.12
Legacy Tennyson Center	Plano	TX	1999/2008	202,600	202,600	100.0	%		16.88
One Legacy Circle	Plano	TX	2008	214,110	214,110	100.0	%		33.91
One Ravinia Drive	Atlanta	GA	1985	386,603	366,538	94.8	%		22.65
Two Ravinia Drive	Atlanta	GA	1987	442,130	347,692	78.6	%		25.64
Westchase I & II	Houston	TX	1983/2008	629,025	543,415	86.4	%		29.67
999 Peachtree	Atlanta	GA	1987	621,946	591,097	95.0	%		29.94
South Total				4,468,767	4,053,664	90.7	%		26.63

380 Interlocken	Broomfield	CO	2000	240,185	233,292	97.1	%		30.04
1999 Broadway	Denver	CO	1986	676,379	560,109	82.8	%		32.78
1001 17th Street	Denver	CO	1977/2006	655,420	556,845	85.0	%		34.54
Greenwood Plaza	Englewood	CO	2000	196,236	196,236	100.0	%		24.35
390 Interlocken	Broomfield	CO	2002	241,516	199,106	82.4	%		28.51
Hillview Center	Milpitas	CA	1984	36,288	36,288	100.0	%		16.27
Federal Way	Federal Way	WA	1982	117,010	73,904	63.2	%		18.64
West Total				2,163,034	1,855,780	85.8	%		30.73

Grand Total				9,325,249	8,291,030	88.9	%	$	26.96

(a)

Based on weighted occupied square feet for the three months ended March 31, 2016, including month-to-month tenants, divided by the Property’s net rentable square footage.

(b)

Represents annualized GAAP rental revenue for the three months ended March 31, 2016 per weighted occupied square foot.

Table of Contents

Liquidity and Capital Resources

Cash and cash equivalents were $14.3 million and $18.2 million at March 31, 2016 and December 31, 2015, respectively. The decrease of $3.9 million is attributable to $7.8 million provided by operating activities plus $32.3 million provided by investing activities, less $44.0 million used in financing activities. Management believes that existing cash, cash anticipated to be generated internally by operations and our existing debt financing will be sufficient to meet working capital requirements and anticipated capital expenditures for at least the next 12 months. Although there is no guarantee that we will be able to obtain the funds necessary for our future growth, we anticipate generating funds from continuing real estate operations. We believe that we have adequate funds to cover unusual expenses and capital improvements, in addition to normal operating expenses. Our ability to maintain or increase our level of dividends to stockholders, however, depends in significant part upon the level of rental income from our real properties.

Operating Activities

The cash provided by our operating activities of $7.8 million is primarily attributable to net income of $2.6 million plus the add-back of $22.0 million of non-cash expenses. These increases were partially offset by a $12.8 million decrease in accounts payable and accrued expenses, a $0.8 million increase in tenant rent receivables, a $0.8 million increase in prepaid expenses and other assets, $1.8 million in payments of deferred leasing commissions, a $0.4 million decrease in tenant security deposits, and a $0.2 million increase in lease acquisition costs.

Investing Activities

Our cash provided by investing activities for the three months ended March 31, 2016 of $32.3 million is primarily attributable to approximately $39 million received from repayments of related party mortgage receivables less the purchases we made of real estate assets and office equipment investments and office equipment of approximately $6.7 million.

Financing Activities

Our cash used by financing activities for the three months ended March 31, 2016 of $44.0 million is primarily attributable to distributions paid to stockholders of $19.0 million and net repayments made to the BAML Revolver (as defined below) of $25.0 million.

BMO Term Loan

Table of Contents

BAML Credit Facility

BAML Revolver Highlights

BAML Term Loan Highlights

The BAML Term Loan is for $400,000,000.

The BAML Term Loan matures on September 27, 2017.

On September 27, 2012, the Company drew down the entire $400,000,000 and such amount remains fully advanced and outstanding under the BAML Credit Agreement.

Table of Contents

BAML Credit Facility General Information

Equity Securities

As of March 31, 2016, we had an automatic shelf registration statement on Form S-3 on file with the Securities and Exchange Commission relating to the offer and sale, from time to time, of an indeterminate amount of our debt securities, common stock, preferred stock or depository shares. From time to time, we expect to issue debt securities, common stock, preferred stock or depository shares under our existing automatic shelf registration statements or a different registration statement to fund the acquisition of additional properties, to pay down any existing debt financing and for other corporate purposes.

Contingencies

From time to time, we may provide financing to Sponsored REITs in the form of a construction loan and/or a revolving line of credit secured by a mortgage. As of March 31, 2016, we were committed to fund up to $90.3 million to four Sponsored REITs under such arrangements for the purpose of funding construction costs, capital expenditures, leasing costs or for other purposes, of which $79.6 million has been drawn and is outstanding. We anticipate that advances made under these facilities will be repaid at their maturity date or earlier from long term financings of the underlying properties, cash flows from the underlying properties or another other capital event.

We may be subject to various legal proceedings and claims that arise in the ordinary course of our business. Although occasional adverse decisions (or settlements) may occur, we believe that the final disposition of such matters will not have a material adverse effect on our financial position or results of operations.

Related Party Transactions

We intend to draw on the BAML Credit Facility in the future for a variety of corporate purposes, including the acquisition of properties that we acquire directly for our portfolio and for Sponsored REIT Loans as described below.

Table of Contents

Loans to Sponsored REITs

Sponsored REIT Loans

From time to time we may make secured loans (“Sponsored REIT Loans”) to Sponsored REITs in the form of mortgage loans or revolving lines of credit to fund construction costs, capital expenditures, leasing costs and for other purposes. We anticipate that each Sponsored REIT Loan will be repaid at maturity or earlier from long term financings of the underlying properties, cash flows from the underlying properties or some other capital event. Each Sponsored REIT Loan is secured by a mortgage on the underlying property and has a term of approximately two to three years. Except for two mortgage loans which bears interest at a fixed rate, advances under each Sponsored REIT Loan bear interest at a rate equal to the 30-day LIBOR rate plus an agreed upon amount of basis points and advances also require a 50 basis point draw fee.

Our Sponsored REIT Loans subject us to credit risk. However, we believe that our position as asset manager of each of the Sponsored REITs helps mitigate that risk by providing us with unique insight and the ability to rely on qualitative analysis of the Sponsored REITs. Before making a Sponsored REIT Loan, we consider a variety of subjective factors, including the quality of the underlying real estate, leasing, the financial condition of the applicable Sponsored REIT and local and national market conditions. These factors are subject to change and we do not apply a formula or assign relative weights to the factors. Instead, we make a subjective determination after considering such factors collectively.

Additional information about our Sponsored REIT Loans outstanding as of March 31, 2016, including a summary table of our Sponsored REIT Loans, is incorporated herein by reference to Part I, Item 1, Note 2, “Related Party Transactions and Investments in Non-Consolidated Entities, Management fees and interest income from loans”, in the Notes to Condensed Consolidated Financial Statements included in this report.

Other Considerations

We generally pay the ordinary annual operating expenses of our properties from the rental revenue generated by the properties. The rental income exceeded the expenses for each individual property, with the exception of one property located in Chesterfield, Missouri for the three months ended March 31, 2015, and one property located in Minneapolis, Minnesota for the three months ended March 31, 2016.

Our property located in Chesterfield, Missouri has approximately 116,000 square feet of rentable space and was approximately 43.1% and 96.2% leased as of March 31, 2015 and December 31, 2015, respectively. In January 2015, two tenants with leases for an aggregate of 99,000 square feet of rentable space vacated the property. During 2015, we signed leases with two new tenants. As of December 31, 2015, tenants occupied approximately 50,000 square feet of rentable space at the property and we had entered into a lease for 62,000 square feet of rentable space, but such lease had not yet commenced. As a result of the vacancy during 2015, the rental revenue from the property did not cover operating expenses for the three months ended March 31, 2015. The property generated rental income of $79,000 and had operating expenses of $257,000 for the three months ended March 31, 2015.

Our property located in Minneapolis, Minnesota has approximately 170,000 square feet of rentable space and became vacant in January 2016. During the first quarter of 2016, we evaluated development and redevelopment opportunities at the property. On March 31, 2016, we commenced a redevelopment plan for the property. As a result of the vacancy, we had no rental income and had operating expenses of $259,000 during the three months ended March 31, 2016.

Table of Contents

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Market Rate Risk

We are exposed to changes in interest rates primarily from our floating rate borrowing arrangements. We use interest rate derivative instruments to manage exposure to interest rate changes. As of March 31, 2016 and December 31, 2015, if market rates on our outstanding borrowings under our BAML Revolver increased by 10% at maturity, or approximately 17 and 17 basis points, respectively, over the current variable rate, the increase in interest expense would decrease future earnings and cash flows by $0.4 million and $0.5 million annually, respectively. Based upon our credit rating, the interest rate on our borrowings on the BAML Revolver as of March 31, 2016 was LIBOR plus 125 basis points, or 1.69% per annum. We do not believe that the interest rate risk represented by borrowings under our BAML Revolver is material as of March 31, 2016.

Although the interest rates on the BMO Term Loan and the BAML Credit Facility are variable, the Company fixed the base LIBOR interest rates on the BMO Term Loan and the BAML Term Loan by entering into interest rate swap agreements. On August 26, 2013, the Company entered into an ISDA Master Agreement with Bank of Montreal that fixed the base LIBOR interest rate on the BMO Term Loan at 2.32% per annum for seven years (the “BMO Interest Rate Swap”). On September 27, 2012, the Company entered into an ISDA Master Agreement with Bank of America, N.A. that fixed the base LIBOR interest rate on the BAML Term Loan at 0.75% per annum for five years (the “BAML Interest Rate Swap”). Accordingly, based upon our credit rating, as of March 31, 2016, the interest rate on the BMO Term Loan was 3.97% per annum and the interest rate on the BAML Term Loan was 2.20% per annum. The fair value of the BMO Interest Rate Swap and the BAML Interest Rate Swap is affected by changes in market interest rates. We believe that we have mitigated interest rate risk with respect to the BMO Term Loan through the BMO Interest Rate Swap for the seven year term of the BMO Term Loan. We believe that we have mitigated interest rate risk with respect to the BAML Term Loan through the BAML Interest Rate Swap for the five year term of the BAML Term Loan. The BMO Interest Rate Swap and the BAML Interest Rate Swap were our only derivative instruments as of March 31, 2016.

The table below lists our derivative instruments, which are hedging variable cash flows related to interest on our BMO Term Loan and our BAML Term Loan as of March 31, 2016 (in thousands):


	Notional		Strike		Effective	Expiration	Fair
(in thousands)	Value		Rate		Date	Date	Value

BMO Interest Rate Swap	$	220,000	2.32	%	Aug-13	Aug-20	$	(12,498)
BAML Interest Rate Swap	$	400,000	0.75	%	Sep-12	Sep-17	$	(728)

Our BMO Term Loan and our BAML Term Loan hedging transactions used derivative instruments that involve certain additional risks such as counterparty credit risk, the enforceability of hedging contracts and the risk that unanticipated and significant changes in interest rates will cause a significant loss of basis in either or both of the contracts. We require our derivatives contracts to be with counterparties that have investment grade ratings. The counterparty to the BMO Interest Rate Swap is Bank of Montreal and the counterparty to the BAML Interest Rate Swap is Bank of America, N.A., both of which have investment grade ratings. As a result, we do not anticipate that either counterparty will fail to meet its obligations. However, there can be no assurance that we will be able to adequately protect against the foregoing risks or that we will ultimately realize an economic benefit that exceeds the related amounts incurred in connection with engaging in such hedging strategies.

The BAML Revolver has a term of four years and matures on October 29, 2018. We have the right to extend the initial maturity date of the BAML Revolver by an additional 12 months, or until October 29, 2019, upon payment of a fee and satisfaction of certain customary conditions. The BAML Revolver includes an accordion feature that allows for up to $250,000,000 of additional borrowing capacity subject to receipt of lender commitments and satisfaction of certain customary conditions. Upon maturity, our future income, cash flows and fair values relevant to financial instruments will be dependent upon the balance then outstanding and prevalent market interest rates.

We borrow from time-to-time under the BAML Revolver. These borrowings bear interest at either (i) a rate equal to LIBOR plus 87.5 to 165 basis points depending on our credit rating at the time of the borrowing (LIBOR plus 125 basis

Table of Contents

points, or 1.69% at March 31, 2016) or (ii) a rate equal to the bank’s base rate plus up to 65 basis points depending on our credit rating at the time of the borrowing (the bank’s base rate plus 25 basis points, or 3.75% at March 31, 2016). There were borrowings totaling $265 million and $290 million on the BAML Revolver, at a weighted average rate of 1.67% and 1.54% outstanding at March 31, 2016 and December 31, 2015, respectively. We have drawn on the BAML Revolver, and intend to draw on the BAML Revolver in the future for a variety of corporate purposes, including the funding of Sponsored REIT Loans and the acquisition of properties that we acquire directly for our portfolio. Information about our Sponsored REIT Loans as of March 31, 2016 is incorporated herein by reference to Part I, Item 1, Note 2, “Related Party Transactions and Investments in Non-consolidated Entities, Management fees and interest income from loans”, in the Notes to Condensed Consolidated Financial Statements included in this report.

The following table presents as of March 31, 2016, our contractual variable rate borrowings under our BAML Revolver, which matures on October 29, 2018, under our BAML Term Loan, which matures on September 27, 2017 and under our BMO Term Loan, which matures on August 26, 2020. Under the BAML Revolver, we have the right to extend the initial maturity date by an additional 12 months, or until October 29, 2019, upon payment of a fee and satisfaction of certain customary conditions.


	Payment due by period
	(in thousands)
	Total		2016		2017		2018		2019		2020		Thereafter
BAML Revolver	$	265,000	$	—	$	—	$	265,000	$	—	$	—	$	—
BAML Term Loan		400,000		—		400,000		—		—		—		—
BMO Term Loan		220,000		—		—		—		—		220,000		—
Total	$	885,000	$	—	$	400,000	$	265,000	$	—	$	220,000	$	—

Item 4. Controls and Procedures

Our management, with the participation of our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2016. The term “disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 as amended, or the Exchange Act, means controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure. Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Based on the evaluation of our disclosure controls and procedures as of March 31, 2016, our chief executive officer and chief financial officer concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level.

Changes in Internal Control Over Financial Reporting

No change in our internal control over financial reporting occurred during the quarter ended March 31, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Table of Contents

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may be subject to legal proceedings and claims that arise in the ordinary course of our business. Although occasional adverse decisions (or settlements) may occur, we believe that the final disposition of such matters will not have a material adverse effect on our financial position, cash flows or results of operations.

Item 1A. Risk Factors

As of March 31, 2016, there have been no material changes to the risk factors disclosed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2015. In addition to the other information set forth in this report, you should carefully consider the risk factors discussed in the Annual Report on Form 10-K for the year ended December 31, 2015, which could materially affect our business, financial condition or future results. The risks described in our Annual Report on Form 10-K for the year ended December 31, 2015 are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

None.

Item 5. Other Information

None.

Item 6. Exhibits

The Exhibits listed in the Exhibit Index are filed as part of this Quarterly Report on Form 10-Q and are incorporated herein by reference.

Table of Contents

SIGNATURES

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.


	FRANKLIN STREET PROPERTIES CORP.


Date	Signature	Title

Date: April 26, 2016	/s/ George J. Carter	Chief Executive Officer and Director
	George J. Carter	(Principal Executive Officer)


Date: April 26, 2016	/s/ John G. Demeritt	Chief Financial Officer
	John G. Demeritt	(Principal Financial Officer)

Table of Contents

EXHIBIT INDEX


Exhibit No.		Description

3.1 (1)		Articles of Incorporation.

3.2 (2)		Amended and Restated By-laws.

31.1*		Certification of FSP Corp.’s President and Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2*		Certification of FSP Corp.’s Chief Financial Officer pursuant to Section 302 of the Sarbanes- Oxley Act of 2002.

32.1*		Certification of FSP Corp.’s President and Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2*		Certification of FSP Corp.’s Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101*		The following materials from FSP Corp.’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2016, formatted in XBRL (eXtensible Business Reporting Language): (i) the Condensed Consolidated Balance Sheets; (ii) the Condensed Consolidated Statements of Income; (iii) the Condensed Consolidated Statements of Cash Flows; (iv) the Condensed Consolidated Statements of Other Comprehensive Income; and (v) the Notes to Condensed Consolidated Financial Statements.


Footnotes		Description

(1)		Incorporated by reference to FSP Corp.’s Form 8-A, filed on April 5, 2005 (File No. 001-32470).

(2)		Incorporated by reference to FSP Corp.’s Current Report on Form 8-K, filed on February 15, 2013 (File No. 001-32470).

*		Filed herewith.

EX-31.1 2 fsp-20160331ex3111964e0.htm EX-31.1 fsp_Ex31_1

Exhibit 31.1

CERTIFICATIONS

I, George J. Carter, certify that:

I have reviewed this Quarterly Report on Form 10-Q of Franklin Street Properties Corp.;

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;

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;

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:

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;

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;

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

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

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):

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

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.

Pril
Date: April 26, 2016	/s/ George J. Carter
	George J. Carter
	President and Chief Executive Officer

EX-31.2 3 fsp-20160331ex312b1b1fb.htm EX-31.2 fsp_Ex31_2

Exhibit 31.2

CERTIFICATIONS

I, John G. Demeritt, certify that:

I have reviewed this Quarterly Report on Form 10-Q of Franklin Street Properties Corp.;

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: April 26, 2016	/s/ John G. Demeritt
	John G. Demeritt
	Chief Financial Officer

EX-32.1 4 fsp-20160331ex321d6eacf.htm EX-32.1 fsp_Ex32_1

Exhibit 32.1

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 on Form 10-Q of Franklin Street Properties Corp. (the “Company”) for the period ended March 31, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, George J. Carter, President and Chief Executive Officer of the Company, hereby certifies, pursuant to 18 U.S.C. Section 1350, that to his knowledge:

(1)

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

(2)

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


Date: April 26, 2016	/s/ George J. Carter
	George J. Carter
	President and Chief Executive Officer

EX-32.2 5 fsp-20160331ex32224dbe8.htm EX-32.2 fsp_Ex32_2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTE D PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report on Form 10-Q of Franklin Street Properties Corp. (the “Company”) for the period ended March 31, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, John G. Demeritt, Chief Financial Officer of the Company, hereby certifies, pursuant to 18 U.S.C. Section 1350, that to his knowledge:

(1)

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

(2)

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


Date: April 26, 2016	/s/ John G. Demeritt
	John G. Demeritt
	Chief Financial Officer

EX-101.INS 6 fsp-20160331.xml EX-101.INS 0001031316 fsp:AccountingStandardsUpdate201503Member us-gaap:OtherAssetsMember 2015-12-31 0001031316 fsp:AccountingStandardsUpdate201503Member fsp:ContraTermLoansMember 2015-12-31 0001031316 fsp:FSP385InterlockenDevelopmentCorpMember 2016-01-01 2016-03-31 0001031316 fsp:BMOTermLoanMember 2013-08-26 2013-08-26 0001031316 us-gaap:UnsecuredDebtMember 2012-09-27 2012-09-27 0001031316 fsp:BMOTermLoanMember us-gaap:LondonInterbankOfferedRateLIBORMember 2013-08-26 2013-08-26 0001031316 fsp:BmoInterestRateSwapMember us-gaap:CashFlowHedgingMember 2013-08-26 2013-08-26 0001031316 us-gaap:UnsecuredDebtMember us-gaap:LondonInterbankOfferedRateLIBORMember 2012-09-27 2012-09-27 0001031316 fsp:BamlInterestRateSwapMember us-gaap:CashFlowHedgingMember 2012-09-27 2012-09-27 0001031316 fsp:RevolvingLineOfCreditMember fsp:FSPSatellitePlaceCorpMember 2016-01-01 2016-03-31 0001031316 fsp:RevolvingLineOfCreditMember fsp:FSPEnergyTowerCorpMember 2016-01-01 2016-03-31 0001031316 fsp:RevolvingLineOfCreditMember fsp:FSP1441MainStreetCorpMember 2016-01-01 2016-03-31 0001031316 us-gaap:RevolvingCreditFacilityMember 2015-01-01 2015-12-31 0001031316 fsp:BmoInterestRateSwapMember 2016-03-31 0001031316 fsp:BamlInterestRateSwapMember 2016-03-31 0001031316 fsp:BmoAndBamlInterestRateSwapMember us-gaap:CashFlowHedgingMember 2016-03-31 0001031316 fsp:BmoAndBamlInterestRateSwapMember us-gaap:CashFlowHedgingMember 2016-01-01 2016-03-31 0001031316 fsp:SponsoredREITsMember 2015-01-01 2015-03-31 0001031316 fsp:FSPGrandBoulevardCorpMember 2016-01-01 2016-03-31 0001031316 fsp:FSP303EastWackerDriveCorpMember 2016-01-01 2016-03-31 0001031316 fsp:FSPGrandBoulevardCorpMember 2015-01-01 2015-03-31 0001031316 fsp:FSP303EastWackerDriveCorpMember 2015-01-01 2015-03-31 0001031316 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember fsp:OfficePropertyInMarylandHeightsMissouriMember 2016-04-05 2016-04-05 0001031316 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember fsp:OfficePropertyInSanJoseCaliforniaMember 2015-12-09 2015-12-09 0001031316 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember fsp:OfficePropertyInCharlotteNorthCarolinaMember 2015-05-13 2015-05-13 0001031316 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember fsp:OfficePropertyInEdenPrairieMinnesotaMember 2015-03-31 2015-03-31 0001031316 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember fsp:OfficePropertyInPlanoTexasMember 2015-02-23 2015-02-23 0001031316 fsp:BMOTermLoanMember us-gaap:LondonInterbankOfferedRateLIBORMember 2016-03-31 0001031316 us-gaap:UnsecuredDebtMember us-gaap:LondonInterbankOfferedRateLIBORMember 2012-09-27 0001031316 us-gaap:RevolvingCreditFacilityMember 2015-12-31 0001031316 fsp:BMOTermLoanMember 2016-03-31 0001031316 us-gaap:UnsecuredDebtMember 2016-03-31 0001031316 fsp:BMOTermLoanMember 2013-08-26 0001031316 us-gaap:UnsecuredDebtMember us-gaap:LondonInterbankOfferedRateLIBORMember 2016-01-01 2016-03-31 0001031316 us-gaap:UnsecuredDebtMember us-gaap:BaseRateMember 2016-01-01 2016-03-31 0001031316 us-gaap:RevolvingCreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember 2016-01-01 2016-03-31 0001031316 us-gaap:RevolvingCreditFacilityMember us-gaap:BaseRateMember 2016-01-01 2016-03-31 0001031316 fsp:BMOTermLoanMember us-gaap:LondonInterbankOfferedRateLIBORMember 2016-01-01 2016-03-31 0001031316 fsp:BMOTermLoanMember us-gaap:BaseRateMember 2016-01-01 2016-03-31 0001031316 us-gaap:DividendDeclaredMember us-gaap:SubsequentEventMember 2016-04-08 2016-04-08 0001031316 2014-12-31 0001031316 us-gaap:DisposalGroupHeldForSaleOrDisposedOfBySaleNotDiscontinuedOperationsMember fsp:OfficePropertyInMarylandHeightsMissouriMember 2016-03-31 0001031316 2015-03-31 0001031316 fsp:BmoInterestRateSwapMember us-gaap:CashFlowHedgingMember 2016-03-31 0001031316 fsp:BamlInterestRateSwapMember us-gaap:CashFlowHedgingMember 2016-03-31 0001031316 fsp:FSPProtectiveTRSCorpMember 2016-03-31 0001031316 fsp:FSPPropertyManagementLLCMember 2016-03-31 0001031316 fsp:FSPInvestmentsLLCMember 2016-03-31 0001031316 fsp:FSPHoldingsLLCMember 2016-03-31 0001031316 us-gaap:MortgagesMember 2016-03-31 0001031316 fsp:RevolvingLineOfCreditMember 2016-03-31 0001031316 fsp:FspMonumentCircleLlcMember 2016-01-01 2016-03-31 0001031316 fsp:SponsoredREITsMember 2016-01-01 2016-03-31 0001031316 us-gaap:MortgagesMember fsp:FspMonumentCircleLlcMember 2016-03-31 0001031316 us-gaap:MortgagesMember fsp:FSPEnergyTowerCorpMember 2016-03-31 0001031316 fsp:RevolvingLineOfCreditMember fsp:FSPSatellitePlaceCorpMember 2016-03-31 0001031316 fsp:RevolvingLineOfCreditMember fsp:FSPEnergyTowerCorpMember 2016-03-31 0001031316 fsp:RevolvingLineOfCreditMember fsp:FSP1441MainStreetCorpMember 2016-03-31 0001031316 us-gaap:RevolvingCreditFacilityMember 2016-03-31 0001031316 2015-01-01 2015-03-31 0001031316 fsp:BMOTermLoanMember 2014-10-29 0001031316 us-gaap:RevolvingCreditFacilityMember 2016-01-01 2016-03-31 0001031316 fsp:FSPEnergyTowerCorpMember 2016-01-01 2016-03-31 0001031316 2016-03-31 0001031316 2015-12-31 0001031316 fsp:FSPGrandBoulevardCorpMember 2009-05-01 2009-05-31 0001031316 fsp:FSP303EastWackerDriveCorpMember 2007-12-01 2007-12-31 0001031316 2016-04-22 0001031316 2016-01-01 2016-03-31 iso4217:USD xbrli:shares utr:sqft fsp:loan fsp:entity fsp:property fsp:item xbrli:pure iso4217:USD xbrli:shares false --12-31 Q1 2016 2016-03-31 10-Q 0001031316 100187405 Yes Large Accelerated Filer FRANKLIN STREET PROPERTIES CORP /MA/ 483000 88000 50000 50000 0.05 0.01 7726000 1404000 108900 P12M 50000000 27000 27000 27000 27000 0.437 0.270 965.75 175.5 96575000 17550000 82813000 15049000 4975000 4510000 19748000 2457000 2197000 8235000 7576000 101734000 87374000 2000 10000 418959000 359005000 13900000 13415000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> Financial Instruments   The Company estimates that the carrying values of cash and cash equivalents, restricted cash, receivables, loans receivable, prepaid expenses, accounts payable and accrued expenses, accrued compensation, tenant security deposits approximate their fair values based on their short-term maturity and the bank note and term loans payable approximate their fair values as they bear interest at variable interest rates. </div><div style="margin-left:0%;margin-right:0%;"> </div><div style="margin-left:0%;margin-right:0%;"></div> </div> 159000.000 87000.000 3000 199000 250000000 5553000 1009000 90300000 10800000 20000000 5500000 33000000 21000000 0.005 0.005 0.005 0.0641 0.0490 1473000 1433000 0.25 0.25 0.10 P3Y P1Y <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">   <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Maximum </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Amount </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Interest </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (dollars in thousands) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Maturity </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Amount </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Drawn at </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Interest </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Draw </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Rate at </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Sponsored REIT </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Location </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Date </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> of Loan </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 31-Mar-16 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Rate (1) </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Fee (2) </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 31-Mar-16 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Secured revolving lines of credit </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> FSP Satellite Place Corp. </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Duluth, GA </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 31-Mar-17 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,500 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,975 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> L+ </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.4 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.5 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.84 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> FSP 1441 Main Street Corp. (3) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Columbia, SC </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 31-Mar-17 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,800 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> L+ </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.4 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.5 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.84 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> FSP Energy Tower I Corp. </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Houston, TX </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 30-Jun-17 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,600 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> L+ </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.0 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.5 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.44 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Mortgage loan secured by property </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> FSP Monument Circle LLC (4) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Indianapolis, IN </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 7-Dec-18 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.90 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> n/a </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.90 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> FSP Energy Tower I Corp. (5) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Houston, TX </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 30-Jun-17 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.41 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> n/a </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.41 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,300 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>79,575 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   <div><hr style="border-width:0;width:25%;height:1pt;color:#000;background-color:#000;" align="left"></hr></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> (1) </td><td style="width:0pt;"></td><td align="left" valign="top"> The interest rate is 30-day LIBOR rate plus the additional rate indicated, otherwise a fixed rate.</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> (2) </td><td style="width:0pt;"></td><td align="left" valign="top"> The draw fee is a percentage of each new advance, and is paid at the time of each new draw.</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> (3) </td><td style="width:0pt;"></td><td align="left" valign="top"> This revolving line of credit was extended on March 25, 2016.  </td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> (4) </td><td style="width:0pt;"></td><td align="left" valign="top"> This mortgage loan includes an origination fee of $164,000 and an exit fee of $38,000 when repaid by the borrower.</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> (5) </td><td style="width:0pt;"></td><td align="left" valign="top"> This mortgage loan includes an annual extension fee of $108,900 paid by the borrower.  </td></tr></table></div></div><div style="margin-left:0%;margin-right:0%;"> </div><div style="margin-left:0%;margin-right:0%;"></div> </div> 38000 0.04840 0.05440 0.04840 0.06410 0.04900 P30D 5 3 2 1 9 8 2 2 10 9 P20Y <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> Franklin Street Properties Corp. Notes to Condensed Consolidated Financial Statements<a name="NotestoCondensedConsolidatedFinancialSta"></a> (Unaudited)   1.  Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards   Organization   Franklin Street Properties Corp. (“FSP Corp.” or the “Company”), holds, directly and indirectly, 100% of the interest in FSP Investments LLC, FSP Property Management LLC,  FSP Holdings LLC and FSP Protective TRS Corp.  FSP Property Management LLC provides asset management and property management services.  The Company also has a non-controlling common stock interest in eight corporations organized to operate as real estate investment trusts (“REIT”) and a non-controlling preferred stock interest in two of those REITs.  Collectively, the eight REITs are referred to as the “Sponsored REITs”.   As of March 31, 2016, the Company owned and operated a portfolio of real estate consisting of 35 operating properties, one property that is in redevelopment, eight managed Sponsored REITs and held five promissory notes secured by mortgages on real estate owned by Sponsored REITs, including two mortgage loans and three revolving lines of credit.  From time-to-time, the Company may acquire, develop or redevelop real estate, make additional secured loans or acquire a Sponsored REIT.  The Company may also pursue, on a selective basis, the sale of its properties in order to take advantage of the value creation and demand for its properties, or for geographic or property specific reasons.   Properties   The following table summarizes the Company’s number of operating properties and rentable square feet of real estate.  In January 2016, the Company classified one property as a redeveopment, which is excluded as of March 31, 2016. <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> As of March 31, </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Commercial real estate: </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Number of properties </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35 </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36 </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Rentable square feet </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,325,249 </td> <td valign="bottom" style="width:02.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,310,131 </td> <td valign="bottom" style="width:01.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>   Basis of Presentation   The unaudited condensed consolidated financial statements of the Company include all the accounts of the Company and its wholly-owned subsidiaries.  All significant intercompany balances and transactions have been eliminated. These financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for its fiscal year ended December 31, 2015, as filed with the Securities and Exchange Commission.   The accompanying interim financial statements are unaudited; however, the financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and in conjunction with the rules and regulations of the Securities and Exchange Commission.  Accordingly, they do not include all of the disclosures required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting solely of normal recurring matters) necessary for a fair presentation of the financial statements for these interim periods have been included.  Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ended December 31, 2016 or for any other period.   Financial Instruments   The Company estimates that the carrying values of cash and cash equivalents, restricted cash, receivables, loans receivable, prepaid expenses, accounts payable and accrued expenses, accrued compensation, tenant security deposits approximate their fair values based on their short-term maturity and the bank note and term loans payable approximate their fair values as they bear interest at variable interest rates.   Recent Accounting Standards   In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which provides guidance for revenue recognition. The standard’s core principle is that a company will recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which a company expects to be entitled in exchange for those goods or services. This update is effective for interim and annual reporting periods beginning after December 15, 2017.  The Company is currently in the process of evaluating the impact the adoption of this ASU will have on the condensed consolidated financial statements.   In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.  This update requires an entity to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the financial statements are available to be issued when applicable) and to provide related footnote disclosures in certain circumstances.  This update is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter with early adoption permitted.  The implementation of this update is not expected to cause any significant changes to the condensed consolidated financial statements.   In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 was effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments in ASU 2015-02 using: (a) a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption; or (b) by applying the amendments retrospectively. ASU 2015-02 was adopted on January 1, 2016.  The implementation of this update did not cause any material changes to the consolidated financial statements for any period.   In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), (“ASU 2016-02).  ASU 2016-02 requires lessees to put most leases on their balance sheets but recognize expenses on their income statements in a manner similar to today’s accounting. The guidance also eliminates today’s real estate-specific provisions for all entities. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases.  This new standard is effective for annual periods beginning after 15 December 2018, and interim periods thereafter with early adoption is permitted  The Company is currently in the process of evaluating the impact the adoption of this ASU will have on the condensed consolidated financial statements.    Reclassifications   Certain amounts from the 2015 financial statements have been reclassified to conform to the 2016 presentation. The reclassifications were related primarily to conform to ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability.  This new standard was effective for interim and annual reporting periods beginning after December 15, 2015 and requires retrospective application.  Approximately $2.4 million of debt issuance costs were reclassified from other assets to contra term loans on the balance sheet at December 31, 2015. There was no change to net income for any period presented as a result of these reclassifications. </div><div style="margin-left:0%;margin-right:0%;"> </div><div style="margin-left:0%;margin-right:0%;"></div> </div> 1.00 1.00 1.00 1.00 21000 P3Y <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> 2.  Related Party Transactions and Investments in Non-Consolidated Entities   Investment in Sponsored REITs:   At March 31, 2016 and December 31, 2015, the Company held a common stock interest in eight and nine Sponsored REITs, respectively.  The Company holds a non-controlling preferred stock investment in two of these Sponsored REITs, FSP 303 East Wacker Drive Corp. (“East Wacker”) and FSP Grand Boulevard Corp. (“Grand Boulevard”), from which it continues to derive economic benefits and risks.   During the year ended December 31, 2015, a property owned by a Sponsored REIT was sold and, thereafter, liquidating distributions to its preferred shareholders were declared and issued.  During the three months ended March 31, 2016, a property owned by a  Sponsored REIT, FSP 385 Interlocken Development Corp. (“385 Interlocken”), was sold and, thereafter, liquidating distributions to its preferred shareholders were declared and issued.  The Company had previously made a secured construction loan to 385 Interlocken, which loan in the outstanding principal amount of $37,541,000 was repaid in its entirety from the proceeds of the sale.   Equity in losses of investment in non-consolidated REITs:   The following table includes equity in losses of investments in non-consolidated REITs   <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Three Months Ended March 31, </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (in thousands) </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Equity in losses of East Wacker </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>257 </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>285 </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Equity in losses of Grand Boulevard </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29 </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37 </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>286 </td> <td valign="bottom" style="width:02.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>322 </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>   Equity in losses of investments in non-consolidated REITs is derived from the Company’s share of income or loss in the operations of those entities.  The Company exercises influence over, but does not control these entities, and investments are accounted for using the equity method.   Equity in losses of East Wacker is derived from the Company’s preferred stock investment in the entity.  In December 2007, the Company purchased 965.75 preferred shares or 43.7% of the outstanding preferred shares of East Wacker for $82,813,000 (which represented $96,575,000 at the offering price net of commissions of $7,726,000, loan fees of $5,553,000 and acquisition fees of $483,000 that were excluded).   Equity in losses of Grand Boulevard is derived from the Company’s preferred stock investment in the entity.  In May 2009, the Company purchased 175.5 preferred shares or 27.0% of the outstanding preferred shares of Grand Boulevard for $15,049,000 (which represented $17,550,000 at the offering price net of commissions of $1,404,000, loan fees of $1,009,000 and acquisition fees of $88,000 that were excluded).   The Company recorded distributions of $27,000 from non-consolidated REITs during the three months ended March 31, 2016 and 2015.   Management fees and interest income from loans:   Asset management fees range from 1% to 5% of collected rents and the applicable contracts are cancelable with 30 days notice.  Asset management fee income from non-consolidated entities amounted to approximately $154,000 and $211,000 for the three months ended March 31, 2016 and 2015, respectively.   From time to time the Company may make secured loans (“Sponsored REIT Loans”) to Sponsored REITs in the form of mortgage loans or revolving lines of credit to fund construction costs, capital expenditures, leasing costs and for other purposes. The Company reviews Sponsored REIT loans for impairment each reporting period. A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts recorded on the balance sheet. The Company applies normal loan review and underwriting procedures (as may be implemented or modified from time to time) in making that judgment. None of the Sponsored REIT loans have been impaired.      The Company anticipates that each Sponsored REIT Loan will be repaid at maturity or earlier from long term financings of the underlying properties, cash flows from the underlying properties or some other capital event.  Each Sponsored REIT Loan is secured by a mortgage on the underlying property and has a term of approximately one to three years.  Except for two mortgage loans which bear interest at a fixed rate, advances under each Sponsored REIT Loan bear interest at a rate equal to the 30-day LIBOR rate plus an agreed upon amount of basis points and advances also require a 50 basis point draw fee.   The following is a summary of the Sponsored REIT Loans outstanding as of March 31, 2016:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Maximum </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Amount </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Interest </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (dollars in thousands) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Maturity </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Amount </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Drawn at </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Interest </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Draw </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Rate at </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Sponsored REIT </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Location </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Date </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> of Loan </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 31-Mar-16 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Rate (1) </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Fee (2) </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 31-Mar-16 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Secured revolving lines of credit </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> FSP Satellite Place Corp. </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Duluth, GA </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 31-Mar-17 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,500 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,975 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> L+ </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.4 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.5 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.84 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> FSP 1441 Main Street Corp. (3) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Columbia, SC </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 31-Mar-17 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,800 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> L+ </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.4 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.5 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.84 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> FSP Energy Tower I Corp. </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Houston, TX </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 30-Jun-17 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,600 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> L+ </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.0 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.5 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.44 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Mortgage loan secured by property </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> FSP Monument Circle LLC (4) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Indianapolis, IN </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> 7-Dec-18 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.90 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> n/a </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.90 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> FSP Energy Tower I Corp. (5) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Houston, TX </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 30-Jun-17 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,000 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="middle" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.41 </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> n/a </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.41 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> % </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,300 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>79,575 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:05.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   <div><hr style="border-width:0;width:25%;height:1pt;color:#000;background-color:#000;" align="left"></hr></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> (1) </td><td style="width:0pt;"></td><td align="left" valign="top"> The interest rate is 30-day LIBOR rate plus the additional rate indicated, otherwise a fixed rate.</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> (2) </td><td style="width:0pt;"></td><td align="left" valign="top"> The draw fee is a percentage of each new advance, and is paid at the time of each new draw.</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> (3) </td><td style="width:0pt;"></td><td align="left" valign="top"> This revolving line of credit was extended on March 25, 2016.  </td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> (4) </td><td style="width:0pt;"></td><td align="left" valign="top"> This mortgage loan includes an origination fee of $164,000 and an exit fee of $38,000 when repaid by the borrower.</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> (5) </td><td style="width:0pt;"></td><td align="left" valign="top"> This mortgage loan includes an annual extension fee of $108,900 paid by the borrower.  </td></tr></table></div>   The Company recognized interest income and fees from the Sponsored REIT Loans of approximately $1,279,000 and $1,262,000 for the three months ended March 31, 2016 and 2015, respectively.   Non-consolidated REITs:   The balance sheet data below for 2016 and 2015 includes the 8 and 9 Sponsored REITs the Company held an interest in as of March 31, 2016 and December 31, 2015, respectively.  The operating data below for 2016 and 2015 include the operations of the 9 and 10 Sponsored REITs in which the Company held an interest in during the three months ended March 31, 2016 and 2015, respectively.   Summarized financial information for these Sponsored REITs is as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (in thousands) </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Balance Sheet Data (unaudited): </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Real estate, net </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>359,005 </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>418,959 </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Other assets </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87,374 </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101,734 </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total liabilities </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(159,832) </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(203,628) </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Shareholders’ equity </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>286,547 </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>317,065 </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>     <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> For the Three Months Ended </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (in thousands) </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating Data (unaudited): </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Rental revenues </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,415 </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,900 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Other revenues </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10 </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating and maintenance expenses </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,576) </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,235) </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Depreciation and amortization </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,510) </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,975) </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Interest expense </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,197) </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,457) </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Gain on sale, less applicable income tax </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,748 </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net income (loss) </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,890 </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,765) </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   </div><div style="margin-left:0%;margin-right:0%;"> </div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (in thousands) </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Balance Sheet Data (unaudited): </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Real estate, net </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>359,005 </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>418,959 </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Other assets </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87,374 </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101,734 </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total liabilities </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(159,832) </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(203,628) </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:74.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Shareholders’ equity </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>286,547 </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>317,065 </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>     <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> For the Three Months Ended </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (in thousands) </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Operating Data (unaudited): </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Rental revenues </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,415 </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,900 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Other revenues </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10 </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Operating and maintenance expenses </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,576) </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,235) </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Depreciation and amortization </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,510) </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,975) </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Interest expense </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,197) </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,457) </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Gain on sale, less applicable income tax </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,748 </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">  — </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:77.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net income (loss) </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,890 </td> <td valign="bottom" style="width:02.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,765) </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   </div><div style="margin-left:0%;margin-right:0%;"> </div><div style="margin-left:0%;margin-right:0%;"></div> </div> 9368000 9822000 400000000 220000000

49489000

37791000

2898000

3691000

1333000

1372000

330799000

347256000

-7111000

-13226000

1273556000

130000

6000

81000

9310131

9325249

211000

154000

1919015000

1861385000

15921000

4100000

2998000

1887000

7519000

14945000

18163000

14316000

7426000

-3847000

0.19

0.0001

180000000

100187405

10000

7719000

-3536000

15356000

15292000

57954000

56850000

0.0065

0.0165

0.0025

0.0125

0.0045

0.0145

220000000

400000000

0.0397

0.0220

0.0144

0.0167

20002000

21035000

28999000

28705000

48502000

49696000

22672000

22445000

23189000

22962000

1132000

0.0075

0.0232

8243000

13226000

<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> 4.  Financial Instruments: Derivatives and Hedging   On August 26, 2013, the Company fixed the interest rate for seven years on the BMO Credit Agreement with an interest rate swap agreement (the “BMO Interest Rate Swap”) and on September 27, 2012, the Company fixed the interest rate for five years on the BAML Term Loan with an interest rate swap agreement (the “BAML Interest Rate Swap”). The variable rates that were fixed under the BMO Interest Rate Swap and the BAML Interest Rate Swap are described in Note 3.   The BMO Interest Rate Swap and the BAML Interest Rate Swap qualify as cash flow hedges and have been recognized on the consolidated balance sheet at fair value.  If a derivative qualifies as a hedge, depending on the nature of the hedge, changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset, liability, or firm commitment through earnings, or recognized in other comprehensive income until the hedged item is recognized in earnings.  The ineffective portion of a derivative’s change in fair value will be immediately recognized in earnings, which may increase or decrease reported net income and stockholders’ equity prospectively, depending on future levels of interest rates and other variables affecting the fair values of derivative instruments and hedged items, but will have no effect on cash flows.   The following table summarizes the notional and fair value of our derivative financial instruments at March 31, 2016. The notional value is an indication of the extent of our involvement in these instruments at that time, but does not represent exposure to credit, interest rate or market risks.   <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Notional </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Strike </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">    </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Effective </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Expiration </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Fair </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (in thousands) </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Value </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Rate </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Date </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Date </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Value </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> BMO Interest Rate Swap </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>220,000 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.32 </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Aug-13 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Aug-20 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,498) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> BAML Interest Rate Swap </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>400,000 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.75 </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sep-12 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sep-17 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(728) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   On March 31, 2016, the BMO Interest Rate Swap was reported as a liability at its fair value of approximately $12.5 million and the BAML Interest Rate Swap was reported as a liability at its fair value of approximately $0.7 million.  These are included in other liabilities: derivative liability on the condensed consolidated balance sheet at March 31, 2016.  Offsetting adjustments are reported as unrealized gains or losses on derivative financial instruments in accumulated other comprehensive income of $6.1 million.  During the three months ended March 31, 2016, $1.4 million was reclassified out of other comprehensive income and into interest expense.   Over time, the unrealized gains and losses held in accumulated other comprehensive income will be reclassified into earnings as an increase or reduction to interest expense in the same periods in which the hedged interest payments affect earnings.  The Company estimates that approximately $3.3 million of the current balance held in accumulated other comprehensive income will be reclassified into earnings within the next 12 months.   The Company is hedging the exposure to variability in anticipated future interest payments on existing debt.   The fair value of the Company’s derivative instruments are determined using the net discounted cash flows of the expected cash flows of the derivative based on the market based interest rate curve and are adjusted to reflect credit or nonperformance risk.  The risk is estimated by the Company using credit spreads and risk premiums that are observable in the market. These financial instruments were classified within Level 2 of the fair value hierarchy and were classified as an asset or liability on the condensed consolidated balance sheets. </div><div style="margin-left:0%;margin-right:0%;"> </div><div style="margin-left:0%;margin-right:0%;"></div> </div>

19036000

0.13

0.03

3726000

1274000

317065000

286547000

203628000

159832000

-1765000

18890000

112844000

117134000

108046000

99102000

2528000

2649000

10462000

1500000

9000000

900000

12300000

4100000

12533000

2579000

12694000

2677000

-322000

-285000

-37000

-286000

-257000

-29000

<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> 7.  Income Taxes   General   The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”). As a REIT, the Company generally is entitled to a tax deduction for distributions paid to its shareholders, thereby effectively subjecting the distributed net income of the Company to taxation at the shareholder level only.  The Company must comply with a variety of restrictions to maintain its status as a REIT.  These restrictions include the type of income it can earn, the type of assets it can hold, the number of shareholders it can have and the concentration of their ownership, and the amount of the Company’s taxable income that must be distributed annually.   One such restriction is that the Company generally cannot own more than 10% of the voting power or value of the securities of any one issuer unless the issuer is itself a REIT or a taxable REIT subsidiary (“TRS”).  In the case of TRSs, the Company’s ownership of securities in all TRSs generally cannot exceed 25% of the value of all of the Company’s assets and, when considered together with other non-real estate assets, cannot exceed 25% of the value of all of the Company’s assets.  FSP Investments and FSP Protective TRS Corp. are the Company’s taxable REIT subsidiaries operating as taxable corporations under the Code.   Income taxes are recorded based on the future tax effects of the difference between the tax and financial reporting bases of the Company’s assets and liabilities.  In estimating future tax consequences, potential future events are considered except for potential changes in income tax law or in rates.   The Company adopted an accounting pronouncement related to uncertainty in income taxes effective January 1, 2007, which did not result in recording a liability, nor was any accrued interest and penalties recognized with the adoption.  Accrued interest and penalties will be recorded as income tax expense, if the Company records a liability in the future.  The Company’s effective tax rate was not affected by the adoption.  The Company and one or more of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state jurisdictions.  The statute of limitations for the Company’s income tax returns is generally three years and as such, the Company’s returns that remain subject to examination would be primarily from 2012 and thereafter.   The Company is subject to a  business tax known as the  Revised Texas Franchise Tax.  Some of the Company’s leases allow reimbursement by tenants for these amounts because the Revised Texas Franchise Tax replaces a portion of the property tax for school districts.  Because the tax base on the Revised Texas Franchise Tax is derived from an income based measure,  it is considered an income tax.  The Company recorded a provision for the Revised Texas Franchise Tax of $87,000 and $159,000 for the three months ended March 31, 2016 and 2015, respectively.   Net operating losses   Section 382 of the Code restricts a corporation’s ability to use net operating losses (“NOLs”) to offset future taxable income following certain “ownership changes.” Such ownership changes occurred with past mergers and accordingly a portion of the NOLs incurred by the Sponsored REITs available for use by the Company in any particular future taxable year will be limited. To the extent that the Company does not utilize the full amount of the annual NOLs limit, the unused amount may be carried forward to offset taxable income in future years. NOLs expire 20 years after the year in which they arise, and the last of the Company’s NOLs will expire in 2027. A valuation allowance is provided for the full amount of the NOLs as the realization of any tax benefits from such NOLs is not assured.  The gross amount of NOLs available to the Company was $13,041,000 as of each of March 31, 2016 and December 31, 2015.   Income Tax Expense   The income tax expense reflected in the condensed consolidated statements of income relates primarily to a franchise tax on our Texas properties.  FSP Protective TRS Corp. provides taxable services to tenants at some of the Company’s properties and the tax expenses associated with these activities are reported as Other Taxes in the table below:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:75.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:75.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> For the Three Months Ended March 31, </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:75.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (Dollars in thousands) </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:75.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:75.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Revised Texas franchise tax </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87 </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>159 </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:75.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other Taxes </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11 </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:75.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Taxes on income </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98 </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>161 </td> <td valign="bottom" style="width:01.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>   Taxes on income are a current tax expense.  No deferred income taxes were provided as there were no material temporary differences between the financial reporting basis and the tax basis of the TRSs. </div><div style="margin-left:0%;margin-right:0%;"> </div><div style="margin-left:0%;margin-right:0%;"></div> </div>

161000.000

98000.000

2000.000

11000.000

-7706000

-10374000

-146000

793000

1116000

1825000

-2517000

-2452000

-283000

791000

-686000

-13000

-230000

-396000

1262000

1279000

6187000

6433000

-728000

-12498000

1400000

3300000

700000

12500000

1637066000

1625819000

1000

77019000

76707000

170021000

168120000

983359000

948301000

1919015000

1861385000

290000000

265000000

0.0025

0.0154

0.0169

500000000

164000

118641000

79575000

9000000

12600000

3975000

33000000

21000000

0.044

0.050

0.044

30-day LIBOR

P5Y

P7Y

-47036000

-44036000

39400000

32373000

15062000

7816000

9425000

8697000

2553000

2963000

13041000

-4814000

-6115000

6100000

-4814000

-6115000

21000

20000

4000000

19036000

4298000

6699000

0.0001

20000000

5484000

5943000

400000000

220000000

20000000

15000000

47671000

484000

438000

299991000

309307000

1809615000

1796588000

1509624000

1487281000

59013000

58360000

10048000

9150000

39066000

37541000

48000000

40000000

23000

10000

60507000

59813000

<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Notional </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Strike </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">    </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Effective </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Expiration </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">      </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Fair </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> (in thousands) </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Value </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Rate </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Date </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Date </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> Value </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:05.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> BMO Interest Rate Swap </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>220,000 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.32 </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Aug-13 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> Aug-20 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,498) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> BAML Interest Rate Swap </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>400,000 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:04.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.75 </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> %   </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sep-12 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Sep-17 </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> $ </td> <td valign="bottom" style="width:05.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(728) </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   </div><div style="margin-left:0%;margin-right:0%;"> </div><div style="margin-left:0%;margin-right:0%;"></div> </div>

4829000

4433000

3691000

3530000

935656000

913084000

69000

1275000

2353000

2400000

-2400000

2120000

617647000

617880000

100187000

EX-101.SCH 7 fsp-20160331.xsd EX-101.SCH 00100 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - Condensed Consolidated Statements of Income link:presentationLink link:calculationLink link:definitionLink 00300 - Statement - Condensed Consolidated Statements of Other Comprehensive Income (Loss) link:presentationLink link:calculationLink link:definitionLink 00500 - Statement - Condensed Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 40203 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Equity in earnings and Distributions from non-consolidated REITs (Details) link:presentationLink link:calculationLink link:definitionLink 40206 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Summarized financial information for Sponsored REITs (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - Income Taxes - General and Income Tax Expense (Details) link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00105 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - Bank Note Payable and Term Note Payable link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - Financial Instruments: Derivatives and Hedging link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - Net Income Per Share link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 11001 - Disclosure - Dispositions of properties link:presentationLink link:calculationLink link:definitionLink 11101 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 20102 - Disclosure - Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Policies) link:presentationLink link:calculationLink link:definitionLink 30103 - Disclosure - Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Tables) link:presentationLink link:calculationLink link:definitionLink 30203 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities (Tables) link:presentationLink link:calculationLink link:definitionLink 30403 - Disclosure - Financial Instruments: Derivatives and Hedging (Tables) link:presentationLink link:calculationLink link:definitionLink 30603 - Disclosure - Stockholders' Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 30703 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 40101 - Disclosure - Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Details) - link:presentationLink link:calculationLink link:definitionLink 40201 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Investment in Sponsored REITs (Details) link:presentationLink link:calculationLink link:definitionLink 40202 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Investment in Sponsored REITs - Property Sold (Details) link:presentationLink link:calculationLink link:definitionLink 40204 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Management fees and interest income from loans (Details) link:presentationLink link:calculationLink link:definitionLink 40205 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Sponsored REIT Loans outstanding (Details) link:presentationLink link:calculationLink link:definitionLink 40301 - Disclosure - Bank Note Payable and Term Note Payable (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - Financial Instruments: Derivatives and Hedging (Details) link:presentationLink link:calculationLink link:definitionLink 40501 - Disclosure - Net Income Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 40601 - Disclosure - Stockholders' Equity (Details) link:presentationLink link:calculationLink link:definitionLink 40801 - Disclosure - Dispositions of properties (Details) link:presentationLink link:calculationLink link:definitionLink 40901 - Disclosure - Subsequent Events (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 fsp-20160331_cal.xml EX-101.CAL EX-101.DEF 9 fsp-20160331_def.xml EX-101.DEF EX-101.LAB 10 fsp-20160331_lab.xml EX-101.LAB Document and Entity Information Statement [Table] Statement [Line Items] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Current Reporting Status Entity Filer Category Entity Common Stock, Shares Outstanding Document Fiscal Year Focus Document Fiscal Period Focus Condensed Consolidated Balance Sheets Assets [Abstract] Assets: Real Estate Investment Property, Net [Abstract] Real estate assets: Land Land Investment Building and Building Improvements Buildings and improvements Fixtures and Equipment, Gross Fixtures and equipment Real Estate Investment Property, at Cost Total real estate assets, gross Real Estate Investment Property, Accumulated Depreciation Less accumulated depreciation Real Estate Investment Property, Net Real estate assets, net Finite-Lived Intangible Assets, Net Acquired real estate leases, less accumulated amortization of $117,134 and $112,844, respectively Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures Investment in non-consolidated REITs Assets Held-for-sale, Not Part of Disposal Group Asset held for sale Cash and Cash Equivalents, at Carrying Value Cash and cash equivalents, end of period Cash and cash equivalents, beginning of year Cash and cash equivalents Restricted Cash and Cash Equivalents Restricted cash Accounts Receivable, Net Tenant rent receivables, less allowance for doubtful accounts of $130 and $130, respectively Deferred Rent Receivables, Net Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively Prepaid Expense and Other Assets Prepaid expenses and other assets Loans and Leases Receivable, Related Parties Related party mortgage loan receivables Amount Drawn Derivative Asset Other assets: derivative asset Property, Plant and Equipment, Net Office computers and furniture, net of accumulated depreciation of $1,372 and $1,333, respectively Deferred Costs, Leasing, Net Deferred leasing commissions, net of accumulated amortization of $21,035 and $20,002, respectively Assets Total assets Liabilities and Equity [Abstract] Liabilities and Stockholders' Equity: Liabilities [Abstract] Liabilities: Long-term Line of Credit Bank note payable Borrowings outstanding Unsecured Debt Term loans payable, less unamortized financing costs of $2,120 and $2,353, respectively Accounts Payable and Accrued Liabilities Accounts payable and accrued expenses Employee-related Liabilities Accrued compensation Security Deposit Liability Tenant security deposits Derivative Liability Other liabilities: derivative liability Off-market Lease, Unfavorable Acquired unfavorable real estate leases, less accumulated amortization of $9,822 and $9,368, respectively Liabilities Total liabilities Commitments and Contingencies Commitments and contingencies Stockholders' Equity Attributable to Parent [Abstract] Stockholders' Equity: Preferred Stock, Value, Issued Preferred stock, $.0001 par value, 20,000,000 shares authorized, none issued or outstanding Common Stock, Value, Issued Common stock, $.0001 par value, 180,000,000 shares authorized, 100,187,405 and 100,187,405 shares issued and outstanding, respectively Additional Paid in Capital, Common Stock Additional paid-in capital Accumulated Other Comprehensive Income (Loss), Net of Tax Accumulated other comprehensive loss Accumulated Distributions in Excess of Net Income Accumulated distributions in excess of accumulated earnings Stockholders' Equity Attributable to Parent Total stockholders' equity Liabilities and Equity Total liabilities and stockholders' equity Finite-Lived Intangible Assets, Accumulated Amortization Acquired real estate leases, accumulated amortization Allowance for Doubtful Accounts Receivable Tenant rent receivables, allowance for doubtful accounts The valuation allowance as of the balance sheet date to reduce the gross amount of deferred rent receivables to estimated net realizable value, which would be presented in parentheses on the face of the balance sheet. Allowance for Doubtful Deferred Rent Receivables Straight-line rent receivable, allowance for doubtful accounts Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Office computers and furniture, accumulated depreciation Deferred Costs, Leasing, Accumulated Amortization Deferred leasing commissions, accumulated amortization Unamortized Debt Issuance Expense Term loan payable, unamortized financing costs Debt issuance costs The amount of accumulated amortization related to unfavorable real estate leases. Unfavorable Real Estate Leases Accumulated Amortization Acquired unfavorable real estate leases, accumulated amortization Preferred Stock, Par or Stated Value Per Share Preferred stock, par value (in dollars per share) Preferred Stock, Shares Authorized Preferred stock, shares authorized (in shares) Preferred Stock, Shares Issued Preferred stock, shares issued (in shares) Preferred Stock, Shares Outstanding Preferred stock, shares outstanding (in shares) Common Stock, Par or Stated Value Per Share Common stock, par value (in dollars per share) Common Stock, Shares Authorized Common stock, shares authorized (in shares) Common Stock, Shares, Issued Common stock, shares issued (in shares) Common Stock, Shares, Outstanding Common stock, shares outstanding (in shares) Condensed Consolidated Statements of Income Revenues [Abstract] Revenue: Real Estate Revenue, Net Rental Related Party Revenue [Abstract] Related party revenue: Revenue, comprised of base and incentive revenue derived from the management of joint ventures, managing third-party properties, or another entity's operations. Interest generated from day to day operating activities of the business. This element represents a revenue generating activity and is therefore gross (before any related cost of revenue items). Management Fees and Interest Income, Operating Revenue Management fees and interest income from loans Other Real Estate Revenue Other Revenues Total revenues Costs and Expenses [Abstract] Expenses: Cost of Real Estate Revenue Real estate operating expenses Real Estate Taxes and Insurance Real estate taxes and insurance Depreciation, Depletion and Amortization, Nonproduction Depreciation and amortization Selling, General and Administrative Expense Selling, general and administrative Interest Expense Interest Costs and Expenses Total expenses Operating Income (Loss) Income before interest income, equity in losses of non-consolidated REITs and taxes Investment Income, Interest Interest income Income (Loss) from Equity Method Investments Equity in losses of non-consolidated REITs Equity in losses of non-consolidated REITs Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes Gain on sale of properties, less applicable income tax Gain on sale of properties, less applicable income tax Gain (loss) on sale of property Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest Income before taxes on income Income Tax Expense (Benefit) Taxes on income Taxes on income Income (Loss) from Continuing Operations Attributable to Parent Net income Net income Weighted Average Number of Shares Outstanding, Basic and Diluted Weighted average number of shares outstanding, basic and diluted (in shares) Earnings Per Share, Basic and Diluted Net income per share, basic and diluted (in dollars per share) Condensed Consolidated Statements of Other Comprehensive Income (Loss) Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract] Other comprehensive loss: Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax Unrealized loss on derivative financial instruments Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent Total other comprehensive loss Comprehensive Income (Loss), Net of Tax, Attributable to Parent Comprehensive income (loss) Condensed Consolidated Statements of Cash Flows Net Cash Provided by (Used in) Operating Activities [Abstract] Cash flows from operating activities: Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, Depletion and Amortization Depreciation and amortization expense Amortization of Intangible Assets Amortization of above market lease Increase (Decrease) in Operating Capital [Abstract] Changes in operating assets and liabilities: Increase (Decrease) in Restricted Cash for Operating Activities Restricted cash Increase (Decrease) in Accounts Receivable Tenant rent receivables Straight Line Rent Straight-line rents The increase (decrease) in the balance of operating lease acquisition costs, which represent payments made to tenants as part of a leasing arrangement. Increase (Decrease) in Operating Lease Acquisition Costs Lease acquisition costs Increase (Decrease) in Prepaid Expense and Other Assets Prepaid expenses and other assets Increase (Decrease) in Accounts Payable and Accrued Liabilities Accounts payable, accrued expenses and other items Increase (Decrease) in Employee Related Liabilities Accrued compensation Increase (Decrease) in Security Deposits Tenant security deposits Increase (Decrease) in Deferred Leasing Fees Payment of deferred leasing commissions Net Cash Provided by (Used in) Operating Activities Net cash provided by operating activities Net Cash Provided by (Used in) Investing Activities [Abstract] Cash flows from investing activities: Payments to Acquire Property, Plant, and Equipment Property improvements, fixtures and equipment The cash outflow for acquisition of office computers and furniture. Payments to Acquire Office Computers and Furniture Office computers and furniture Represents a distribution from non-consolidated REITS which constitutes a return of investment. Equity Method Investment Distribution in Excess of Earnings Distributions in excess of earnings from non-consolidated REITs Repayment of Notes Receivable from Related Parties Repayment of related party mortgage loan receivable Proceeds from Sale of Property, Plant, and Equipment Proceeds received on sales of real estate assets Payments for (Proceeds from) Deposits on Real Estate Acquisitions Changes in deposits on real estate assets Net Cash Provided by (Used in) Investing Activities Net cash provided by investing activities Net Cash Provided by (Used in) Financing Activities [Abstract] Cash flows from financing activities: Payments of Ordinary Dividends, Common Stock Distributions to stockholders Proceeds from Lines of Credit Borrowings under bank note payable Repayments of Lines of Credit Repayments of bank note payable Proceeds from Issuance of Unsecured Debt Borrowing of term loan payable Amount drawn down Net Cash Provided by (Used in) Financing Activities Net cash used in financing activities Cash and Cash Equivalents, Period Increase (Decrease) Net increase (decrease) in cash and cash equivalents Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] Non-cash investing and financing activities: Capital Expenditures Incurred but Not yet Paid Accrued costs for purchase of real estate assets Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards The entire disclosure for organization, properties, consolidation and basis of presentation of financial statements, fair value of financial instruments, reclassification of certain amounts to conform to prior presentation and recent accounting pronouncements. Organization Consolidation and Presentation of Financial Statements Financial Instruments and Recent Accounting Standards Disclosure [Text Block] Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards Related Party Transactions and Investments in Non-Consolidated Entities The entire disclosure related to investments in banking or services activity. Related Party Transactions and Investments in Non Consolidated Entities Disclosure [Text Block] Related Party Transactions and Investments in Non-Consolidated Entities Bank Note Payable and Term Note Payable Debt Disclosure [Text Block] Bank Note Payable and Term Note Payable Financial Instruments: Derivatives and Hedging Derivatives and Fair Value [Text Block] Financial Instruments: Derivatives and Hedging Net Income Per Share Earnings Per Share [Text Block] Net Income Per Share Stockholders' Equity Stockholders' Equity Note Disclosure [Text Block] Stockholders' Equity Income Taxes Income Tax Disclosure [Text Block] Income Taxes Dispositions of properties Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] Dispositions and Discontinued Operations Subsequent Events Subsequent Events [Text Block] Subsequent Events Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block] Basis of Presentation Disclosure of accounting policy for financial instruments. Financial Instruments [Policy Text Block] Financial Instruments New Accounting Pronouncements, Policy [Policy Text Block] Recent Accounting Standards Comparability of Prior Year Financial Data, Policy [Policy Text Block] Reclassifications Schedule of Real Estate Properties [Table Text Block] Summary of the entity's investment in real estate assets, including number of properties and rentable square feet of real estate Equity Method Investments [Table Text Block] Schedule of equity in losses of investments in non-consolidated REITs Tabular disclosure of the mortgage loans receivable on real estate. Information may be provided for each individual mortgage loan or groups of mortgage loans. Mortgage Loans on Real Estate by Loan [Table Text Block] Summary of the Sponsored REIT Loans outstanding Tabular disclosure of the summarized financial information of sponsored REITs in which the entity has ownership interests. Sponsored REIT Summarized Financial Information [Table Text Block] Summary of financial information of Sponsored REITs Schedule of Derivative Instruments [Table Text Block] Schedule of notional and fair value of derivative financial instruments Dividends Declared [Table Text Block] Schedule of dividends declared and paid Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] Schedule of income tax expense reflected in the condensed consolidated statements of income Summarization of information related to consolidated entities. Organization and Consolidation [Table] Legal Entity [Axis] Entity [Domain] Entity [Domain] Represents information pertaining to FSP Investments LLC. F S P Investments L L C [Member] FSP Investments LLC Represents information pertaining to FSP Property Management LLC. F S P Property Management L L C [Member] FSP Property Management LLC Represents information pertaining to FSP Holdings LLC. F S P Holdings L L C [Member] FSP Holdings LLC Represents information pertaining to FSP Protective TRS Corp. F S P Protective T R S Corp [Member] FSP Protective TRS Corp. Mortgage Loans on Real Estate, Description, Loan Category [Axis] Mortgage Loans On Real Estate Loan Category [Domain] Mortgage Loans on Real Estate, Loan Category [Domain] Mortgages [Member] Mortgage loan secured by property Organization and Consolidation [Line Items] Organization Real Estate Investments, Net [Abstract] Properties Number of Real Estate Properties Number of properties Area of Real Estate Property Rentable square feet Represents the ownership interest percentage of the parent in consolidated entities. Ownership Interest, Percentage of Parent in Consolidated Entities Ownership interest (as a percent) Represents the number of entities in which the reporting entity has a non-controlling common stock interest. Number of REITs in which Entity Holds Noncontrolling Common Stock Interest Number of REITs in which the entity holds non-controlling common stock interest Represents the number of entities in which the reporting entity has a non-controlling preferred stock interest. Number of REITs in which Entity Holds Noncontrolling Preferred Stock Interest Number of REITs in which the entity holds non-controlling preferred stock interest Represents the number of properties in redevelopment. Number Of Properties In Redevelopment Number of properties in redevelopment Represents the number of promissory notes secured by mortgages on real estate owned by Sponsored REITs. Number of Promissory Notes Secured by Mortgages on Real Estate Owned by Sponsored REITs Number of promissory notes secured by mortgages on real estate owned by Sponsored REITs New Accounting Pronouncements or Change in Accounting Principle [Line Items] Recently Issued Accounting Standards Schedule of Equity Method Investments [Table] Schedule of Equity Method Investments [Line Items] Sponsored REITs Investment in Sponsored REITs Repayments of Debt Repayment of principal Debt Instrument, Face Amount Principal amount of loan Investment, Name [Axis] Equity Method Investee Name [Domain] Investment, Name [Domain] Represents the information pertaining to FSP 303 East Wacker Drive Corp. ("East Wacker"), a sponsored REIT in which the entity holds a non-controlling preferred stock interest. F S P303 East Wacker Drive Corp [Member] East Wacker Represents the information pertaining to FSP Grand Boulevard Corp. ("Grand Boulevard"), a sponsored REIT in which the entity holds a non-controlling preferred stock interest. F S P Grand Boulevard Corp [Member] Grand Boulevard The number of preferred stock purchased in the investee accounted for under the equity method of accounting. Equity Method Investment, Preferred Stock Purchased Preferred shares purchased Represents the percentage of the equity method investee's outstanding preferred stock purchased by the entity during the reporting period. Equity Method Investment, Percentage of Preferred Stock Purchased Percentage of outstanding preferred shares purchased Represents the cost of preferred stock purchased in the investee accounted for under the equity method of accounting, net of commission and fees paid. Equity Method Investment, Preferred Stock Purchased, Net Net cost of preferred shares purchased Represents the offering price of preferred stock purchased in the investee accounted for under the equity method of accounting. Equity Method Investment, Preferred Stock Purchased, Gross Offering price of preferred shares purchased Represents the commission incurred by the entity and excluded during the reporting period. Commissions Excluded Commissions excluded Represents the loan fees incurred by the entity and excluded during the reporting period. Loan Fees Excluded Loan fees excluded EX-101.PRE 11 fsp-20160331_pre.xml EX-101.PRE XML 12 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2016	Apr. 22, 2016
Document and Entity Information
Entity Registrant Name	FRANKLIN STREET PROPERTIES CORP /MA/
Entity Central Index Key	0001031316
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		100,187,405
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1

XML 13 R2.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Real estate assets:
Land	$ 168,120	$ 170,021
Buildings and improvements	1,625,819	1,637,066
Fixtures and equipment	2,649	2,528
Total real estate assets, gross	1,796,588	1,809,615
Less accumulated depreciation	309,307	299,991
Real estate assets, net	1,487,281	1,509,624
Acquired real estate leases, less accumulated amortization of $117,134 and $112,844, respectively	99,102	108,046
Investment in non-consolidated REITs	76,707	77,019
Asset held for sale	15,921
Cash and cash equivalents	14,316	18,163
Restricted cash	10	23
Tenant rent receivables, less allowance for doubtful accounts of $130 and $130, respectively	3,691	2,898
Straight-line rent receivable, less allowance for doubtful accounts of $50 and $50, respectively	49,696	48,502
Prepaid expenses and other assets	5,943	5,484
Related party mortgage loan receivables	79,575	118,641
Other assets: derivative asset		1,132
Office computers and furniture, net of accumulated depreciation of $1,372 and $1,333, respectively	438	484
Deferred leasing commissions, net of accumulated amortization of $21,035 and $20,002, respectively	28,705	28,999
Total assets	1,861,385	1,919,015
Liabilities:
Bank note payable	265,000	290,000
Term loans payable, less unamortized financing costs of $2,120 and $2,353, respectively	617,880	617,647
Accounts payable and accrued expenses	37,791	49,489
Accrued compensation	1,274	3,726
Tenant security deposits	4,433	4,829
Other liabilities: derivative liability	13,226	8,243
Acquired unfavorable real estate leases, less accumulated amortization of $9,822 and $9,368, respectively	8,697	9,425
Total liabilities	$ 948,301	$ 983,359
Commitments and contingencies
Stockholders' Equity:
Preferred stock, $.0001 par value, 20,000,000 shares authorized, none issued or outstanding
Common stock, $.0001 par value, 180,000,000 shares authorized, 100,187,405 and 100,187,405 shares issued and outstanding, respectively	$ 10	$ 10
Additional paid-in capital	1,273,556	1,273,556
Accumulated other comprehensive loss	(13,226)	(7,111)
Accumulated distributions in excess of accumulated earnings	(347,256)	(330,799)
Total stockholders' equity	913,084	935,656
Total liabilities and stockholders' equity	$ 1,861,385	$ 1,919,015

XML 14 R3.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Condensed Consolidated Balance Sheets
Acquired real estate leases, accumulated amortization	$ 117,134	$ 112,844
Tenant rent receivables, allowance for doubtful accounts	130	130
Straight-line rent receivable, allowance for doubtful accounts	50	50
Office computers and furniture, accumulated depreciation	1,372	1,333
Deferred leasing commissions, accumulated amortization	21,035	20,002
Term loan payable, unamortized financing costs	2,120	2,353
Acquired unfavorable real estate leases, accumulated amortization	$ 9,822	$ 9,368
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)		$ 0.0001
Common stock, shares authorized (in shares)	180,000,000	180,000,000
Common stock, shares issued (in shares)	100,187,405	100,187,405
Common stock, shares outstanding (in shares)	100,187,405	100,187,405

XML 15 R4.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Income - USD ($) shares in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue:
Rental	$ 58,360,000	$ 59,013,000
Related party revenue:
Management fees and interest income from loans	1,433,000	1,473,000
Other	20,000	21,000
Total revenues	59,813,000	60,507,000
Expenses:
Real estate operating expenses	15,292,000	15,356,000
Real estate taxes and insurance	9,150,000	10,048,000
Depreciation and amortization	22,445,000	22,672,000
Selling, general and administrative	3,530,000	3,691,000
Interest	6,433,000	6,187,000
Total expenses	56,850,000	57,954,000
Income before interest income, equity in losses of non-consolidated REITs and taxes	2,963,000	2,553,000
Interest income		1,000
Equity in losses of non-consolidated REITs	(286,000)	(322,000)
Gain on sale of properties, less applicable income tax		10,462,000
Income before taxes on income	2,677,000	12,694,000
Taxes on income	98,000.000	161,000.000
Net income	$ 2,579,000	$ 12,533,000
Weighted average number of shares outstanding, basic and diluted (in shares)	100,187	100,187
Net income per share, basic and diluted (in dollars per share)	$ 0.03	$ 0.13

XML 16 R5.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Other Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Consolidated Statements of Other Comprehensive Income (Loss)
Net income	$ 2,579	$ 12,533
Other comprehensive loss:
Unrealized loss on derivative financial instruments	(6,115)	(4,814)
Total other comprehensive loss	(6,115)	(4,814)
Comprehensive income (loss)	$ (3,536)	$ 7,719

XML 17 R6.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 2,579	$ 12,533
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	22,962	23,189
Amortization of above market lease	81	6
Gain on sale of properties, less applicable income tax		(10,462)
Equity in losses of non-consolidated REITs	286	322
Changes in operating assets and liabilities:
Restricted cash	13	686
Tenant rent receivables	(793)	146
Straight-line rents	(1,275)	(69)
Lease acquisition costs	(199)	(3)
Prepaid expenses and other assets	(791)	283
Accounts payable, accrued expenses and other items	(10,374)	(7,706)
Accrued compensation	(2,452)	(2,517)
Tenant security deposits	(396)	(230)
Payment of deferred leasing commissions	(1,825)	(1,116)
Net cash provided by operating activities	7,816	15,062
Cash flows from investing activities:
Property improvements, fixtures and equipment	(6,699)	(4,298)
Office computers and furniture	(21)
Distributions in excess of earnings from non-consolidated REITs	27	27
Repayment of related party mortgage loan receivable	39,066
Proceeds received on sales of real estate assets		47,671
Changes in deposits on real estate assets		(4,000)
Net cash provided by investing activities	32,373	39,400
Cash flows from financing activities:
Distributions to stockholders	(19,036)	(19,036)
Borrowings under bank note payable	15,000	20,000
Repayments of bank note payable	(40,000)	(48,000)
Net cash used in financing activities	(44,036)	(47,036)
Net increase (decrease) in cash and cash equivalents	(3,847)	7,426
Cash and cash equivalents, beginning of year	18,163	7,519
Cash and cash equivalents, end of period	14,316	14,945
Non-cash investing and financing activities:
Accrued costs for purchase of real estate assets	$ 1,887	$ 2,998

XML 18 R7.htm IDEA: XBRL DOCUMENT

Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards

3 Months Ended

Mar. 31, 2016

Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards

Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards

Franklin Street Properties Corp.
Notes to Condensed Consolidated Financial Statements
(Unaudited)

1. Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards

Organization

Properties


	As of March 31,
	2016	2015
Commercial real estate:
Number of properties	35	36
Rentable square feet	9,325,249	9,310,131

Basis of Presentation

Financial Instruments

The Company estimates that the carrying values of cash and cash equivalents, restricted cash, receivables, loans receivable, prepaid expenses, accounts payable and accrued expenses, accrued compensation, tenant security deposits approximate their fair values based on their short-term maturity and the bank note and term loans payable approximate their fair values as they bear interest at variable interest rates.

Recent Accounting Standards

Reclassifications

XML 19 R8.htm IDEA: XBRL DOCUMENT

Related Party Transactions and Investments in Non-Consolidated Entities

3 Months Ended

Mar. 31, 2016

2. Related Party Transactions and Investments in Non-Consolidated Entities

Investment in Sponsored REITs:

During the year ended December 31, 2015, a property owned by a Sponsored REIT was sold and, thereafter, liquidating distributions to its preferred shareholders were declared and issued.

Equity in losses of investment in non-consolidated REITs:

The following table includes equity in losses of investments in non-consolidated REITs


	Three Months Ended March 31,
(in thousands)	2016		2015

Equity in losses of East Wacker		257		285
Equity in losses of Grand Boulevard		29		37
	$	286	$	322

The Company recorded distributions of $27,000 from non-consolidated REITs during the three months ended March 31, 2016 and 2015.

Management fees and interest income from loans:

From time to time the Company may make secured loans (“Sponsored REIT Loans”) to Sponsored REITs in the form of mortgage loans or revolving lines of credit to fund construction costs, capital expenditures, leasing costs and for other purposes. The Company reviews Sponsored REIT loans for impairment each reporting period. A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts recorded on the balance sheet. The Company applies normal loan review and underwriting procedures (as may be implemented or modified from time to time) in making that judgment. None of the Sponsored REIT loans have been impaired.

The following is a summary of the Sponsored REIT Loans outstanding as of March 31, 2016:


			Maximum		Amount							Interest
(dollars in thousands)		Maturity	Amount		Drawn at		Interest			Draw		Rate at
Sponsored REIT	Location	Date	of Loan		31-Mar-16		Rate (1)			Fee (2)		31-Mar-16

Secured revolving lines of credit
FSP Satellite Place Corp.	Duluth, GA	31-Mar-17	$	5,500	$	3,975	L+	4.4	%	0.5	%	4.84	%
FSP 1441 Main Street Corp. (3)	Columbia, SC	31-Mar-17		10,800		9,000	L+	4.4	%	0.5	%	4.84	%
FSP Energy Tower I Corp.	Houston, TX	30-Jun-17		20,000		12,600	L+	5.0	%	0.5	%	5.44	%

Mortgage loan secured by property
FSP Monument Circle LLC (4)	Indianapolis, IN	7-Dec-18		21,000		21,000		4.90	%	n/a		4.90	%
FSP Energy Tower I Corp. (5)	Houston, TX	30-Jun-17		33,000		33,000		6.41	%	n/a		6.41	%

			$	90,300	$	79,575

(1)

The interest rate is 30-day LIBOR rate plus the additional rate indicated, otherwise a fixed rate.

(2)

The draw fee is a percentage of each new advance, and is paid at the time of each new draw.

(3)

This revolving line of credit was extended on March 25, 2016.

(4)

This mortgage loan includes an origination fee of $164,000 and an exit fee of $38,000 when repaid by the borrower.

(5)

This mortgage loan includes an annual extension fee of $108,900 paid by the borrower.

The Company recognized interest income and fees from the Sponsored REIT Loans of approximately $1,279,000 and $1,262,000 for the three months ended March 31, 2016 and 2015, respectively.

Non-consolidated REITs:

Summarized financial information for these Sponsored REITs is as follows:


	March 31,		December 31,
(in thousands)	2016		2015

Balance Sheet Data (unaudited):
Real estate, net	$	359,005	$	418,959
Other assets		87,374		101,734
Total liabilities		(159,832)		(203,628)
Shareholders’ equity	$	286,547	$	317,065


	For the Three Months Ended
	March 31,
(in thousands)	2016		2015

Operating Data (unaudited):
Rental revenues	$	13,415	$	13,900
Other revenues		10		2
Operating and maintenance expenses		(7,576)		(8,235)
Depreciation and amortization		(4,510)		(4,975)
Interest expense		(2,197)		(2,457)
Gain on sale, less applicable income tax		19,748		—
Net income (loss)	$	18,890	$	(1,765)

XML 20 R9.htm IDEA: XBRL DOCUMENT

Bank Note Payable and Term Note Payable

3 Months Ended

Mar. 31, 2016

Bank Note Payable and Term Note Payable

Bank Note Payable and Term Note Payable

3. Bank Note Payable and Term Note Payable

BMO Term Loan

BAML Credit Facility

BAML Revolver Highlights

BAML Term Loan Highlights

The BAML Term Loan is for $400,000,000.

The BAML Term Loan matures on September 27, 2017.

On September 27, 2012, the Company drew down the entire $400,000,000 and such amount remains fully advanced and outstanding under the BAML Credit Agreement.

BAML Credit Facility General Information

XML 21 R10.htm IDEA: XBRL DOCUMENT

Financial Instruments: Derivatives and Hedging

3 Months Ended

Mar. 31, 2016

Financial Instruments: Derivatives and Hedging

Financial Instruments: Derivatives and Hedging

4. Financial Instruments: Derivatives and Hedging


	Notional		Strike		Effective	Expiration	Fair
(in thousands)	Value		Rate		Date	Date	Value

BMO Interest Rate Swap	$	220,000	2.32	%	Aug-13	Aug-20	$	(12,498)
BAML Interest Rate Swap	$	400,000	0.75	%	Sep-12	Sep-17	$	(728)

Over time, the unrealized gains and losses held in accumulated other comprehensive income will be reclassified into earnings as an increase or reduction to interest expense in the same periods in which the hedged interest payments affect earnings. The Company estimates that approximately $3.3 million of the current balance held in accumulated other comprehensive income will be reclassified into earnings within the next 12 months.

The Company is hedging the exposure to variability in anticipated future interest payments on existing debt.

XML 22 R11.htm IDEA: XBRL DOCUMENT

Net Income Per Share	3 Months Ended
Net Income Per Share	Mar. 31, 2016
Net Income Per Share
Net Income Per Share	5. Net Income Per Share Basic net income per share is computed by dividing net income by the weighted average number of Company shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue shares were exercised or converted into shares. There were no potential dilutive shares outstanding at March 31, 2016 and 2015, respectively.

XML 23 R12.htm IDEA: XBRL DOCUMENT

Stockholders' Equity

3 Months Ended

Mar. 31, 2016

Stockholders' Equity

Stockholders' Equity

6. Stockholders’ Equity

As of March 31, 2016, the Company had 100,187,405 shares of common stock outstanding. The Company declared and paid dividends as follows (in thousands, except per share amounts):


	Dividends Per		Total
Quarter Paid	Share		Dividends

First quarter of 2016	$	0.19	$	19,036

First quarter of 2015	$	0.19	$	19,036

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

XML 24 R13.htm IDEA: XBRL DOCUMENT

Income Taxes

3 Months Ended

Mar. 31, 2016

Income Taxes

Income Taxes

7. Income Taxes

General

Net operating losses

Income Tax Expense


	For the Three Months Ended March 31,
(Dollars in thousands)	2016		2015

Revised Texas franchise tax	$	87	$	159
Other Taxes		11		2
Taxes on income	$	98	$	161

Taxes on income are a current tax expense. No deferred income taxes were provided as there were no material temporary differences between the financial reporting basis and the tax basis of the TRSs.

XML 25 R14.htm IDEA: XBRL DOCUMENT

Dispositions of properties	3 Months Ended
Dispositions of properties	Mar. 31, 2016
Dispositions of properties
Dispositions and Discontinued Operations	8. Dispositions of properties The Company sold an office property located in Plano, Texas on February 23, 2015 at a $1.5 million gain, an office property located in Eden Prairie, Minnesota on March 31, 2015 at a $9.0 million gain, an office property located in Charlotte, North Carolina on May 13, 2015 at a $0.9 million gain and an office property located in San Jose, California on December 9, 2015 at a $12.3 million gain. During the three months ended March 31, 2016, the Company reached an agreement to sell an office property located in Maryland Heights, Missouri. The property was classified as an asset held for sale at March 31, 2016 and was sold on April 5, 2016 at approximately a $4.1 million gain. The disposal of the properties does not represent a strategic shift that has a major effect on the Company's operations and financial results. Accordingly, the properties remain classified within continuing operations for all periods presented.

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760

+ Details

XML 26 R15.htm IDEA: XBRL DOCUMENT

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2016
Subsequent Events
Subsequent Events	9. Subsequent Events On April 8, 2016, the Board of Directors of the Company declared a cash distribution of $0.19 per share of common stock payable on May 12, 2016 to stockholders of record on April 22, 2016.

XML 27 R16.htm IDEA: XBRL DOCUMENT

Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Policies)	3 Months Ended
	Mar. 31, 2016
Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements of the Company include all the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated. These financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for its fiscal year ended December 31, 2015, as filed with the Securities and Exchange Commission. The accompanying interim financial statements are unaudited; however, the financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and in conjunction with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the disclosures required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting solely of normal recurring matters) necessary for a fair presentation of the financial statements for these interim periods have been included. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ended December 31, 2016 or for any other period.
Financial Instruments	Financial Instruments The Company estimates that the carrying values of cash and cash equivalents, restricted cash, receivables, loans receivable, prepaid expenses, accounts payable and accrued expenses, accrued compensation, tenant security deposits approximate their fair values based on their short-term maturity and the bank note and term loans payable approximate their fair values as they bear interest at variable interest rates.
Recent Accounting Standards	Recent Accounting Standards In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which provides guidance for revenue recognition. The standard’s core principle is that a company will recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which a company expects to be entitled in exchange for those goods or services. This update is effective for interim and annual reporting periods beginning after December 15, 2017. The Company is currently in the process of evaluating the impact the adoption of this ASU will have on the condensed consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This update requires an entity to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the financial statements are available to be issued when applicable) and to provide related footnote disclosures in certain circumstances. This update is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter with early adoption permitted. The implementation of this update is not expected to cause any significant changes to the condensed consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 was effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments in ASU 2015-02 using: (a) a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption; or (b) by applying the amendments retrospectively. ASU 2015-02 was adopted on January 1, 2016. The implementation of this update did not cause any material changes to the consolidated financial statements for any period. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), (“ASU 2016-02). ASU 2016-02 requires lessees to put most leases on their balance sheets but recognize expenses on their income statements in a manner similar to today’s accounting. The guidance also eliminates today’s real estate-specific provisions for all entities. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. This new standard is effective for annual periods beginning after 15 December 2018, and interim periods thereafter with early adoption is permitted The Company is currently in the process of evaluating the impact the adoption of this ASU will have on the condensed consolidated financial statements.
Reclassifications	Reclassifications Certain amounts from the 2015 financial statements have been reclassified to conform to the 2016 presentation. The reclassifications were related primarily to conform to ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. This new standard was effective for interim and annual reporting periods beginning after December 15, 2015 and requires retrospective application. Approximately $2.4 million of debt issuance costs were reclassified from other assets to contra term loans on the balance sheet at December 31, 2015. There was no change to net income for any period presented as a result of these reclassifications.

XML 28 R17.htm IDEA: XBRL DOCUMENT

Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Tables)

3 Months Ended

Mar. 31, 2016

Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards

Summary of the entity's investment in real estate assets, including number of properties and rentable square feet of real estate


	As of March 31,
	2016	2015
Commercial real estate:
Number of properties	35	36
Rentable square feet	9,325,249	9,310,131

XML 29 R18.htm IDEA: XBRL DOCUMENT

Related Party Transactions and Investments in Non-Consolidated Entities (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of equity in losses of investments in non-consolidated REITs


	Three Months Ended March 31,
(in thousands)	2016		2015

Equity in losses of East Wacker		257		285
Equity in losses of Grand Boulevard		29		37
	$	286	$	322

Summary of the Sponsored REIT Loans outstanding


			Maximum		Amount							Interest
(dollars in thousands)		Maturity	Amount		Drawn at		Interest			Draw		Rate at
Sponsored REIT	Location	Date	of Loan		31-Mar-16		Rate (1)			Fee (2)		31-Mar-16

Secured revolving lines of credit
FSP Satellite Place Corp.	Duluth, GA	31-Mar-17	$	5,500	$	3,975	L+	4.4	%	0.5	%	4.84	%
FSP 1441 Main Street Corp. (3)	Columbia, SC	31-Mar-17		10,800		9,000	L+	4.4	%	0.5	%	4.84	%
FSP Energy Tower I Corp.	Houston, TX	30-Jun-17		20,000		12,600	L+	5.0	%	0.5	%	5.44	%

Mortgage loan secured by property
FSP Monument Circle LLC (4)	Indianapolis, IN	7-Dec-18		21,000		21,000		4.90	%	n/a		4.90	%
FSP Energy Tower I Corp. (5)	Houston, TX	30-Jun-17		33,000		33,000		6.41	%	n/a		6.41	%

			$	90,300	$	79,575

(1)

The interest rate is 30-day LIBOR rate plus the additional rate indicated, otherwise a fixed rate.

(2)

The draw fee is a percentage of each new advance, and is paid at the time of each new draw.

(3)

This revolving line of credit was extended on March 25, 2016.

(4)

This mortgage loan includes an origination fee of $164,000 and an exit fee of $38,000 when repaid by the borrower.

(5)

This mortgage loan includes an annual extension fee of $108,900 paid by the borrower.

Summary of financial information of Sponsored REITs

	March 31,		December 31,
(in thousands)	2016		2015

Balance Sheet Data (unaudited):
Real estate, net	$	359,005	$	418,959
Other assets		87,374		101,734
Total liabilities		(159,832)		(203,628)
Shareholders’ equity	$	286,547	$	317,065


	For the Three Months Ended
	March 31,
(in thousands)	2016		2015

Operating Data (unaudited):
Rental revenues	$	13,415	$	13,900
Other revenues		10		2
Operating and maintenance expenses		(7,576)		(8,235)
Depreciation and amortization		(4,510)		(4,975)
Interest expense		(2,197)		(2,457)
Gain on sale, less applicable income tax		19,748		—
Net income (loss)	$	18,890	$	(1,765)

XML 30 R19.htm IDEA: XBRL DOCUMENT

Financial Instruments: Derivatives and Hedging (Tables)

3 Months Ended

Mar. 31, 2016

Financial Instruments: Derivatives and Hedging

Schedule of notional and fair value of derivative financial instruments


	Notional		Strike		Effective	Expiration	Fair
(in thousands)	Value		Rate		Date	Date	Value

BMO Interest Rate Swap	$	220,000	2.32	%	Aug-13	Aug-20	$	(12,498)
BAML Interest Rate Swap	$	400,000	0.75	%	Sep-12	Sep-17	$	(728)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41678-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41638-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579245-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579240-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41620-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

XML 31 R20.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

Stockholders' Equity

Schedule of dividends declared and paid


	Dividends Per		Total
Quarter Paid	Share		Dividends

First quarter of 2016	$	0.19	$	19,036

First quarter of 2015	$	0.19	$	19,036

XML 32 R21.htm IDEA: XBRL DOCUMENT

Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

Income Taxes

Schedule of income tax expense reflected in the condensed consolidated statements of income


	For the Three Months Ended March 31,
(Dollars in thousands)	2016		2015

Revised Texas franchise tax	$	87	$	159
Other Taxes		11		2
Taxes on income	$	98	$	161

XML 33 R22.htm IDEA: XBRL DOCUMENT

Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Details) - $ in Thousands	Mar. 31, 2016 USD ($) ft² entity property item	Dec. 31, 2015 USD ($) entity	Mar. 31, 2015 ft² property
Properties
Number of properties \| property	35		36
Rentable square feet \| ft²	9,325,249		9,310,131
Number of REITs in which the entity holds non-controlling common stock interest \| entity	8	9
Number of REITs in which the entity holds non-controlling preferred stock interest \| entity	2
Number of properties in redevelopment \| property	1
Number of promissory notes secured by mortgages on real estate owned by Sponsored REITs \| item	5
Recently Issued Accounting Standards
Debt issuance costs \| $	$ 2,120	$ 2,353
Accounting Standards Update 2015-03: Simplifying the Presentation of Debt Issuance Costs \| Other assets
Recently Issued Accounting Standards
Debt issuance costs \| $		(2,400)
Accounting Standards Update 2015-03: Simplifying the Presentation of Debt Issuance Costs \| Contra term loans
Recently Issued Accounting Standards
Debt issuance costs \| $		$ 2,400
Mortgage loan secured by property
Properties
Number of promissory notes secured by mortgages on real estate owned by Sponsored REITs \| item	2
Secured revolving lines of credit
Properties
Number of promissory notes secured by mortgages on real estate owned by Sponsored REITs \| item	3
FSP Investments LLC
Properties
Ownership interest (as a percent)	100.00%
FSP Property Management LLC
Properties
Ownership interest (as a percent)	100.00%
FSP Holdings LLC
Properties
Ownership interest (as a percent)	100.00%
FSP Protective TRS Corp.
Properties
Ownership interest (as a percent)	100.00%

XML 34 R23.htm IDEA: XBRL DOCUMENT

Related Party Transactions and Investments in Non-Consolidated Entities - Investment in Sponsored REITs (Details) - entity	Mar. 31, 2016	Dec. 31, 2015
Related Party Transactions and Investments in Non-Consolidated Entities
Number of REITs in which the entity holds non-controlling common stock interest	8	9
Number of REITs in which the entity holds non-controlling preferred stock interest	2

XML 35 R24.htm IDEA: XBRL DOCUMENT

Related Party Transactions and Investments in Non-Consolidated Entities - Investment in Sponsored REITs - Property Sold (Details)	3 Months Ended
	Mar. 31, 2016 USD ($)
FSP 385 Interlocken Development Corp.
Investment in Sponsored REITs
Repayment of principal	$ 37,541,000

XML 36 R25.htm IDEA: XBRL DOCUMENT

Related Party Transactions and Investments in Non-Consolidated Entities - Equity in earnings and Distributions from non-consolidated REITs (Details) - USD ($)	1 Months Ended		3 Months Ended
	May. 31, 2009	Dec. 31, 2007	Mar. 31, 2016	Mar. 31, 2015
Sponsored REITs
Equity in losses of non-consolidated REITs			$ 286,000	$ 322,000
Distributions received from non-consolidated REITs
Distributions from non-consolidated REITs			27,000	27,000
East Wacker
Sponsored REITs
Equity in losses of non-consolidated REITs			257,000	285,000
Preferred shares purchased		965.75
Percentage of outstanding preferred shares purchased		43.70%
Net cost of preferred shares purchased		$ 82,813,000
Offering price of preferred shares purchased		96,575,000
Commissions excluded		7,726,000
Loan fees excluded		5,553,000
Acquisition fees excluded		$ 483,000
Grand Boulevard
Sponsored REITs
Equity in losses of non-consolidated REITs			$ 29,000	$ 37,000
Preferred shares purchased	175.5
Percentage of outstanding preferred shares purchased	27.00%
Net cost of preferred shares purchased	$ 15,049,000
Offering price of preferred shares purchased	17,550,000
Commissions excluded	1,404,000
Loan fees excluded	1,009,000
Acquisition fees excluded	$ 88,000

XML 37 R26.htm IDEA: XBRL DOCUMENT

Related Party Transactions and Investments in Non-Consolidated Entities - Management fees and interest income from loans (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Related Party Transactions and Investments in Non-Consolidated Entities
Asset management fees, low end of range (as a percent)	1.00%
Asset management fees, high end of range (as a percent)	5.00%
Notice period for cancellation of applicable contracts	30 days
Asset management fee income from non-consolidated entities	$ 154,000	$ 211,000

XML 38 R27.htm IDEA: XBRL DOCUMENT

Related Party Transactions and Investments in Non-Consolidated Entities - Sponsored REIT Loans outstanding (Details)	3 Months Ended
	Mar. 31, 2016 USD ($) loan	Mar. 31, 2015 USD ($)	Dec. 31, 2015 USD ($)
Sponsored REITs
Number of Sponsored REIT loans which bear interest at a fixed rate \| loan	2
Maximum amount of loan	$ 90,300,000
Amount Drawn	$ 79,575,000		$ 118,641,000
Sponsored REITs
Sponsored REITs
Term of sponsored REIT loan secured by mortgage, minimum	1 year
Term of sponsored REIT loan secured by mortgage, maximum	3 years
Interest income and fees from the Sponsored REIT Loans	$ 1,279,000	$ 1,262,000
FSP Monument Circle LLC
Sponsored REITs
Origination fee	164,000
Exit fee	38,000
FSP Energy Tower I Corp.
Sponsored REITs
Extension fee	108,900
Secured revolving lines of credit \| FSP Satellite Place Corp.
Sponsored REITs
Maximum amount of loan	5,500,000
Amount Drawn	$ 3,975,000
Sponsored REIT loans, base rate	30-day LIBOR
Sponsored REIT loans, base rate margin (as a percent)	4.40%
Draw Fee (as a percent)	0.50%
Interest rate (as a percent)	4.84%
Secured revolving lines of credit \| FSP 1441 Main Street Corp.
Sponsored REITs
Maximum amount of loan	$ 10,800,000
Amount Drawn	$ 9,000,000
Sponsored REIT loans, base rate	30-day LIBOR
Sponsored REIT loans, base rate margin (as a percent)	4.40%
Draw Fee (as a percent)	0.50%
Interest rate (as a percent)	4.84%
Secured revolving lines of credit \| FSP Energy Tower I Corp.
Sponsored REITs
Maximum amount of loan	$ 20,000,000
Amount Drawn	$ 12,600,000
Sponsored REIT loans, base rate	30-day LIBOR
Sponsored REIT loans, base rate margin (as a percent)	5.00%
Draw Fee (as a percent)	0.50%
Interest rate (as a percent)	5.44%
Mortgage loan secured by property \| FSP Monument Circle LLC
Sponsored REITs
Maximum amount of loan	$ 21,000,000
Amount Drawn	$ 21,000,000
Fixed rate of interest (as a percent)	4.90%
Interest rate (as a percent)	4.90%
Mortgage loan secured by property \| FSP Energy Tower I Corp.
Sponsored REITs
Maximum amount of loan	$ 33,000,000
Amount Drawn	$ 33,000,000
Fixed rate of interest (as a percent)	6.41%
Interest rate (as a percent)	6.41%

XML 39 R28.htm IDEA: XBRL DOCUMENT

Related Party Transactions and Investments in Non-Consolidated Entities - Summarized financial information for Sponsored REITs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($) entity	Mar. 31, 2015 USD ($) entity	Dec. 31, 2015 USD ($) entity
Related Party Transactions and Investments in Non-Consolidated Entities
Number of REITs in which the entity holds non-controlling common stock interest \| entity	8		9
Number of REITs in which are included in the operations data \| entity	9	10
Balance Sheet Data (unaudited):
Real estate, net	$ 359,005		$ 418,959
Other assets	87,374		101,734
Total liabilities	(159,832)		(203,628)
Shareholders' equity	286,547		$ 317,065
Operating Data (unaudited):
Rental revenues	13,415	$ 13,900
Other revenues	10	2
Operating and maintenance expenses	(7,576)	(8,235)
Depreciation and amortization	(4,510)	(4,975)
Interest expense	(2,197)	(2,457)
Gain on sale, less applicable income tax	19,748
Net income (loss)	$ 18,890	$ (1,765)

XML 40 R29.htm IDEA: XBRL DOCUMENT

Bank Note Payable and Term Note Payable (Details) - USD ($)			3 Months Ended	12 Months Ended
	Aug. 26, 2013	Sep. 27, 2012	Mar. 31, 2016	Dec. 31, 2015	Oct. 29, 2014
Debt Instrument [Line Items]
Borrowings outstanding			$ 265,000,000	$ 290,000,000
BAML Revolver
Debt Instrument [Line Items]
Total available			500,000,000
Additional borrowing capacity allowed by exercising an accordion feature			250,000,000
Borrowings outstanding			$ 265,000,000	$ 290,000,000
Extension available on debt			12 months
Facility fee (as a percent)			0.25%
Interest rate during period (as a percent)			1.69%	1.54%
Weighted average interest rate (as a percent)			1.67%	1.44%
BAML Revolver \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.25%
BAML Revolver \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			0.25%
BAML Term Loan
Debt Instrument [Line Items]
Principal amount of loan			$ 400,000,000
Amount drawn down		$ 400,000,000
Effective interest rate (as a percent)			2.20%
BAML Term Loan \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.45%
Fixed rate (as a percent)		0.75%
Term pursuant to interest rate swap agreement		5 years
BAML Term Loan \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			0.45%
BMO Term Loan
Debt Instrument [Line Items]
Principal amount of loan	$ 220,000,000
Amount drawn down	$ 220,000,000
Additional loans allowed by exercising an accordion feature					$ 50,000,000
Effective interest rate (as a percent)			3.97%
BMO Term Loan \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.65%
Fixed rate (as a percent)			2.32%
Term pursuant to interest rate swap agreement	7 years
BMO Term Loan \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			0.65%

XML 41 R30.htm IDEA: XBRL DOCUMENT

Financial Instruments: Derivatives and Hedging (Details) - USD ($) $ in Thousands			3 Months Ended
	Aug. 26, 2013	Sep. 27, 2012	Mar. 31, 2016
BMO and BAML Interest Rate Swaps \| Cash flow hedges
Financial Instruments: Derivatives and Hedging
Unrealized gains or losses on derivative financial instruments in accumulated other comprehensive income			$ 6,100
Interest reclassified from accumulated other comprehensive income into interest expense			1,400
Amount estimated to be reclassified into earnings within next 12 months			3,300
BMO Interest Rate Swap
Financial Instruments: Derivatives and Hedging
Fair Value			12,500
BMO Interest Rate Swap \| Cash flow hedges
Financial Instruments: Derivatives and Hedging
Term pursuant to interest rate swap agreement	7 years
Notional Value			$ 220,000
Strike Rate (as a percent)			2.32%
Fair Value			$ (12,498)
BAML Interest Rate Swap
Financial Instruments: Derivatives and Hedging
Fair Value			700
BAML Interest Rate Swap \| Cash flow hedges
Financial Instruments: Derivatives and Hedging
Term pursuant to interest rate swap agreement		5 years
Notional Value			$ 400,000
Strike Rate (as a percent)			0.75%
Fair Value			$ (728)

XML 42 R31.htm IDEA: XBRL DOCUMENT

Net Income Per Share (Details) - shares	3 Months Ended
Net Income Per Share (Details) - shares	Mar. 31, 2016	Mar. 31, 2015
Net Income Per Share
Potential dilutive shares outstanding	0	0

XML 43 R32.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Stockholders' Equity
Common stock, shares outstanding (in shares)	100,187,405		100,187,405
Dividends declared and paid
Dividends Per Share (in dollars per share)	$ 0.19	$ 0.19
Total Dividends	$ 19,036	$ 19,036

XML 44 R33.htm IDEA: XBRL DOCUMENT

Income Taxes - General and Income Tax Expense (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Taxes
Maximum ownership as a percentage of the voting power or value of the securities of each issuer other than REIT or "TRS"	10.00%
Maximum ownership of securities in all TRS (as a percent)	25.00%
Maximum ownership of securities in all TRS when considered together with other non-real estate assets (as a percent)	25.00%
Period of statute of limitations applicable to the entity's income tax returns	3 years
Net operating losses
NOLs expiration period	20 years
Gross amount of NOLs available to company	$ 13,041,000		$ 13,041,000
Income Tax Expense
Revised Texas franchise tax	87,000.000	$ 159,000.000
Other Taxes	11,000.000	2,000.000
Taxes on income	98,000.000	$ 161,000.000
Deferred income taxes	$ 0

XML 45 R34.htm IDEA: XBRL DOCUMENT

Dispositions of properties (Details) - USD ($) $ in Thousands						3 Months Ended
	Apr. 05, 2016	Dec. 09, 2015	May. 13, 2015	Mar. 31, 2015	Feb. 23, 2015	Mar. 31, 2015	Mar. 31, 2016
Gain (loss) on sale of property
Gain (loss) on sale of property						$ 10,462
Asset held for sale							$ 15,921
Office Property in Plano, Texas \| Disposal group disposed of by sale, not classified as discontinued operations
Gain (loss) on sale of property
Gain (loss) on sale of property					$ 1,500
Office Property in Eden Prairie, Minnesota \| Disposal group disposed of by sale, not classified as discontinued operations
Gain (loss) on sale of property
Gain (loss) on sale of property				$ 9,000
Office Property in Charlotte, North Carolina \| Disposal group disposed of by sale, not classified as discontinued operations
Gain (loss) on sale of property
Gain (loss) on sale of property			$ 900
Office Property in San Jose, California \| Disposal group disposed of by sale, not classified as discontinued operations
Gain (loss) on sale of property
Gain (loss) on sale of property		$ 12,300
Office Property In Maryland Heights Missouri \| Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations
Gain (loss) on sale of property
Asset held for sale							$ 4,100
Office Property In Maryland Heights Missouri \| Disposal group disposed of by sale, not classified as discontinued operations
Gain (loss) on sale of property
Gain (loss) on sale of property	$ 4,100

XML 46 R35.htm IDEA: XBRL DOCUMENT

Subsequent Events (Details) - $ / shares		3 Months Ended
Subsequent Events (Details) - $ / shares	Apr. 08, 2016	Mar. 31, 2016	Mar. 31, 2015
Subsequent Events
Cash dividend declared per share (in dollars per share)		$ 0.19	$ 0.19
Cash distribution declared \| Subsequent Events
Subsequent Events
Cash dividend declared per share (in dollars per share)	$ 0.19

EXCEL 47 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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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 51 FilingSummary.xml IDEA: XBRL DOCUMENT 3.4.0.3 html 69 204 1 false 35 0 false 9 false false R1.htm 00090 - Document - Document and Entity Information Sheet http://www.franklinstreetproperties.com/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00100 - Statement - Condensed Consolidated Balance Sheets Sheet http://www.franklinstreetproperties.com/role/StatementCondensedConsolidatedBalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00105 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://www.franklinstreetproperties.com/role/StatementCondensedConsolidatedBalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00200 - Statement - Condensed Consolidated Statements of Income Sheet http://www.franklinstreetproperties.com/role/StatementCondensedConsolidatedStatementsOfIncome Condensed Consolidated Statements of Income Statements 4 false false R5.htm 00300 - Statement - Condensed Consolidated Statements of Other Comprehensive Income (Loss) Sheet http://www.franklinstreetproperties.com/role/StatementCondensedConsolidatedStatementsOfOtherComprehensiveIncomeLoss Condensed Consolidated Statements of Other Comprehensive Income (Loss) Statements 5 false false R6.htm 00500 - Statement - Condensed Consolidated Statements of Cash Flows Sheet http://www.franklinstreetproperties.com/role/StatementCondensedConsolidatedStatementsOfCashFlows Condensed Consolidated Statements of Cash Flows Statements 6 false false R7.htm 10101 - Disclosure - Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards Sheet http://www.franklinstreetproperties.com/role/DisclosureOrganizationPropertiesBasisOfPresentationFinancialInstrumentsAndRecentAccountingStandards Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards Notes 7 false false R8.htm 10201 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities Sheet http://www.franklinstreetproperties.com/role/DisclosureRelatedPartyTransactionsAndInvestmentsInNonConsolidatedEntities Related Party Transactions and Investments in Non-Consolidated Entities Notes 8 false false R9.htm 10301 - Disclosure - Bank Note Payable and Term Note Payable Sheet http://www.franklinstreetproperties.com/role/DisclosureBankNotePayableAndTermNotePayable Bank Note Payable and Term Note Payable Notes 9 false false R10.htm 10401 - Disclosure - Financial Instruments: Derivatives and Hedging Sheet http://www.franklinstreetproperties.com/role/DisclosureFinancialInstrumentsDerivativesAndHedging Financial Instruments: Derivatives and Hedging Notes 10 false false R11.htm 10501 - Disclosure - Net Income Per Share Sheet http://www.franklinstreetproperties.com/role/DisclosureNetIncomePerShare Net Income Per Share Notes 11 false false R12.htm 10601 - Disclosure - Stockholders' Equity Sheet http://www.franklinstreetproperties.com/role/DisclosureStockholdersEquity Stockholders' Equity Notes 12 false false R13.htm 10701 - Disclosure - Income Taxes Sheet http://www.franklinstreetproperties.com/role/DisclosureIncomeTaxes Income Taxes Notes 13 false false R14.htm 11001 - Disclosure - Dispositions of properties Sheet http://www.franklinstreetproperties.com/role/DisclosureDispositionsOfProperties Dispositions of properties Notes 14 false false R15.htm 11101 - Disclosure - Subsequent Events Sheet http://www.franklinstreetproperties.com/role/DisclosureSubsequentEvents Subsequent Events Notes 15 false false R16.htm 20102 - Disclosure - Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Policies) Sheet http://www.franklinstreetproperties.com/role/DisclosureOrganizationPropertiesBasisOfPresentationFinancialInstrumentsAndRecentAccountingStandardsPolicies Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Policies) Policies http://www.franklinstreetproperties.com/role/DisclosureOrganizationPropertiesBasisOfPresentationFinancialInstrumentsAndRecentAccountingStandards 16 false false R17.htm 30103 - Disclosure - Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Tables) Sheet http://www.franklinstreetproperties.com/role/DisclosureOrganizationPropertiesBasisOfPresentationFinancialInstrumentsAndRecentAccountingStandardsTables Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Tables) Tables http://www.franklinstreetproperties.com/role/DisclosureOrganizationPropertiesBasisOfPresentationFinancialInstrumentsAndRecentAccountingStandards 17 false false R18.htm 30203 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities (Tables) Sheet http://www.franklinstreetproperties.com/role/DisclosureRelatedPartyTransactionsAndInvestmentsInNonConsolidatedEntitiesTables Related Party Transactions and Investments in Non-Consolidated Entities (Tables) Tables http://www.franklinstreetproperties.com/role/DisclosureRelatedPartyTransactionsAndInvestmentsInNonConsolidatedEntities 18 false false R19.htm 30403 - Disclosure - Financial Instruments: Derivatives and Hedging (Tables) Sheet http://www.franklinstreetproperties.com/role/DisclosureFinancialInstrumentsDerivativesAndHedgingTables Financial Instruments: Derivatives and Hedging (Tables) Tables http://www.franklinstreetproperties.com/role/DisclosureFinancialInstrumentsDerivativesAndHedging 19 false false R20.htm 30603 - Disclosure - Stockholders' Equity (Tables) Sheet http://www.franklinstreetproperties.com/role/DisclosureStockholdersEquityTables Stockholders' Equity (Tables) Tables http://www.franklinstreetproperties.com/role/DisclosureStockholdersEquity 20 false false R21.htm 30703 - Disclosure - Income Taxes (Tables) Sheet http://www.franklinstreetproperties.com/role/DisclosureIncomeTaxesTables Income Taxes (Tables) Tables http://www.franklinstreetproperties.com/role/DisclosureIncomeTaxes 21 false false R22.htm 40101 - Disclosure - Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Details) - Sheet http://www.franklinstreetproperties.com/role/DisclosureOrganizationPropertiesBasisOfPresentationFinancialInstrumentsAndRecentAccountingStandardsDetails Organization, Properties, Basis of Presentation, Financial Instruments and Recent Accounting Standards (Details) - Details http://www.franklinstreetproperties.com/role/DisclosureOrganizationPropertiesBasisOfPresentationFinancialInstrumentsAndRecentAccountingStandardsTables 22 false false R23.htm 40201 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Investment in Sponsored REITs (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureRelatedPartyTransactionsAndInvestmentsInNonConsolidatedEntitiesInvestmentInSponsoredReitsDetails Related Party Transactions and Investments in Non-Consolidated Entities - Investment in Sponsored REITs (Details) Details 23 false false R24.htm 40202 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Investment in Sponsored REITs - Property Sold (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureRelatedPartyTransactionsAndInvestmentsInNonConsolidatedEntitiesInvestmentInSponsoredReitsPropertySoldDetails Related Party Transactions and Investments in Non-Consolidated Entities - Investment in Sponsored REITs - Property Sold (Details) Details 24 false false R25.htm 40203 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Equity in earnings and Distributions from non-consolidated REITs (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureRelatedPartyTransactionsAndInvestmentsInNonConsolidatedEntitiesEquityInEarningsAndDistributionsFromNonConsolidatedReitsDetails Related Party Transactions and Investments in Non-Consolidated Entities - Equity in earnings and Distributions from non-consolidated REITs (Details) Details 25 false false R26.htm 40204 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Management fees and interest income from loans (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureRelatedPartyTransactionsAndInvestmentsInNonConsolidatedEntitiesManagementFeesAndInterestIncomeFromLoansDetails Related Party Transactions and Investments in Non-Consolidated Entities - Management fees and interest income from loans (Details) Details 26 false false R27.htm 40205 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Sponsored REIT Loans outstanding (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureRelatedPartyTransactionsAndInvestmentsInNonConsolidatedEntitiesSponsoredReitLoansOutstandingDetails Related Party Transactions and Investments in Non-Consolidated Entities - Sponsored REIT Loans outstanding (Details) Details 27 false false R28.htm 40206 - Disclosure - Related Party Transactions and Investments in Non-Consolidated Entities - Summarized financial information for Sponsored REITs (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureRelatedPartyTransactionsAndInvestmentsInNonConsolidatedEntitiesSummarizedFinancialInformationForSponsoredReitsDetails Related Party Transactions and Investments in Non-Consolidated Entities - Summarized financial information for Sponsored REITs (Details) Details 28 false false R29.htm 40301 - Disclosure - Bank Note Payable and Term Note Payable (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureBankNotePayableAndTermNotePayableDetails Bank Note Payable and Term Note Payable (Details) Details http://www.franklinstreetproperties.com/role/DisclosureBankNotePayableAndTermNotePayable 29 false false R30.htm 40401 - Disclosure - Financial Instruments: Derivatives and Hedging (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureFinancialInstrumentsDerivativesAndHedgingDetails Financial Instruments: Derivatives and Hedging (Details) Details http://www.franklinstreetproperties.com/role/DisclosureFinancialInstrumentsDerivativesAndHedgingTables 30 false false R31.htm 40501 - Disclosure - Net Income Per Share (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureNetIncomePerShareDetails Net Income Per Share (Details) Details http://www.franklinstreetproperties.com/role/DisclosureNetIncomePerShare 31 false false R32.htm 40601 - Disclosure - Stockholders' Equity (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureStockholdersEquityDetails Stockholders' Equity (Details) Details http://www.franklinstreetproperties.com/role/DisclosureStockholdersEquityTables 32 false false R33.htm 40701 - Disclosure - Income Taxes - General and Income Tax Expense (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureIncomeTaxesGeneralAndIncomeTaxExpenseDetails Income Taxes - General and Income Tax Expense (Details) Details 33 false false R34.htm 40801 - Disclosure - Dispositions of properties (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureDispositionsOfPropertiesDetails Dispositions of properties (Details) Details http://www.franklinstreetproperties.com/role/DisclosureDispositionsOfProperties 34 false false R35.htm 40901 - Disclosure - Subsequent Events (Details) Sheet http://www.franklinstreetproperties.com/role/DisclosureSubsequentEventsDetails Subsequent Events (Details) Details http://www.franklinstreetproperties.com/role/DisclosureSubsequentEvents 35 false false All Reports Book All Reports fsp-20160331.xml fsp-20160331.xsd fsp-20160331_cal.xml fsp-20160331_def.xml fsp-20160331_lab.xml fsp-20160331_pre.xml true true ZIP 53 0001558370-16-004850-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001558370-16-004850-xbrl.zip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end