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       In July 2010, we delegated certain of our collateral management
       and special servicing rights in our
       &lt;font style="white-space: nowrap"&gt;2006-A&lt;/font&gt; term
       debt securitization and sold our equity interest and certain
       notes issued by the
       &lt;font style="white-space: nowrap"&gt;2006-A&lt;/font&gt;
       securitization trust for $7.0&amp;#160;million in cash. This
       transaction is expected to result in the deconsolidation of the
       &lt;font style="white-space: nowrap"&gt;2006-A&lt;/font&gt;
       securitization trust and the derecognition of loans held for
       investment and term debt from our consolidated balance sheets.
       As of June&amp;#160;30, 2010, the carrying amount of consolidated
       loans held by the
       &lt;font style="white-space: nowrap"&gt;2006-A&lt;/font&gt; term
       debt securitization was $800.5&amp;#160;million and included an
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       &lt;font style="white-space: nowrap"&gt;2006-A&lt;/font&gt; term
       debt securitization had an outstanding balance of
       $891.3&amp;#160;million. Retained interests representing beneficial
       interests that we have repurchased with a face value of
       $124.8&amp;#160;million and an estimated fair value of
       $15.2&amp;#160;million will also be recorded upon deconsolidation of
       the entity.
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 -Number 5
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