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<p style="text-align: left; line-height: 90%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b>8. Derivatives and Other Financial Instruments</b></p>
<p style="text-align: left; line-height: 90%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: justify; line-height: 90%; text-indent: 0.2in; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">As of September 30, 2010, the Company had two interest rate swaps with an aggregate notional amount of $150.0 million under which at each monthly settlement date the Company either (1) receives the difference between a fixed interest rate (the "Strike Rate") and one-month LIBOR if the Strike Rate is less than LIBOR or (2) pays such difference if the Strike Rate is greater than LIBOR. The interest rate swaps hedge the Company's exposure to the variability on expected cash flows attributable to changes in interest rates on the first interest payments, due on the date that is on or closest after each swap's settlement date, associated with the amount of LIBOR-based debt equal to each swap's notional amount. These interest rate swaps, with a notional amount of $150.0 million (interest rate of 5.8%, including the applicable credit spread), are currently intended to hedge interest payments associated with the Company's unsecured line of credit. An additional interest rate swap with a notional amount of $250.0 million, initially intended to hedge interest payments related to the Company's secured term loan, expired during the three months ended September 30, 2010. No initial investment was made to enter into the interest rate swap agreements.</p>
<p style="text-align: left; line-height: 90%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: justify; line-height: 90%; text-indent: 0.2in; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">As of September 30, 2010, the Company had deferred interest costs of approximately $57.9 million in other comprehensive income related to forward starting swaps, which were settled with the corresponding counterparties in March and April 2009. The forward starting swaps were entered into to mitigate the Company's exposure to the variability in expected future cash flows attributable to changes in future interest rates associated with a forecasted issuance of fixed-rate debt, with interest payments for a minimum of ten years. In June 2009 the Company closed on $368.0 million in fixed-rate mortgage loans secured by its 9865 Towne Centre Drive and Center for Life Science | Boston properties (see Note 4). The remaining deferred interest costs will be amortized as additional interest expense over a remaining period of approximately nine years.</p>
<p style="text-align: left; line-height: 90%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: justify; line-height: 90%; text-indent: 0.2in; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">The following is a summary of the terms of the interest rate swaps and a stock purchase warrant held by the Company and their fair-values, which are included in other assets (asset account) and derivative instruments (liability account) based on their respective balances on the accompanying consolidated balance sheets (in thousands):</p>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 162.45pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="217">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 49.6pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="66">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Current </font></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 52.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="70">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 90.65pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="121">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 80.55pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="107">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 108.6pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="145" colspan="2">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Fair-Value(1) </font></u></b></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 162.45pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="217">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 49.6pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="66">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Notional</font></b></p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Amount </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 52.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="70">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Strike Rate </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 90.65pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="121">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Effective Date </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 80.55pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="107">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Expiration Date </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 45.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="61">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><font style="line-height: 93%; font-size: 8pt;" class="_mt">September 30,</font></b></p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2010 </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 62.75pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="84">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><font style="line-height: 93%; font-size: 8pt;" class="_mt"> December 31,</font></b></p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2009 </font></u></b></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 162.45pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="217">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 49.6pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="66">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ 115,000</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 52.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="70">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 4.673%</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 90.65pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="121">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">October 1, 2007</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 80.55pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="107">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">August 1, 2011</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 45.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="61">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">$ (4,174)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 62.75pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="84">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (6,530)</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 162.45pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="217">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 49.6pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="66">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 35,000</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 52.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="70">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 4.700%</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 90.65pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="121">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">October 10, 2007</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 80.55pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="107">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">August 1, 2011</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 45.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="61">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (1,279)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 62.75pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="84">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (2,004)</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 162.45pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="217">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Interest rate swaps </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 49.6pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="66">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 150,000</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 52.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="70">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 90.65pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="121">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 80.55pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="107">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 45.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="61">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (5,453)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 62.75pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="84">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (8,534)</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 162.45pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="217">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Interest rate swap(2) </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 49.6pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="66">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 52.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="70">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 90.65pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="121">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 80.55pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="107">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 45.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="61">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 62.75pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="84">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (4,017)</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 162.45pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="217">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Other(3) </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 49.6pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="66">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 52.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="70">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 90.65pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="121">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 80.55pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="107">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 45.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="61">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 145</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 62.75pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="84">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 119</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 162.45pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="217">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Total derivative instruments </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 49.6pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="66">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ 150,000</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 52.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="70">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 90.65pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="121">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 80.55pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="107">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 45.85pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="61">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">$ (5,308)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 62.75pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="84">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (12,432)</p></td></tr></table>
<p style="text-align: left; line-height: 90%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><font style="line-height: 90%; font-size: 6pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 90%; text-indent: -15.95pt; margin: 0in 0in 0pt 15.95pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">(1) Fair-value of derivative instruments does not include any related accrued interest payable, which is included in accrued expenses on the accompanying consolidated balance sheets.</p>
<p style="text-align: left; line-height: 90%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><font style="line-height: 90%; font-size: 3pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 90%; text-indent: -15.95pt; margin: 0in 0in 0pt 15.95pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">(2) The interest rate swap, with notional amount of $250.0 million, expired on June 1, 2010.</p>
<p style="text-align: left; line-height: 90%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><font style="line-height: 90%; font-size: 3pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 90%; text-indent: -15.95pt; margin: 0in 0in 0pt 15.95pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">(3) A stock purchase warrant was received in connection with an early lease termination in September 2009 and was recorded as a derivative instrument with an initial fair-value of approximately $199,000 in other assets in the accompanying consolidated balance sheets.</p>
<p style="text-align: left; line-height: 90%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: justify; line-height: 90%; text-indent: 0.2in; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">For derivatives designated as cash flow hedges, the effective portion of changes in the fair-value of the derivative is initially reported in accumulated other comprehensive income (outside of earnings) and subsequently reclassified to earnings in the period in which the hedged transaction affects earnings. During the three and nine months ended September 30, 2010, such derivatives were used to hedge the variable cash flows associated with the Company's unsecured line of credit and secured term loan. During the three and nine months ended September 30, 2009, such derivatives were used to hedge the variable cash flows associated with the Company's unsecured line of credit, secured term loan, secured construction loan, and the forecasted issuance of fixed-rate debt. The ineffective portion of the change in fair-value of the derivatives is recognized directly in earnings.</p>
<p style="text-align: left; line-height: 90%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: justify; line-height: 90%; text-indent: 0.2in; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">The Company's voluntary early prepayment of the remaining balance outstanding on the secured term loan (see Note 5) and additional repayment of a portion of the outstanding indebtedness on the unsecured line of credit caused the Company's variable-rate indebtedness to fall below the combined notional value of the outstanding interest rate swaps during the three months ended June 30, 2010, causing the Company to be temporarily overhedged. In addition, the use of net proceeds from the September 28, 2010 common stock offering to repay a portion of the outstanding indebtedness on the Company's unsecured line of credit caused the amount of variable-rate indebtedness to fall below the combined notional value of the outstanding interest rate swaps on September 30, 2010. As a result, the Company re-performed tests in each period to assess the effectiveness of the Company's interest rate swaps. The tests indicated that the $250.0 million interest rate swap was no longer highly effective during the three months ended June 30, 2010, resulting in the prospective discontinuance of hedge accounting. From the date that hedge accounting was discontinued, changes in the fair-value associated with this interest rate swap were recorded directly to earnings, resulting in the recognition of a gain of approximately $1.1 million for the three months ended June 30, 2010, which is included as a component of loss on derivative instruments. In addition, the Company recorded a charge to earnings of approximately $1.1 million associated with this interest rate swap, relating to interest payments to the swap counterparty and hedge ineffectiveness, which is also included as a component of loss on derivative instruments.</p>
<p style="text-align: left; line-height: 90%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: justify; text-indent: 0.2in; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">Although the remaining interest rate swaps with an aggregate notional amount of $150.0 million passed the assessment tests at both June 30, 2010 and September 30, 2010 and continued to qualify for hedge accounting, the Company accelerated the reclassification of amounts deferred in accumulated other comprehensive loss to earnings related to the hedged forecasted transactions that became probable of not occurring during the period in which the Company was overhedged. This resulted in a cumulative charge to earnings for the nine months ended September 30, 2010 of approximately $1.3 million, partially offset by a gain of approximately $647,000 primarily attributable to the elimination of the Company's overhedged status with respect to the interest rate swaps, upon the expiration of the $250.0 million interest rate swap on June 1, 2010.</p>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><font style="font-size: 7pt;" class="_mt"> </font> </p>
<p style="text-align: justify; text-indent: 0.2in; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">During the three and nine months ended September 30, 2010, the Company recorded total losses on derivative instruments of $287,000 and $634,000, respectively, primarily related to the discontinuance of hedge accounting for the Company's former $250.0 million interest rate swap (see above), the reduction in the amount of the variable-rate indebtedness relating to the remaining $150.0 million interest rate swaps (see above), hedge ineffectiveness on cash flow hedges due to mismatches in maturity dates and interest rate reset dates between the interest rate swaps and corresponding debt and changes in the fair-value of other derivative instruments. During the three and nine months ended September 30, 2009, the Company recorded a loss on derivative instruments of $14,000 and a gain of $289,000, respectively, as a result of hedge ineffectiveness on cash flow hedges and changes in the fair-value of derivative instruments attributable to mismatches in the maturity date and the interest rate reset dates between the interest rate swaps and the corresponding debt, and changes in the fair-value of derivatives no longer considered highly effective.</p>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><font style="font-size: 7pt;" class="_mt"> </font> </p>
<p style="text-align: justify; text-indent: 0.2in; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. During the next twelve months, the Company estimates that an additional $12.2 million will be reclassified from other accumulated comprehensive income as an increase to interest expense. In addition, approximately $65,000 and $646,000 for the three and nine months ended September 30, 2010, respectively, and approximately $347,000 and $2.3 million for the three and nine months ended September 30, 2009, respectively, of settlement payments on interest rate swaps have been deferred in accumulated other comprehensive loss and will be amortized over the useful lives of the related development or redevelopment projects.</p>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><font style="font-size: 7pt;" class="_mt"> </font> </p>
<p style="text-align: justify; text-indent: 0.2in; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">The following is a summary of the amount of gain recognized in accumulated other comprehensive income related to the derivative instruments for the three and nine months ended September 30, 2010 and 2009 (in thousands):</p>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><font style="font-size: 7pt;" class="_mt"> </font> </p>
<table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="420">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 114.8pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="153" colspan="2">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Three Months Ended</font></b></p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> September 30, </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 114.8pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="153" colspan="2">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Nine Months Ended</font></b></p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> September 30, </font></u></b></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="420">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2010 </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2009 </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2010 </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2009 </font></u></b></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b>Amount of gain recognized in other comprehensive income (effective portion):</b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 14.8pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Cash flow hedges </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 24.55pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Interest rate swaps </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ 1,479</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ 1,978</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ 7,303</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ 7,332</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 24.55pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Forward starting swaps </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 11,783</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 14.05pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Total cash flow hedges </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 1,479</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 1,978</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 7,303</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 19,115</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 14.8pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Ineffective interest rate swaps(1) </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 4,321</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b>Total interest rate swaps</b> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ 1,479</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ 1,978</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ 7,303</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ 23,436</p></td></tr></table>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><font style="font-size: 7pt;" class="_mt"> </font> </p>
<p style="text-align: justify; text-indent: -15.95pt; margin: 0in 0in 0pt 15.95pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">(1) For the nine months ended September 30, 2009, the amount represents the reclassification of unrealized losses from accumulated other comprehensive income to earnings relating to a previously effective forward starting swap as a result of the reduction in the notional amount of forecasted debt.</p>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><font style="font-size: 6pt;" class="_mt"> </font> </p>
<p style="text-align: justify; text-indent: 0.2in; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">The following is a summary of the amount of loss reclassified from accumulated other comprehensive income to interest expense related to the derivative instruments for the three and nine months ended September 30, 2010 and 2009 (in thousands):</p>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><font style="font-size: 8pt;" class="_mt"> </font> </p>
<table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="420">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 114.8pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="153" colspan="2">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Three Months Ended</font></b></p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> September 30, </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 114.8pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="153" colspan="2">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Nine Months Ended</font></b></p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> September 30, </font></u></b></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="420">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2010 </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2009 </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2010 </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2009 </font></u></b></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b>Amount of loss reclassified from other comprehensive income to income (effective portion):</b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 14.8pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Cash flow hedges </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 24.55pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Interest rate swaps(1) </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (1,676)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (4,121)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (8,647)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (12,046)</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 24.55pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Forward starting swaps(2) </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (1,776)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (1,797)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (5,343)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (1,797)</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b>Total interest rate swaps</b> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (3,452)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (5,918)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (13,990)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (13,843)</p></td></tr></table>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><font style="font-size: 6pt;" class="_mt"> </font> </p>
<p style="text-align: justify; text-indent: -15.95pt; margin: 0in 0in 0pt 15.95pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">(1) Amount represents payments made to swap counterparties for the effective portion of interest rate swaps that were recognized as an increase to interest expense for the periods presented (the amount was recorded as an increase and corresponding decrease to accumulated other comprehensive loss in the same accounting period).</p>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: justify; text-indent: -15.95pt; margin: 0in 0in 0pt 15.95pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">(2) Amount represents reclassifications of deferred interest costs from accumulated other comprehensive loss to interest expense related to the Company's previously settled forward starting swaps.</p>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: justify; text-indent: 0.2in; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal">The following is a summary of the amount of gain/(loss) recognized in income as a loss on derivative instruments related to the ineffective portion of the derivative instruments for the three and nine months ended September 30, 2010 and 2009 (in thousands):</p>
<p style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="420">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 114.8pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="153" colspan="2">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Three Months Ended</font></b></p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> September 30, </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 114.8pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="153" colspan="2">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><font style="line-height: 93%; font-size: 8pt;" class="_mt"> Nine Months Ended</font></b></p>
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> September 30, </font></u></b></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="420">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2010 </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2009 </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2010 </font></u></b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="top" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b><u><font style="line-height: 93%; font-size: 8pt;" class="_mt"> 2009 </font></u></b></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b>Amount of (loss)/gain recognized in income (ineffective portion and amount excluded from effectiveness testing):</b></p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 14.8pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Cash flow hedges Interest rate swaps</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 24.55pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Interest rate swaps </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (301)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (14)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (245)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (25)</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 24.55pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Forward starting swaps </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (477)</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 14.05pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Total cash flow hedges </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (301)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (14)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (245)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (502)</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 14.8pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Ineffective interest rate swaps </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (416)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 791</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b>Total interest rate swaps</b> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (301)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (14)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> (661)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 289</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt 14.8pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left">Other derivative instruments </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 14</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> 27</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 1px solid; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> —</p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 2.35pt; width: 315.1pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="420">
<p style="text-align: left; line-height: 93%; text-indent: -5.05pt; margin: 0in 5.05pt 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"><b>Total (loss)/gain on derivative instruments</b> </p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (287)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (14)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ (634)</p></td>
<td style="padding-bottom: 0in; padding-left: 2.35pt; width: 57.4pt; padding-right: 2.35pt; padding-top: 0in;" valign="bottom" width="77">
<p style="border-bottom: black 3px double; text-align: left; line-height: 93%; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="MsoNormal" align="left"> $ 289</p></td></tr></table> </div>
8. Derivatives and Other Financial Instruments
As of September 30, 2010, the Company had two interest rate swaps with an aggregate notional amount of
false
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textblock
This element can be used to disclose the entity's entire derivative instruments and hedging activities disclosure as a single block of text. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising there from, and the amounts of and methodologies and assumptions used in determining the amounts of such items.
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 45
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44
false
1
2
false
UnKnown
UnKnown
UnKnown
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