Notes Payable secured by real property are summarized as follows (in thousands):


	Interest Rate as of							Notes Payable as of
Property	September 30, 2012			December 31, 2011			Maturity Date	September 30, 2012			December 31, 2011
Deerfield Commons I.		5.23	%		5.23	%	December 1, 2015	$	9,479		$	9,587
Bolingbrook Point III		5.26			5.26		January 1, 2015		7,900			7,900
Fairforest Bldg. 5⁽¹⁾		6.33			6.33		February 1, 2024		8,975			9,368
Fairforest Bldg. 6⁽¹⁾		5.42			5.42		June 1, 2019		2,479			2,703
HJ Park—Bldg. 1⁽¹⁾		4.98			4.98		March 1, 2013		150			369
North Rhett I⁽¹⁾		5.65			5.65		August 1, 2019		2,929			3,547
North Rhett II⁽¹⁾		5.20			5.20		October 1, 2020		1,869			2,005
North Rhett IV⁽¹⁾		5.80			5.80		February 1, 2025		9,061			9,427
Mt Holly Bldg.⁽¹⁾		5.20			5.20		October 1, 2020		1,869			2,006
Orangeburg Park Bldg.⁽¹⁾		5.20			5.20		October 1, 2020		1,900			2,040
Kings Mountain I⁽¹⁾		5.27			5.27		October 1, 2020		1,618			1,737
Kings Mountain II⁽¹⁾		5.47			5.47		January 1, 2020		4,721			5,105
Union Cross Bldg. I⁽¹⁾		5.50			5.50		July 1, 2021		2,397			2,552
Union Cross Bldg. II⁽¹⁾		5.53			5.53		June 1, 2021		7,313			7,791
Thames Valley Five⁽²⁾⁽³⁾		6.42			6.42		May 30, 2013		9,107			8,762
Lakeside Office Center		6.03			6.03		September 1, 2015		8,890			8,973
Albion Mills Retail Park^(2)(4)(5)		5.25			5.25		October 10, 2013		9,318			8,965
Avion Midrise III & IV⁽⁶⁾		5.52			5.52		April 1, 2014		20,582			20,920
12650 Ingenuity Drive⁽⁷⁾		5.62			5.62		October 1, 2014		12,376			12,677
Maskew Retail Park⁽²⁾⁽⁸⁾		5.68			5.68		August 10, 2014		22,566			21,710
One Wayside Road⁽⁹⁾		5.66			5.66		August 1, 2015		13,839			14,115
One Wayside Road⁽⁹⁾		5.92			5.92		August 1, 2015		11,536			11,743
100 Tice Blvd⁽¹⁰⁾		5.97			5.97		September 15, 2017		20,226			20,612
100 Tice Blvd⁽¹⁰⁾		5.97			5.97		September 15, 2017		20,226			20,611
Ten Parkway North		4.75			4.75		January 1, 2021		12,144			12,354
Pacific Corporate Park⁽¹¹⁾		4.89			4.89		December 7, 2017		79,750			81,750
4701 Gold Spike Drive⁽¹²⁾		4.45			4.45		March 1, 2018		10,387			10,521
1985 International Way⁽¹²⁾		4.45			4.45		March 1, 2018		7,217			7,310
Summit Distribution Center⁽¹²⁾		4.45			4.45		March 1, 2018		6,535			6,619
3770 Deerpark Boulevard⁽¹²⁾		4.45			4.45		March 1, 2018		7,461			7,557
Tolleson Commerce Park II⁽¹²⁾		4.45			4.45		March 1, 2018		4,486			4,544
100 Kimball Drive⁽¹³⁾		5.25			5.25		March 1, 2021		32,023			32,521
70 Hudson Street⁽¹⁴⁾		5.65			5.65		April 11, 2016		118,440			119,740
90 Hudson Street⁽¹⁴⁾		5.66			5.66		May 1, 2019		106,959			107,918
Kings Mountain III⁽¹⁵⁾		4.47			4.47		July 1, 2018		11,401			11,595
Sabal Pavilion⁽¹⁶⁾		6.38			6.38		August 1, 2013		14,700			14,700

Notes Payable									622,829			632,354
Plus Premium									8,061			9,595
Less Discount									(2,297	)		(2,838	)
Less Albion Mills Retail Park Fair Value Adjustment									(110	)		(190	)

Notes Payable Net of Premium / Discount and Fair Value Adjustment								$	628,483		$	638,921

⁽¹⁾	These notes payable were assumed from the seller of these properties on August 30, 2007 as part of the property acquisitions and were recorded at estimated fair value which includes the discount. The North Rhett III loan was paid off in full on November 22, 2011.

⁽²⁾	These loans are subject to certain financial covenants (interest coverage and loan to value).

⁽³⁾

We entered into an interest rate swap agreement that fixes the GBP-based LIBOR at 5.41% through its expiration on May 30, 2013, and therefore, including the mortgage note’s spread of 1.01% over GBP-based LIBOR, effectively fixed the mortgage note’s all-in interest rate at 6.42% per annum for its remaining term. The stated rates, not including the interest rate swap, on the mortgage note payable were 1.79% and 1.98% at September 30, 2012 and December 31, 2011, respectively, and were based on GBP LIBOR plus a spread of 1.01%.

⁽⁴⁾	The Albion Mills Retail Park notes payable balance is presented at cost basis. This loan is carried on our balance sheet at fair value. See Note 17 “Fair Value of Financial Instruments and Investments.”

⁽⁵⁾

We entered into an interest rate swap agreement that fixes the GBP-based LIBOR at 3.94% through its expiration on October 10, 2013, and therefore, including the mortgage note’s spread of 1.31% over GBP-based LIBOR, effectively fixed the mortgage note’s all-in interest rate at 5.25% per annum for its remaining term. The stated rates, not including the interest rate swap, on the mortgage note payable were 2.09% and 2.28% at September 30, 2012 and December 31, 2011, respectively, and were based on GBP LIBOR plus a spread of 1.31%.

⁽⁶⁾	The loan was assumed from the seller of Avion Midrise III & IV on November 18, 2008 and was recorded at estimated fair value which includes the discount.

⁽⁷⁾	The loan was assumed from the seller of 12650 Ingenuity Drive on August 5, 2009 and was recorded at estimated fair value which includes the discount.

⁽⁸⁾

We entered into an interest rate swap agreement that fixes the GBP-based LIBOR at 3.42% through its expiration on August 10, 2014, and therefore, including the mortgage note’s spread of 2.26% over GBP-based LIBOR, effectively fixed the mortgage note’s all-in interest rate at 5.68% per annum for its remaining term. The stated rates, not including the interest rate swap, on the mortgage note payable were 3.04% and 3.23% at September 30, 2012 and December 31, 2011, respectively, and were based on GBP LIBOR plus a spread of 2.26%.

⁽⁹⁾	The two loans were assumed from the seller of One Wayside Road on June 24, 2010 and were recorded at estimated fair value which includes the premiums.

⁽¹⁰⁾	The two loans were assumed from the seller of 100 Tice Blvd. on September 28, 2010 and were recorded at estimated fair value which includes the premiums.

⁽¹¹⁾

We entered into an interest rate swap agreement that fixes LIBOR at 2.69% through its expiration on December 7, 2017, and therefore, including the mortgage note’s spread of 2.26% over LIBOR, effectively fixed the mortgage note’s all-in interest rate at 4.98% per annum for its remaining term. The stated rates, not including the interest rate swap, on the mortgage note payable were 2.45% and 2.52% at September 30, 2012 and December 31, 2011, respectively, and were based on LIBOR plus a spread of 2.20%.

⁽¹²⁾	We entered into five loans totaling $37,000,000 on February 8, 2011 that are cross-collateralized by these properties.

⁽¹³⁾

We entered into an interest rate swap agreement that fixes LIBOR at 3.50% through its expiration on March 1, 2021, and therefore, including the mortgage note’s spread of 1.75% over LIBOR, effectively fixed the mortgage note’s all-in interest rate at 5.25% per annum for its remaining term. The stated rates, not including the interest rate swap, on the mortgage note payable were 1.98% and 2.02% at September 30, 2012 and December 31, 2011, respectively, and were based on LIBOR plus a spread of 1.75%.

⁽¹⁴⁾	The two loans were assumed from the seller of 70 Hudson Street and 90 Hudson Street, respectively, on April 11, 2011 and were recorded at estimated fair value which includes the premiums.

⁽¹⁵⁾

We entered into an interest rate swap agreement that fixes LIBOR at 2.47% through its expiration on July 1, 2018 and therefore, including the mortgage note’s spread of 2.00% over LIBOR, effectively fixed the mortgage note’s all-in interest rate at 4.47% per annum for its remaining term. The stated rates, not including the interest rate swap, on the mortgage note payable were 2.23% and 2.27% at September 30, 2012 and December 31, 2011, respectively, and were based on LIBOR plus a spread of 2.00%.

⁽¹⁶⁾

The loan was assumed from the seller of Sabal Pavilion on December 30, 2011 and was recorded at estimated fair value which includes the premium. The anticipated maturity date as presented represents the early prepayment option date prior to the automatic debt extension that would include an increase in the interest rate to 11.38% and extend until the loan is paid in full.